Here’s What Makes BM Technologies (BMTX) an Attractive Company

Singular Research, an investment management firm, published its October 2021 investor letter – a copy of which can be seen here. For the month of October, the Singular coverage list underperformed the S&P 500 and outperformed the Russell 2000 by (128) and 142 basis points, respectively. Over the last twelve months, the Singular coverage list outperformed the S&P 500 and Russell 2000 by 6,625 and 5,777 basis points, respectively. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Singular Research, in its Q3 2021 investor letter, mentioned BM Technologies, Inc. (NYSE: BMTX) and discussed its stance on the firm. BM Technologies, Inc. is a United States-based technology company with a $115.4 million market capitalization. BMTX delivered a -32.62% return since the beginning of the year, while its 12-month returns are down by -34.62%. The stock closed at $9.46 per share on December 21, 2021.

Here is what Singular Research has to say about BM Technologies, Inc. in its Q3 2021 investor letter:

“For the month, we initiated coverage on BMTX. BMTX is a fintech company that’s one of the largest digital banking and disbursement providers to students and consumers in the U.S. BMTX provides an attractive opportunity to invest in an undervalued fintech relative to their peers with similar growth rates.”

Based on our calculations, BM Technologies, Inc. (NYSE: BMTX) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. BMTX was in 6 hedge fund portfolios at the end of the third quarter of 2021, compared to 12 funds in the previous quarter. BM Technologies, Inc. (NYSE: BMTX) delivered a 7.62% return in the past 3 months.

Earlier this month, we also shared another hedge fund’s views on BMTX in another article. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.