Weave Communications, Inc. (NYSE:WEAV) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Weave Communications, Inc. (NYSE:WEAV) have received an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $14.00.

Several research firms have weighed in on WEAV. Stifel Nicolaus increased 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. 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 report on Monday, February 26th. Finally, Piper Sandler restated an “overweight” rating and issued a $15.00 price target on shares of Weave Communications in a research report on Thursday, February 22nd.

Insider Buying and Selling at Weave Communications

In other news, CFO Alan Taylor sold 15,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $12.00, for a total value of $180,000.00. Following the completion of the transaction, the chief financial officer now owns 480,813 shares of the company’s stock, valued at $5,769,756. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 41.86% of the company’s stock.

Institutional Investors Weigh In On Weave Communications

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Weave Communications by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 3,030,289 shares of the company’s stock valued at $34,757,000 after purchasing an additional 87,496 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Weave Communications by 27.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 106,661 shares of the company’s stock valued at $1,223,000 after purchasing an additional 22,825 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Weave Communications by 162.0% during the 4th quarter. GSA Capital Partners LLP now owns 74,732 shares of the company’s stock valued at $857,000 after purchasing an additional 46,213 shares during the last quarter. Barclays PLC grew its holdings in shares of Weave Communications by 235.7% during the 4th quarter. Barclays PLC now owns 63,460 shares of the company’s stock valued at $728,000 after purchasing an additional 44,558 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Weave Communications by 13.0% during the 4th quarter. Voya Investment Management LLC now owns 30,165 shares of the company’s stock valued at $346,000 after purchasing an additional 3,463 shares during the last quarter. 86.83% of the stock is owned by institutional investors.

Weave Communications Stock Up 3.1 %

WEAV stock opened at $11.99 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a market capitalization of $846.01 million, a price-to-earnings ratio of -26.64 and a beta of 2.24. The business’s fifty day moving average price is $12.08 and its two-hundred day moving average price is $10.45. Weave Communications has a fifty-two week low of $4.04 and a fifty-two week high of $13.80.

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