Weave Communications, Inc. (NYSE:WEAV) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in Weave Communications, Inc. (NYSE:WEAV) by 0.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 462,704 shares of the company’s stock after acquiring an additional 1,397 shares during the quarter. Federated Hermes Inc.’s holdings in Weave Communications were worth $5,307,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in WEAV. O Shaughnessy Asset Management LLC grew its holdings in shares of Weave Communications by 25.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 13,026 shares of the company’s stock valued at $106,000 after purchasing an additional 2,658 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Weave Communications by 197.6% during the third quarter. New York State Common Retirement Fund now owns 8,268 shares of the company’s stock worth $67,000 after buying an additional 5,490 shares during the period. Quadrature Capital Ltd increased its stake in shares of Weave Communications by 5.2% during the third quarter. Quadrature Capital Ltd now owns 113,779 shares of the company’s stock worth $928,000 after buying an additional 5,635 shares during the period. Worth Venture Partners LLC raised its holdings in Weave Communications by 11.0% in the third quarter. Worth Venture Partners LLC now owns 71,065 shares of the company’s stock valued at $579,000 after acquiring an additional 7,042 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Weave Communications by 68.4% in the fourth quarter. SG Americas Securities LLC now owns 18,104 shares of the company’s stock worth $208,000 after acquiring an additional 7,352 shares during the last quarter. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Analysts Set New Price Targets

WEAV has been the topic of a number of analyst reports. Piper Sandler restated an “overweight” rating and issued a $15.00 price objective on shares of Weave Communications in a report on Thursday, February 22nd. Raymond James upgraded Weave Communications from an “outperform” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a research note on Monday, February 26th. Finally, Stifel Nicolaus upped their price objective on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Weave Communications presently has an average rating of “Moderate Buy” and an average target price of $14.00.

Weave Communications Stock Down 2.0 %

Shares of NYSE:WEAV opened at $10.91 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.08. Weave Communications, Inc. has a 12 month low of $4.04 and a 12 month high of $13.80. The company’s fifty day moving average price is $11.74 and its 200 day moving average price is $10.66.

Weave Communications (NYSE:WEAV) last posted its earnings results on Wednesday, February 21st. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. Weave Communications had a negative return on equity of 31.93% and a negative net margin of 18.20%. The business had revenue of $45.69 million for the quarter, compared to analysts’ expectations of $44.24 million. On average, equities research analysts anticipate that Weave Communications, Inc. will post -0.37 EPS for the current fiscal year.

Weave Communications Company Profile

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