EA Series Trust Acquires Shares of 29,472 BM Technologies, Inc. (NYSE:BMTX)

Posted by on Oct 25th, 2023

EA Series Trust acquired a new stake in BM Technologies, Inc. (NYSE:BMTX – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 29,472 shares of the company’s stock, valued at approximately $88,000. EA Series Trust owned about 0.25% of BM Technologies as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BMTX. Vanguard Group Inc. increased its stake in shares of BM Technologies by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 552,743 shares of the company’s stock valued at $4,726,000 after buying an additional 26,534 shares during the period. Jacob Asset Management of New York LLC increased its stake in shares of BM Technologies by 10.3% in the 1st quarter. Jacob Asset Management of New York LLC now owns 160,000 shares of the company’s stock valued at $563,000 after buying an additional 15,000 shares during the period. BlackRock Inc. increased its stake in shares of BM Technologies by 12.8% in the 3rd quarter. BlackRock Inc. now owns 127,920 shares of the company’s stock valued at $855,000 after buying an additional 14,562 shares during the period. Tejara Capital Ltd acquired a new stake in shares of BM Technologies in the 4th quarter valued at $131,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of BM Technologies by 86.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,800 shares of the company’s stock valued at $103,000 after buying an additional 9,200 shares during the period. Institutional investors own 25.73% of the company’s stock.

BM Technologies Stock Down 5.2 %

Shares of BM Technologies stock opened at $2.54 on Wednesday. BM Technologies, Inc. has a 12 month low of $1.41 and a 12 month high of $8.58. The business has a fifty day simple moving average of $2.12 and a 200 day simple moving average of $2.69. The stock has a market cap of $30.15 million, a PE ratio of -1.61 and a beta of -0.02.

BM Technologies (NYSE:BMTX – Get Free Report) last posted its earnings results on Tuesday, August 22nd. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.03). BM Technologies had a negative net margin of 29.87% and a negative return on equity of 28.05%. The business had revenue of $12.99 million during the quarter, compared to analyst estimates of $15.06 million. Analysts expect that BM Technologies, Inc. will post -1.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Maxim Group lowered their target price on BM Technologies from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 25th. Northland Securities decreased their price objective on BM Technologies from $5.00 to $4.25 and set a “market perform” rating for the company in a research note on Wednesday, August 23rd. Finally, Chardan Capital decreased their price objective on BM Technologies from $13.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, July 26th.

View Our Latest Stock Report on BMTX

BM Technologies Profile

(Free Report)

BM Technologies, Inc operates as a financial technology (fintech) company in the United States. It facilitates deposits and banking services between a customer and its partner bank, customers bank, which is a related party and is a Federal Deposit Insurance Corporation insured bank. The company, through its fintech banking platform, offers digital banking and disbursement services to consumers and students through digital channels.

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Institutional Ownership by Quarter for BM Technologies (NYSE:BMTX)

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