WM Technology (NASDAQ:MAPS) Shares Down 3.2%

WM Technology, Inc. (NASDAQ:MAPSGet Free Report)’s share price dropped 3.2% on Monday . The company traded as low as $0.90 and last traded at $0.92. Approximately 234,260 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 503,145 shares. The stock had previously closed at $0.95.

WM Technology Trading Up 0.7 %

The stock’s 50 day moving average price is $0.87 and its 200 day moving average price is $1.05. The company has a market capitalization of $139.91 million, a price-to-earnings ratio of -0.76 and a beta of 0.74.

Institutional Investors Weigh In On WM Technology

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of WM Technology by 0.5% in the 1st quarter. BlackRock Inc. now owns 785,149 shares of the company’s stock valued at $6,140,000 after purchasing an additional 4,220 shares during the period. PEAK6 Investments LLC raised its holdings in WM Technology by 13.5% in the 1st quarter. PEAK6 Investments LLC now owns 48,329 shares of the company’s stock valued at $378,000 after acquiring an additional 5,755 shares during the period. Lazard Asset Management LLC bought a new position in WM Technology in the 1st quarter valued at about $68,000. California State Teachers Retirement System raised its holdings in WM Technology by 12.5% in the 3rd quarter. California State Teachers Retirement System now owns 88,550 shares of the company’s stock valued at $143,000 after acquiring an additional 9,863 shares during the period. Finally, Vident Investment Advisory LLC raised its holdings in WM Technology by 5.0% in the 4th quarter. Vident Investment Advisory LLC now owns 211,442 shares of the company’s stock valued at $214,000 after acquiring an additional 10,135 shares during the period. 27.46% of the stock is owned by institutional investors.

About WM Technology

(Get Free Report)

WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and education and learning information to help newer consumers learn about the types of products to purchase.

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