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WM Technology Inc. (NASDAQ: MAPS) Has Succeeded To Excite In 2023, The Stock Is Down -8.97% Year-To-Date

WM Technology Inc. (NASDAQ:MAPS)’s traded shares stood at 0.54 million during the latest session, with the company’s beta value hitting 1.07. At the last check today, the stock’s price was $0.92, to imply an increase of 17.87% or $0.14 in intraday trading. The MAPS share’s 52-week high remains $8.35, putting it -807.61% down since that peak but still an impressive 15.22% since price per share fell to its 52-week low of $0.78. The company has a valuation of $126.32M, with an average of 0.72 million shares in intraday trading volume over the past 10 days and average of 742.64K shares over the past 3 months.

Analysts have given a consensus recommendation of a Hold for WM Technology Inc. (MAPS), translating to a mean rating of 2.40. Of 5 analyst(s) looking at the stock, 0 analyst(s) give MAPS a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.06.

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WM Technology Inc. (NASDAQ:MAPS) trade information

After registering a 17.87% upside in the latest session, WM Technology Inc. (MAPS) has traded red over the past five days. The stock hit a weekly high of 0.9122 this Thursday, 03/16/23, jumping 17.87% in its intraday price action. The 5-day price performance for the stock is 16.23%, and -29.82% over 30 days. With these gigs, the year-to-date price performance is -8.97%. Short interest in WM Technology Inc. (NASDAQ:MAPS) saw shorts transact 4.22 million shares and set a 7.55 days time to cover.

Analysts on Wall Street suggest a consensus price target of $2.40, implying an increase of 61.67% to the stock’s recent value. The extremes give us $1.20 and $3.00 for target low and target high price respectively. As such, MAPS has been trading -226.09% off suggested target high and -30.43% from its likely low.

WM Technology Inc. (MAPS) estimates and forecasts

Looking at statistics comparing WM Technology Inc. share performance against respective industry, we note that the company has outperformed competitors. WM Technology Inc. (MAPS) shares are -60.71% down over the last 6 months, with its year-to-date growth rate higher than industry average at 25.71% against 17.30%. Revenue is forecast to grow 68.40% this quarter before falling -138.50% for the next one. The rating firms project that company’s revenue will shrink -3.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is $49.25 million. Meanwhile, for the quarter ending Jun 2023, a total of 4 analyst(s) estimate revenue growth to $51.48 million.Earnings reports from the last fiscal year show that sales brought in $57.45 million and $58.29 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -14.30% before dropping -11.70% in the following quarter.

MAPS Dividends

WM Technology Inc. has its next earnings report out on March 16. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. WM Technology Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

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

WM Technology Inc. insiders hold 18.86% of total outstanding shares, with institutional holders owning 56.47% of the shares at 69.59% float percentage. In total, 56.47% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Dec 30, 2022, the company held over 5.96 million shares (or 6.56% of shares), all amounting to roughly $5.18 million.

The next major institution holding the largest number of shares is Senvest Management LLC with 5.95 million shares, or about 6.54% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $5.17 million.

We also have ETF Managers Tr-EFTMG Alternative Harvest ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the WM Technology Inc. (MAPS) shares. Going by data provided on Sep 29, 2022, ETF Managers Tr-EFTMG Alternative Harvest ETF holds roughly 3.65 million shares. This is just over 4.02% of the total shares, with a market valuation of $3.18 million. Data from the same date shows that the other fund manager holds a little less at 2.29 million, or 2.51% of the shares, all valued at about 1.99 million.

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