Zurcher Kantonalbank Zurich Cantonalbank Makes New $152,000 Investment in Weave Communications, Inc. (NYSE:WEAV)

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Weave Communications, Inc. (NYSE:WEAV) in the fourth quarter, HoldingsChannel.com reports. The fund bought 13,215 shares of the company’s stock, valued at approximately $152,000.

A number of other large investors also recently modified their holdings of the stock. New York State Common Retirement Fund raised its position in Weave Communications by 197.6% in the 3rd quarter. New York State Common Retirement Fund now owns 8,268 shares of the company’s stock worth $67,000 after purchasing an additional 5,490 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Weave Communications during the third quarter worth $88,000. O Shaughnessy Asset Management LLC lifted its stake in shares of 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 period. Numerai GP LLC bought a new position in Weave Communications in the third quarter valued at about $107,000. Finally, Barclays PLC increased its position in Weave Communications by 189.2% in the third quarter. Barclays PLC now owns 18,902 shares of the company’s stock worth $155,000 after purchasing an additional 12,367 shares during the period. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WEAV has been the topic of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $15.00 target price on shares of Weave Communications in a research note on Thursday, February 22nd. Stifel Nicolaus lifted their target price on shares of 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 raised 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. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Weave Communications Price Performance

Shares of WEAV stock opened at $9.01 on Thursday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.08. Weave Communications, Inc. has a 12-month low of $5.49 and a 12-month high of $13.80. The firm has a fifty day moving average of $11.27 and a 200-day moving average of $10.84. The firm has a market capitalization of $639.53 million, a price-to-earnings ratio of -20.95 and a beta of 2.23.

Weave Communications (NYSE:WEAV) last posted its earnings results on Wednesday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.08). The business had revenue of $47.17 million during the quarter, compared to analyst estimates 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 firm posted ($0.12) earnings per share. On average, equities research analysts forecast that Weave Communications, Inc. will post -0.37 earnings per share for the current year.

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.