Weave Communications (NYSE:WEAV) Shares Gap Up to $8.56

Weave Communications, Inc. (NYSE:WEAVGet Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $8.56, but opened at $8.90. Weave Communications shares last traded at $8.82, with a volume of 66,280 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WEAV. Stifel Nicolaus boosted their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Piper Sandler restated an “overweight” rating and set a $15.00 price target on shares of Weave Communications in a report on Thursday, February 22nd. Finally, Raymond James raised shares of Weave Communications from an “outperform” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a research note on Monday, February 26th. Two 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. According to MarketBeat.com, Weave Communications presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Check Out Our Latest Analysis on WEAV

Weave Communications Price Performance

The firm’s 50 day moving average price is $10.23 and its two-hundred day moving average price is $10.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $615.19 million, a PE ratio of -20.12 and a beta of 2.23.

Weave Communications (NYSE:WEAVGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08). Weave Communications had a negative return on equity of 31.74% and a negative net margin of 17.06%. The company had revenue of $47.17 million during the quarter, compared to the consensus estimate of $45.89 million. During the same quarter in the prior year, the business earned ($0.12) EPS. On average, research analysts expect that Weave Communications, Inc. will post -0.39 earnings per share for the current year.

Institutional Trading of Weave Communications

A number of hedge funds have recently bought and sold shares of the company. Walleye Capital LLC raised its stake in shares of Weave Communications by 856.3% during the third quarter. Walleye Capital LLC now owns 167,240 shares of the company’s stock worth $1,363,000 after acquiring an additional 149,752 shares in the last quarter. Vanguard Group Inc. boosted its position in Weave Communications by 37.9% during the third quarter. Vanguard Group Inc. now owns 2,942,793 shares of the company’s stock valued at $23,984,000 after buying an additional 808,248 shares during the period. O Shaughnessy Asset Management LLC grew 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 buying an additional 2,658 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Weave Communications in the 4th quarter valued at about $448,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Weave Communications during the 4th quarter valued at about $152,000. Institutional investors own 86.83% of the company’s stock.

Weave Communications Company Profile

(Get Free Report)

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.

Further Reading

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