Weave Communications, Inc. (NYSE:WEAV) Given Consensus Recommendation of “Moderate Buy” by Analysts

Weave Communications, Inc. (NYSE:WEAV) has earned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $14.00.

A number of brokerages recently weighed in on WEAV. Piper Sandler restated an “overweight” rating and set a $15.00 price objective on shares of Weave Communications in a research report on Thursday, February 22nd. Stifel Nicolaus boosted their price target on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Raymond James upgraded shares of Weave Communications from an “outperform” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a report on Monday, February 26th.

Weave Communications Price Performance

Shares of NYSE WEAV opened at $8.33 on Tuesday. The stock has a 50-day moving average price of $11.41 and a two-hundred day moving average price of $10.84. Weave Communications has a 12 month low of $5.17 and a 12 month high of $13.80. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.08. The company has a market cap of $590.91 million, a price-to-earnings ratio of -19.36 and a beta of 2.23.

Weave Communications (NYSE:WEAV) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08). The company had revenue of $47.17 million during the quarter, compared to the consensus estimate of $45.89 million. Weave Communications had a negative net margin of 17.06% and a negative return on equity of 31.24%. During the same period in the previous year, the company earned ($0.12) EPS. As a group, analysts forecast that Weave Communications will post -0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Weave Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in WEAV. Federated Hermes Inc. raised its holdings in Weave Communications by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 462,704 shares of the company’s stock worth $5,307,000 after purchasing an additional 1,397 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Weave Communications by 29.2% in the fourth quarter. New York State Common Retirement Fund now owns 10,683 shares of the company’s stock valued at $123,000 after buying an additional 2,415 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Weave Communications by 153.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company’s stock valued at $46,000 after buying an additional 2,427 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Weave Communications by 25.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 13,026 shares of the company’s stock valued at $106,000 after acquiring an additional 2,658 shares during the last quarter. Finally, Quadrature Capital Ltd grew its holdings in Weave Communications by 5.2% during the 3rd quarter. Quadrature Capital Ltd now owns 113,779 shares of the company’s stock worth $928,000 after acquiring an additional 5,635 shares during the period. 86.83% of the stock is owned by institutional investors and hedge funds.

About Weave Communications

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.