BM TechnologiesBMTX
Market Cap: $33.8M
About: BM Technologies Inc provides digital banking and disbursement services to consumers and students nationwide through a full-service fintech banking platform, accessible to customers anywhere and anytime through digital channels. 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 (FDIC) insured bank. The company has four primary revenue sources: interchange and card revenue, servicing fees, account fees, and university fees. The majority of revenues are driven by customer activity (deposits, spending, transactions, etc.) and may be paid or passed through by customer banks, universities, or paid directly by customers.
Employees: 200
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
186% more call options, than puts
Call options by funds: $632K | Put options by funds: $221K
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
49% more capital invested
Capital invested by funds: $4.54M [Q1] → $6.75M (+$2.22M) [Q2]
10% more funds holding
Funds holding: 42 [Q1] → 46 (+4) [Q2]
1.77% more ownership
Funds ownership: 23.12% [Q1] → 24.9% (+1.77%) [Q2]
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Northland Capital Markets Mike Grondahl 35% 1-year accuracy 6 / 17 met price target | 94%upside $5.40 | Outperform Upgraded | 22 Aug 2024 |
Northland Capital Markets Mike Grondahl 35% 1-year accuracy 6 / 17 met price target | 25%upside $3.50 | Market Perform Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 6 articles about BMTX published over the past 30 days