Could WM Technology Inc’s (NASDAQ: MAPS) Earnings Exceed Your Expectations?

In the last trading session, 2.19 million shares of the WM Technology Inc (NASDAQ:MAPS) were traded, and its beta was 0.81. Most recently the company’s share price was $1.04, and it changed around $0.05 or 4.87% from the last close, which brings the market valuation of the company to $157.72M. MAPS currently trades at a discount to its 52-week high of $1.47, offering almost -41.35% off that amount. The share price’s 52-week low was $0.69, which indicates that the current value has risen by an impressive 33.65% since then. We note from WM Technology Inc’s average daily trading volume that its 10-day average is 1.43 million shares, with the 3-month average coming to 569.48K.

WM Technology Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended MAPS as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

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WM Technology Inc (NASDAQ:MAPS) trade information

Instantly MAPS has showed a green trend with a performance of 4.87% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.1500 on recent trading dayincreased the stock’s daily price by 9.57%. The company’s shares are currently up 44.38% year-to-date, but still up 41.50% over the last five days. On the other hand, WM Technology Inc (NASDAQ:MAPS) is 16.42% up in the 30-day period. We can see from the shorts that 1.86 million shares have been sold at a short interest cover period of 5.43 day(s).

The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 79.2% from its current value. Analyst projections state that MAPS is forecast to be at a low of $3 and a high of $7.

MAPS Dividends

WM Technology Inc’s next quarterly earnings report is expected to be released in December.

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

Upon looking at major shareholders, it appears that insiders hold 20.46% of WM Technology Inc shares, and 43.29% of them are in the hands of institutional investors. The stock currently has a share float of 54.42%. WM Technology Inc stock is held by 112.0 institutions, with MORGAN STANLEY being the largest institutional investor. By 2024-06-30, it held 6.27% of the shares, which is about 5.94 million shares worth $6.18 million.

VANGUARD GROUP INC, with 5.2654% or 4.99 million shares worth $5.19 million as of 2024-06-30, holds the second largest percentage of outstanding shares.