Zacks: Analysts Expect WM Technology, Inc. (NASDAQ:MAPS) Will Post Quarterly Sales of $62.17 Million

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Equities analysts forecast that WM Technology, Inc. (NASDAQ:MAPSGet Score) will announce $62.17 million in revenue for the recent fiscal quarter, according to Zacks. 3 analysts have designed estimates for WM Technology’s earnings, with estimates ranging from $61.50 million to $63.00 million. WM Engineering posted sales of $46.93 million in the same quarter previous yr, which would reveal a beneficial 12 months-in excess of-12 months advancement fee of 32.5%. The firm is envisioned to report its up coming quarterly earnings report on Monday, January 1st.

On regular, analysts expect that WM Know-how will report total 12 months income of $259.25 million for the latest money yr, with estimates ranging from $257.00 million to $260.60 million. For the following 12 months, analysts expect that the business enterprise will report sales of $338.56 million, with estimates ranging from $316.00 million to $350.89 million. Zacks’ sales calculations are an average primarily based on a survey of analysts that follow WM Technologies.

WM Technological innovation (NASDAQ:MAPSGet Ranking) previous issued its earnings success on Wednesday, February 23rd. The enterprise described ($.73) EPS for the quarter, lacking analysts’ consensus estimates of $.05 by ($.78). The organization experienced profits of $54.18 million during the quarter, in contrast to the consensus estimate of $51.39 million. WM Technology experienced a negative return on equity of 204.05% and a internet margin of 22.20%.

MAPS has been the matter of a range of recent investigation stories. Cantor Fitzgerald improved their rate aim on shares of WM Technologies from $6.25 to $7.65 and gave the enterprise an “overweight” rating in a investigate take note on Thursday, February 24th. Piper Sandler dropped their selling price objective on shares of WM Technologies from $9.00 to $8.00 in a research observe on Thursday, May well 5th. Canaccord Genuity Team dropped their price goal on shares of WM Technological know-how from $21.00 to $8.00 and established a “buy” rating on the stock in a research note on Thursday, February 24th. Lastly, Zacks Financial commitment Investigate downgraded shares of WM Engineering from a “hold” score to a “sell” rating in a study notice on Saturday, May possibly 7th. One particular equities research analyst has rated the stock with a market ranking and 8 have issued a acquire score to the stock. In accordance to, the inventory presently has an normal rating of “Buy” and a consensus price focus on of $14.64.

Shares of MAPS stock opened at $4.58 on Thursday. The company has a industry capitalization of $622.43 million, a P/E ratio of 24.11 and a beta of .26. The company’s 50-working day basic relocating common is $6.41 and its two-hundred working day uncomplicated relocating ordinary is $6.75. WM Technologies has a one particular 12 months minimal of $4.22 and a one particular calendar year superior of $22.24.

Hedge cash and other institutional buyers have not long ago bought and sold shares of the small business. Wells Fargo & Firm MN obtained a new posture in shares of WM Engineering in the next quarter value $49,000. Bank of America Corp DE bought a new placement in shares of WM Engineering in the 2nd quarter well worth $74,000. Citigroup Inc. lifted its holdings in shares of WM Engineering by 822.3% in the 3rd quarter. Citigroup Inc. now owns 5,534 shares of the company’s stock well worth $80,000 immediately after purchasing an additional 4,934 shares through the last quarter. Deutsche Bank AG procured a new place in shares of WM Technological innovation in the fourth quarter worth $35,000. Ultimately, Wolverine Asset Administration LLC obtained a new posture in shares of WM Technologies in the third quarter worth $85,000. 24.99% of the inventory is owned by institutional buyers and hedge funds.

WM Technology Corporation Profile (Get Ranking)

WM Keeping Company, LLC presents application and know-how remedies to the cannabis marketplace. It operates Weedmaps, an on the net listing of hashish stores and information site for cannabis producers and consumers and provides cloud-centered software as a support and facts answers to hashish vendors and important brands.

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