BM Technologies (NYSE:BMTX) Stock Rating Reaffirmed by Chardan Capital

BM Technologies (NYSE:BMTXGet Free Report)‘s stock had its “buy” rating reaffirmed by Chardan Capital in a research note issued to investors on Monday, Benzinga reports. They presently have a $8.00 price target on the stock. Chardan Capital’s price objective would suggest a potential upside of 165.78% from the company’s current price.

BM Technologies Stock Up 4.2 %

Shares of BMTX opened at $3.01 on Monday. BM Technologies has a 52-week low of $1.41 and a 52-week high of $3.85. The firm’s fifty day moving average is $1.74 and its two-hundred day moving average is $2.08. The stock has a market cap of $36.31 million and a PE ratio of -2.98.

BM Technologies (NYSE:BMTXGet Free Report) last announced its earnings results on Wednesday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.21. BM Technologies had a negative net margin of 19.78% and a negative return on equity of 33.46%. The company had revenue of $16.18 million for the quarter, compared to analysts’ expectations of $15.33 million. As a group, research analysts anticipate that BM Technologies will post -0.86 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BM Technologies stock. Landscape Capital Management L.L.C. acquired a new stake in BM Technologies, Inc. (NYSE:BMTXFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,869 shares of the company’s stock, valued at approximately $28,000. Landscape Capital Management L.L.C. owned 0.12% of BM Technologies at the end of the most recent quarter. Institutional investors and hedge funds own 20.15% of the company’s stock.

About BM Technologies

(Get Free Report)

BM Technologies, Inc, a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States. It offers digital banking and disbursement services to consumers and students through a full service fintech banking platform. The company was formerly known as BankMobile Technologies, Inc and changed its name to BM Technologies, Inc in January 2021.

Further Reading

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