Weave Communications, Inc. (NYSE:WEAV) Given Average Rating of “Buy” by Brokerages

Weave Communications, Inc. (NYSE:WEAVGet Rating) has received a consensus rating of “Buy” from the ten analysts that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $15.50.

Several research analysts have recently weighed in on the stock. Citigroup lowered their price target on shares of Weave Communications from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, March 3rd. Guggenheim lowered their price target on shares of Weave Communications from $22.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, March 3rd. Piper Sandler cut shares of Weave Communications from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $9.00 in a research report on Thursday, March 3rd. Raymond James cut shares of Weave Communications from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 3rd. Finally, The Goldman Sachs Group lowered their price target on shares of Weave Communications from $13.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, April 14th.

Shares of WEAV opened at $5.46 on Thursday. Weave Communications has a 52-week low of $4.53 and a 52-week high of $22.40. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.84 and a current ratio of 2.84. The business’s fifty day simple moving average is $5.90.

Weave Communications (NYSE:WEAVGet Rating) last announced its earnings results on Wednesday, May 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.08. As a group, analysts forecast that Weave Communications will post -0.87 earnings per share for the current fiscal year.

In related news, Director Blake G. Modersitzki acquired 37,000 shares of Weave Communications stock in a transaction that occurred on Monday, March 7th. The shares were purchased at an average cost of $6.47 per share, for a total transaction of $239,390.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 42.20% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. purchased a new stake in Weave Communications during the fourth quarter worth about $45,000. Northern Trust Corp purchased a new stake in Weave Communications during the fourth quarter worth about $490,000. Lead Edge Capital Management LLC purchased a new stake in Weave Communications during the fourth quarter worth about $53,140,000. Deer Management Co. LLC purchased a new stake in Weave Communications during the fourth quarter worth about $114,862,000. Finally, Deerfield Management Company L.P. Series C purchased a new stake in Weave Communications during the fourth quarter worth about $8,418,000. Institutional investors own 56.45% of the company’s stock.

Weave Communications Company Profile (Get Rating)

Weave Communications, Inc provides a customer communications and engagement software platform in the United States and Canada. Its platform enables small and medium-sized businesses to maximize the value of their customer interactions and minimize the time and effort spent on manual or mundane tasks.

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Analyst Recommendations for Weave Communications (NYSE:WEAV)

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