Los Angeles Capital Management LLC Invests $438,000 in WM Technology, Inc. (NASDAQ:MAPS)

Los Angeles Capital Management LLC acquired a new stake in shares of WM Technology, Inc. (NASDAQ:MAPS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 317,595 shares of the company’s stock, valued at approximately $438,000.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of WM Technology by 37.5% during the 3rd quarter. Barclays PLC now owns 121,510 shares of the company’s stock worth $106,000 after purchasing an additional 33,153 shares during the last quarter. JPMorgan Chase & Co. lifted its position in WM Technology by 100.6% during the third quarter. JPMorgan Chase & Co. now owns 169,284 shares of the company’s stock worth $147,000 after buying an additional 84,907 shares in the last quarter. SG Americas Securities LLC boosted its stake in WM Technology by 40.6% during the fourth quarter. SG Americas Securities LLC now owns 40,305 shares of the company’s stock worth $56,000 after buying an additional 11,633 shares during the last quarter. State Street Corp grew its holdings in WM Technology by 4.6% in the 3rd quarter. State Street Corp now owns 989,704 shares of the company’s stock valued at $861,000 after buying an additional 43,343 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of WM Technology by 31.1% in the 3rd quarter. Tidal Investments LLC now owns 3,516,406 shares of the company’s stock worth $3,059,000 after acquiring an additional 834,551 shares during the last quarter. Institutional investors and hedge funds own 22.02% of the company’s stock.

Analyst Ratings Changes

Separately, Westpark Capital reissued a “buy” rating and set a $2.61 price target on shares of WM Technology in a research report on Wednesday, November 13th.

WM Technology Price Performance

NASDAQ:MAPS opened at $1.30 on Tuesday. The company’s 50-day moving average is $1.38 and its two-hundred day moving average is $1.15. WM Technology, Inc. has a 1-year low of $0.70 and a 1-year high of $1.65. The firm has a market capitalization of $198.72 million, a price-to-earnings ratio of -43.32 and a beta of 0.87.

WM Technology Profile

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.