BM Technologies (NYSE:BMTX) Stock Price Down 0.6% – Time to Sell?

Posted by Sarita Garza on Jan 9th, 2025

BM Technologies, Inc. (NYSE:BMTX – Get Free Report)’s stock price dropped 0.6% during trading on Tuesday . The stock traded as low as $4.86 and last traded at $4.87. Approximately 768,236 shares traded hands during mid-day trading, an increase of 87% from the average daily volume of 410,434 shares. The stock had previously closed at $4.90.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Northland Capmk cut BM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Maxim Group reiterated a “hold” rating on shares of BM Technologies in a research note on Monday, October 28th.

View Our Latest Stock Report on BM Technologies

BM Technologies Trading Up 0.2 %

The stock has a fifty day simple moving average of $4.79 and a two-hundred day simple moving average of $3.61. The company has a market cap of $59.04 million, a PE ratio of -4.40 and a beta of 0.17.

Institutional Investors Weigh In On BM Technologies

A hedge fund recently raised its stake in BM Technologies stock. Geode Capital Management LLC increased its position in BM Technologies, Inc. (NYSE:BMTX – Free Report) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,667 shares of the company’s stock after acquiring an additional 4,031 shares during the period. Geode Capital Management LLC owned approximately 0.80% of BM Technologies worth $329,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 20.15% of the company’s stock.

BM Technologies Company Profile

(Get Free Report)

BM Technologies, Inc, a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States. It offers digital banking and disbursement services to consumers and students through a full service fintech banking platform. The company was formerly known as BankMobile Technologies, Inc and changed its name to BM Technologies, Inc in January 2021.