WM Technology, Inc. (NASDAQ:MAPS) Expected to Announce Quarterly Sales of $62.17 Million

Brokerages be expecting WM Know-how, Inc. (NASDAQ:MAPSGet Rating) to article $62.17 million in profits for the present-day quarter, Zacks experiences. 3 analysts have issued estimates for WM Technology’s earnings, with the most affordable gross sales estimate coming in at $61.50 million and the maximum estimate coming in at $63.00 million. WM Engineering posted revenue of $46.93 million in the very same quarter final 12 months, which suggests a favourable year above yr advancement rate of 32.5%. The business is scheduled to difficulty its up coming quarterly earnings report on Monday, January 1st.

In accordance to Zacks, analysts assume that WM Technological innovation will report whole year product sales of $259.25 million for the existing yr, with estimates ranging from $257.00 million to $260.60 million. For the next fiscal yr, analysts forecast that the business will post revenue of $338.56 million, with estimates ranging from $316.00 million to $350.89 million. Zacks’ sales averages are an ordinary primarily based on a survey of analysts that deal with WM Technological know-how.

WM Technological know-how (NASDAQ:MAPSGet Rating) previous introduced its earnings effects on Wednesday, February 23rd. The business reported ($.73) earnings for each share (EPS) for the quarter, missing the consensus estimate of $.05 by ($.78). The business enterprise had revenue of $54.18 million for the quarter, when compared to analysts’ expectations of $51.39 million. WM Technology experienced a web margin of 22.20% and a detrimental return on fairness of 204.05%.

MAPS has been the topic of a range of the latest analyst reviews. Cantor Fitzgerald improved their price tag goal on shares of WM Technology from $6.25 to $7.65 and gave the stock an “overweight” ranking in a exploration report on Thursday, February 24th. Zacks Financial commitment Investigate lowered shares of WM Technological innovation from a “hold” score to a “sell” score in a analysis report on Saturday, May 7th. Canaccord Genuity Group lessened their cost objective on shares of WM Engineering from $21.00 to $8.00 and established a “buy” rating on the inventory in a investigate report on Thursday, February 24th. Finally, Piper Sandler lessened their rate aim on shares of WM Know-how from $9.00 to $8.00 in a investigate report on Thursday, May possibly 5th. One particular expense analyst has rated the inventory with a promote ranking and eight have issued a buy rating to the business. According to knowledge from MarketBeat, WM Technologies has an common rating of “Buy” and an typical selling price concentrate on of $14.64.

Quite a few massive buyers have not long ago modified their holdings of MAPS. Deutsche Financial institution AG obtained a new placement in shares of WM Engineering all through the fourth quarter truly worth somewhere around $35,000. Bessemer Group Inc. acquired a new position in shares of WM Technologies throughout the fourth quarter valued at somewhere around $46,000. Wells Fargo & Organization MN purchased a new position in shares of WM Know-how throughout the 2nd quarter valued at about $49,000. Banque Cantonale Vaudoise boosted its stake in shares of WM Know-how by 83.2% through the very first quarter. Banque Cantonale Vaudoise now owns 7,000 shares of the company’s stock valued at $55,000 right after getting an supplemental 3,180 shares in the past quarter. Last but not least, Wolverine Asset Management LLC boosted its stake in shares of WM Technological know-how by 64.4% in the course of the fourth quarter. Wolverine Asset Administration LLC now owns 9,748 shares of the company’s stock valued at $58,000 soon after getting an extra 3,820 shares in the last quarter. 24.99% of the stock is at this time owned by institutional traders and hedge money.

Shares of NASDAQ MAPS opened at $4.58 on Thursday. The firm’s 50-working day shifting common value is $6.41 and its 200-day moving normal cost is $6.75. The stock has a industry capitalization of $622.43 million, a price tag-to-earnings ratio of 24.11 and a beta of .26. WM Engineering has a 12-thirty day period very low of $4.22 and a 12-thirty day period high of $22.24.

WM Technological innovation Corporation Profile (Get Ranking)

WM Keeping Business, LLC presents software program and technology options to the cannabis sector. It operates Weedmaps, an on line listing of cannabis shops and information and facts web page for hashish producers and shoppers and offers cloud-primarily based application as a assistance and info alternatives to hashish shops and main manufacturers.

See Also

Get a absolutely free duplicate of the Zacks analysis report on WM Technology (MAPS)

For far more information and facts about investigate offerings from Zacks Expense Investigate, take a look at Zacks.com

Earnings History and Estimates for WM Technology (NASDAQ:MAPS)

Get News & Scores for WM Technological know-how Day by day – Enter your electronic mail address down below to receive a concise day-to-day summary of the hottest information and analysts’ rankings for WM Engineering and relevant businesses with MarketBeat.com’s Free day by day email newsletter.

Next Post

We the Users: How to make technology better

We the people, in buy to form a better Net, establish our legal rights, be certain our basic safety, offer for equivalent accessibility to information, market decision, and secure the rewards of staying connected, have a number of calls for. With apologies to Structure author James Madison, it’s time that […]