WM Technology (NASDAQ:MAPS) Shares Down 2% – Time to Sell?

WM Technology, Inc. (NASDAQ:MAPS) shares fell 2% during mid-day trading on Thursday . The stock traded as low as $0.38 and last traded at $0.3820. Approximately 139,106 shares were traded during trading, a decline of 92% from the average daily volume of 1,710,030 shares. The stock had previously closed at $0.3898.

WM Technology Stock Down 2.0%

The firm has a fifty day moving average of $0.38 and a 200-day moving average of $0.62. The firm has a market cap of $60.75 million, a P/E ratio of 19.11 and a beta of 0.87.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC grew its position in shares of WM Technology by 3.5% during the 1st quarter. Renaissance Technologies LLC now owns 1,927,014 shares of the company’s stock worth $1,269,000 after buying an additional 64,700 shares during the period. Corient Private Wealth LLC lifted its holdings in WM Technology by 65.5% in the fourth quarter. Corient Private Wealth LLC now owns 151,593 shares of the company’s stock valued at $125,000 after buying an additional 60,013 shares during the period. DGS Capital Management LLC lifted its holdings in WM Technology by 143.6% in the fourth quarter. DGS Capital Management LLC now owns 37,041 shares of the company’s stock valued at $31,000 after buying an additional 21,834 shares during the period. Invesco Ltd. boosted its stake in WM Technology by 43.8% in the fourth quarter. Invesco Ltd. now owns 57,105 shares of the company’s stock valued at $47,000 after acquiring an additional 17,386 shares during the last quarter. Finally, Beartown Capital Management LLC bought a new position in WM Technology in the fourth quarter valued at approximately $469,000. Institutional investors own 22.02% of the company’s stock.

WM Technology Company Profile

WM Technology, Inc is a software-as-a-service provider that delivers cloud-based solutions to the wealth and asset management industry. The company’s platform is designed to support financial advisors, broker-dealers and registered investment advisors with digital investment advice, portfolio management, performance reporting and compliance monitoring.

WM Technology’s product suite includes tools for streamlined client onboarding, interactive financial planning, automated portfolio rebalancing and tax-aware investment strategies.