According to Fintel, WestPark Capital started covering WM Technology Inc – (NASDAQ:MAPS) on May 24, 2023, with a Hold recommendation.
Analyst Predicts a 172.85% Price Increase
The average one-year price target for WM Technology Inc – as of May 11, 2023, is 2.73. The projected price range is from 1.21 to $5.25. The average price target suggests that there will be a 172.85% increase from its latest closing price of 1.00.
Check out our list of companies with the biggest price target upside.
The estimated yearly income for WM Technology Inc – is 215MM, which is expected to increase by 4.38%. The predicted annual non-GAAP EPS is -0.16.
What is the Fund Sentiment?
According to Fintel, 205 funds or institutions have reported positions in WM Technology Inc-. This represents a decrease of 5 owner(s) or 2.38% in the last quarter. The average portfolio weight of all funds invested in MAPS is 0.11%, an increase of 8.07%. The total number of shares owned by institutions decreased by 14.78% to 47,453K shares in the last three months. 
The put/call ratio of MAPS is 0.02, indicating a bullish outlook.
How are Other Shareholders Responding?
Etf Managers Group owns 5,129K shares, which is a 5.54% stake in the company. In their prior filing, the company disclosed their ownership of 4,513K shares, representing an increase of 12.02%. The company lowered its portfolio allocation in MAPS by 45.48% in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 3,204K shares, which is a 3.46% stake in the company. In their prior filing, the firm stated that they own 2,287K shares, representing an increase of 28.62%. The company lowered its portfolio allocation in MAPS by 18.84% over the last quarter.
MJUS – ETFMG U.S. Alternative Harvest ETF owns 3,073K shares, which is a 3.32% stake in the company. In their prior filing, the firm disclosed their ownership of 528K shares, representing an increase of 82.81%. The company increased its portfolio allocation in MAPS by 172.19% over the last quarter.
Mirae Asset Global Investments Co. owns 2,718K shares, which is a 2.94% stake in the company. In their prior filing, the firm stated that they own 2,170K shares, representing an increase of 20.16%. The company lowered its portfolio allocation in MAPS by 59.65% over the last quarter.
Polar Asset Management Partners owns 2,250K shares, which is a 2.43% stake in the company. In their prior filing, the company disclosed their ownership of 2,617K shares, representing a decrease of 16.34%. The company lowered its portfolio allocation in MAPS by 10.38% over the last quarter.
WM Technology Background Information
(This description is provided by the company.)
WM Technology, Inc., founded in 2008, has been instrumental in the legislative changes of the past decade. Its aim is to empower the global cannabis economy in a transparent and inclusive way. WM Technology consists of Weedmaps, a B2C platform, and WM Business, a B2B software that provides a cloud-based SaaS solution to the cannabis industry. WM Business enables cannabis retailers to use an end-to-end operating system that supports compliance with complex and ever-changing regulations
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