Is WM Technology Inc.’s (NASDAQ: MAPS) -8.35% Loss This Week Telling Us Something New? – Marketing Sentinel
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Is WM Technology Inc.’s (NASDAQ: MAPS) -8.35% Loss This Week Telling Us Something New?

During the last session, WM Technology Inc. (NASDAQ:MAPS)’s traded shares were 1.84 million. At the end of the trading day, the stock’s price was $4.28, reflecting an intraday loss of -8.15% or -$0.38. The 52-week high for the MAPS share is $20.10, that puts it down -369.63 from that peak though still a striking 1.4% gain since the share price plummeted to a 52-week low of $4.22. The company’s market capitalization is $597.53M, and the average intraday trading volume over the past 10 days was 0.97 million shares, and the average trade volume was 785.80K shares over the past three months.

WM Technology Inc. (MAPS) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.50. MAPS has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.03.

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WM Technology Inc. (NASDAQ:MAPS) trade information

WM Technology Inc. (MAPS) registered a -8.15% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -8.15% in intraday trading to $4.28 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -8.35%, and it has moved by -20.59% in 30 days. Based on these gigs, the overall price performance for the year is -76.13%. The short interest in WM Technology Inc. (NASDAQ:MAPS) is 2.48 million shares and it means that shorts have 4.17 day(s) to cover.

The consensus price target of analysts on Wall Street is $9.05, which implies an increase of 52.71% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7.00 and $11.30 respectively. As a result, MAPS is trading at a discount of -164.02% off the target high and -63.55% off the low.

WM Technology Inc. (MAPS) estimates and forecasts

Statistics show that WM Technology Inc. has underperformed its competitors in share price, compared to the industry in which it operates. WM Technology Inc. (MAPS) shares have gone down -30.41% during the last six months, with a year-to-date growth rate less than the industry average at -38.89% against 14.50. In the rating firms’ projections, revenue will increase 34.20% compared to the previous financial year.

Revenue for the current quarter is expected to be $61.72 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $67.32 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $46.93 million and $50.88 million respectively. In this case, analysts expect current quarter sales to grow by 31.50% and then jump by 32.30% in the coming quarter.

While earnings are projected to return 152.70% in 2022.

MAPS Dividends

WM Technology Inc. is due to release its next quarterly earnings on November 11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

WM Technology Inc. (NASDAQ:MAPS)’s Major holders

WM Technology Inc. insiders own 17.33% of total outstanding shares while institutional holders control 49.76%, with the float percentage being 60.19%. Senvest Management LLC is the largest shareholder of the company, while 107 institutions own stock in it. As of Dec 30, 2021, the company held over 5.78 million shares (or 6.71% of all shares), a total value of $34.55 million in shares.

The next largest institutional holding, with 5.45 million shares, is of Luxor Capital Group, LP’s that is approximately 6.33% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $32.57 million.

Also, the Mutual Funds coming in first place with the largest holdings of WM Technology Inc. (MAPS) shares are ETF Managers Tr-EFTMG Alternative Harvest ETF and Vanguard Total Stock Market Index Fund. Data provided on Jan 30, 2022 indicates that ETF Managers Tr-EFTMG Alternative Harvest ETF owns about 1.03 million shares. This amounts to just over 1.20 percent of the company’s overall shares, with a $5.24 million market value. The same data shows that the other fund manager holds slightly less at 0.89 million, or about 1.04% of the stock, which is worth about $5.34 million.

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