Does WM Technology Inc. (MAPS) offer a good opportunity for investors?

WM Technology Inc. (NASDAQ: MAPS) stock fell -1.61% on Tuesday to $1.22 against a previous-day closing price of $1.24. With 0.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.14 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.3400 whereas the lowest price it dropped to was $1.2000. The 52-week range on MAPS shows that it touched its highest point at $8.35 and its lowest point at $0.80 during that stretch. It currently has a 1-year price target of $3.99.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MAPS was up-trending over the past week, with a rise of 5.17%, but this was up by 31.59% over a month. Three-month performance dropped to -33.70% while six-month performance fell -63.36%. The stock lost -73.76% in the past year, while it has gained 20.79% so far this year. A look at the trailing 12-month EPS for MAPS yields 0.41 with Next year EPS estimates of -0.19. For the next quarter, that number is -0.13. This implies an EPS growth rate of 152.70% for this year and 17.40% for next year.

Float and Shares Shorts:

At present, 89.55 million MAPS shares are outstanding with a float of 74.07 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.63 million, which was 4.08% higher than short shares on Sep 14, 2022. In addition to Mr. Douglas Francis as the firm’s Co-Founder & Exec. Chair, Mr. Christopher L. Beals serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 57.48% of MAPS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 28.74% of MAPS, in contrast to 22.29% held by mutual funds. Shares owned by individuals account for 21.89%. As the largest shareholder in MAPS with 8.09% of the stake, Senvest Management LLC holds 7,359,605 shares worth 7,359,605. A second-largest stockholder of MAPS, The Vanguard Group, Inc., holds 6,305,584 shares, controlling over 6.93% of the firm’s shares. ETF Managers Group LLC is the third largest shareholder in MAPS, holding 4,188,384 shares or 4.61% stake. With a 4.38% stake in MAPS, the ETFMG Alternative Harvest ETF is the largest stakeholder. A total of 3,978,924 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 3.52% of MAPS stock, is the second-largest Mutual Fund holder. It holds 3,203,513 shares valued at 3.24 million. iShares Russell 2000 ETF holds 1.76% of the stake in MAPS, owning 1,603,832 shares worth 1.62 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MAPS since 6 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MAPS analysts setting a high price target of $5.00 and a low target of $3.00, the average target price over the next 12 months is $3.99. Based on these targets, MAPS could surge 309.84% to reach the target high and rise by 145.9% to reach the target low. Reaching the average price target will result in a growth of 227.05% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MAPS will report FY 2022 earnings on 02/22/2024. Analysts have provided yearly estimates in a range of -$0.11 being high and -$0.29 being low. For MAPS, this leads to a yearly average estimate of -$0.18. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. WM Technology Inc. surprised analysts by -$0.01 when it reported -$0.06 EPS against a consensus estimate of -$0.05. The surprise factor in the prior quarter was $0.17. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.21. The average estimate for the next quarter is thus -$0.11.

Summary of Insider Activity:

Insiders traded MAPS stock several times over the past three months with 0 Buys and 6 Sells. In these transactions, 0 shares were bought while 156,099 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 324,715 while 473,154 shares were sold.

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