WM Technology (NASDAQ:MAPS) Given Buy Rating at Westpark Capital

WM Technology (NASDAQ:MAPS)‘s stock had its “buy” rating reiterated by Westpark Capital in a report issued on Wednesday,Benzinga reports. They presently have a $2.61 target price on the stock. Westpark Capital’s price target suggests a potential upside of 161.10% from the stock’s current price.

WM Technology Stock Up 16.8 %

Shares of MAPS opened at $1.00 on Wednesday. The stock has a fifty day simple moving average of $0.87 and a two-hundred day simple moving average of $0.98. WM Technology has a 52-week low of $0.70 and a 52-week high of $1.47.

Institutional Investors Weigh In On WM Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC purchased a new stake in WM Technology in the 1st quarter valued at about $4,685,000. Vanguard Group Inc. boosted its position in shares of WM Technology by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,452,355 shares of the company’s stock worth $5,922,000 after purchasing an additional 24,588 shares during the period. Quadrature Capital Ltd purchased a new stake in WM Technology in the first quarter valued at approximately $53,000. Virtu Financial LLC acquired a new position in WM Technology during the 1st quarter worth about $28,000. Finally, Rhumbline Advisers purchased a new position in shares of WM Technology in the second quarter valued at approximately $106,000. Hedge funds and other institutional investors own 22.02% of the company’s stock.

WM Technology Company 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.