WM Technology (NASDAQ:MAPS) Stock Falls 5.3% – Time to Sell?

WM Technology, Inc. (NASDAQ:MAPS)’s stock price fell 5.3% during trading on Wednesday. The company traded as low as $0.29 and last traded at $0.2999. 101,073 shares were traded during trading, a decline of 91% from the average daily volume of 1,128,189 shares. The stock had previously closed at $0.3166.

WM Technology Trading Down 0.7%

The stock has a 50-day moving average price of $0.37 and a 200 day moving average price of $0.38. The stock has a market capitalization of $46.92 million, a price-to-earnings ratio of 14.76 and a beta of 0.93.

WM Technology (NASDAQ:MAPS) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $42.45 million during the quarter, compared to analyst estimates of $42.70 million. WM Technology had a return on equity of 1.51% and a net margin of 1.12%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WM Technology stock. Renaissance Technologies LLC increased its holdings in shares of WM Technology, Inc. (NASDAQ:MAPS) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,927,014 shares of the company’s stock after buying an additional 64,700 shares during the period. Renaissance Technologies LLC owned about 1.21% of WM Technology worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 22.02% of the company’s stock.

About WM Technology

WM Technology, Inc, operating under the Weedmaps brand, provides an online marketplace and technology platform for the regulated cannabis industry. Its Weedmaps marketplace connects consumers with licensed cannabis retailers, dispensaries and delivery providers, allowing users to discover products, review menus and place orders where permitted by local regulations.

The company also offers software and digital marketing tools for cannabis businesses. These services help retailers and brands manage online menus, customer relationships, advertising, promotions and other aspects of their digital presence.