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Brokerages expect WM Technology, Inc. (NASDAQ:MAPS – Get Rating) to post $62.17 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for WM Technology’s earnings, with the lowest sales estimate coming in at $61.50 million and the highest estimate coming in at $63.00 million. WM Technology posted sales of $46.93 million in the same quarter last year, which suggests a positive year over year growth rate of 32.5%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that WM Technology will report full year sales of $259.25 million for the current year, with estimates ranging from $257.00 million to $260.60 million. For the next fiscal year, analysts forecast that the company will post sales of $338.56 million, with estimates ranging from $316.00 million to $350.89 million. Zacks’ sales averages are an average based on a survey of analysts that cover WM Technology.
WM Technology (NASDAQ:MAPS – Get Rating) last announced its earnings results on Wednesday, February 23rd. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.78). The business had revenue of $54.18 million for the quarter, compared to analysts’ expectations of $51.39 million. WM Technology had a net margin of 22.20% and a negative return on equity of 204.05%.
MAPS has been the topic of a number of recent analyst reports. Cantor Fitzgerald increased their price objective on shares of WM Technology from $6.25 to $7.65 and gave the stock an “overweight” rating in a research report on Thursday, February 24th. Zacks Investment Research lowered shares of WM Technology from a “hold” rating to a “sell” rating in a research report on Saturday, May 7th. Canaccord Genuity Group reduced their price objective on shares of WM Technology from $21.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, February 24th. Finally, Piper Sandler reduced their price objective on shares of WM Technology from $9.00 to $8.00 in a research report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to data from MarketBeat, WM Technology has an average rating of “Buy” and an average price target of $14.64.
Several large investors have recently modified their holdings of MAPS. Deutsche Bank AG purchased a new position in shares of WM Technology during the fourth quarter worth approximately $35,000. Bessemer Group Inc. bought a new position in shares of WM Technology during the fourth quarter valued at approximately $46,000. Wells Fargo & Company MN bought a new position in shares of WM Technology during the second quarter valued at approximately $49,000. Banque Cantonale Vaudoise boosted its stake in shares of WM Technology by 83.2% during the first quarter. Banque Cantonale Vaudoise now owns 7,000 shares of the company’s stock valued at $55,000 after purchasing an additional 3,180 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of WM Technology by 64.4% during the fourth quarter. Wolverine Asset Management LLC now owns 9,748 shares of the company’s stock valued at $58,000 after purchasing an additional 3,820 shares in the last quarter. 24.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ MAPS opened at $4.58 on Thursday. The firm’s 50-day moving average price is $6.41 and its 200-day moving average price is $6.75. The stock has a market capitalization of $622.43 million, a price-to-earnings ratio of 24.11 and a beta of 0.26. WM Technology has a 12-month low of $4.22 and a 12-month high of $22.24.
WM Technology Company Profile (Get Rating)
WM Holding Company, LLC provides software and technology solutions to the cannabis industry. It operates Weedmaps, an online directory of cannabis retailers and information site for cannabis producers and consumers; and provides cloud-based software as a service and data solutions to cannabis retailers and major brands.
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