WM Technology (NASDAQ:MAPS) Earns “Buy” Rating from Westpark Capital

WM Technology (NASDAQ:MAPS)‘s stock had its “buy” rating restated by equities researchers at Westpark Capital in a report released on Wednesday,Benzinga reports. They presently have a $2.61 price target on the stock. Westpark Capital’s target price would suggest a potential upside of 161.10% from the stock’s previous close.

WM Technology Trading Up 16.8 %

Shares of NASDAQ:MAPS opened at $1.00 on Wednesday. The business’s 50 day moving average price is $0.87 and its 200-day moving average price is $0.98. WM Technology has a 1 year low of $0.70 and a 1 year high of $1.47.

Institutional Investors Weigh In On WM Technology

Several institutional investors have recently bought and sold shares of MAPS. SG Americas Securities LLC acquired a new position in shares of WM Technology during the third quarter valued at approximately $25,000. Virtu Financial LLC purchased a new position in WM Technology in the 1st quarter valued at $28,000. Quadrature Capital Ltd acquired a new stake in WM Technology during the 1st quarter worth $53,000. Clear Harbor Asset Management LLC purchased a new stake in shares of WM Technology during the second quarter worth $79,000. Finally, Rhumbline Advisers acquired a new stake in shares of WM Technology in the second quarter valued at about $106,000. 22.02% of the stock is currently owned by institutional investors and hedge funds.

About WM Technology

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.