17,095 Shares in Weave Communications, Inc. (NYSE:WEAV) Acquired by Truvestments Capital LLC

Truvestments Capital LLC acquired a new stake in Weave Communications, Inc. (NYSE:WEAV) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,095 shares of the company’s stock, valued at approximately $196,000.

Several other large investors also recently bought and sold shares of the company. Federated Hermes Inc. lifted its stake in shares of Weave Communications by 0.3% in the fourth quarter. Federated Hermes Inc. now owns 462,704 shares of the company’s stock worth $5,307,000 after acquiring an additional 1,397 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Weave Communications by 29.2% in the 4th quarter. New York State Common Retirement Fund now owns 10,683 shares of the company’s stock valued at $123,000 after purchasing an additional 2,415 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Weave Communications by 153.7% during the 4th 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 last quarter. AJOVista LLC acquired a new stake in shares of Weave Communications during the fourth quarter worth approximately $67,000. Finally, Quest Partners LLC acquired a new stake in shares of Weave Communications during the fourth quarter worth approximately $77,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Weave Communications Stock Up 1.6 %

Shares of WEAV traded up $0.16 during midday trading on Friday, hitting $10.37. The company had a trading volume of 200,549 shares, compared to its average volume of 308,426. The stock has a market cap of $737.51 million, a price-to-earnings ratio of -24.12 and a beta of 2.07. The company’s 50 day moving average price is $9.08 and its 200 day moving average price is $10.64. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 52 week low of $6.67 and a 52 week high of $13.80.

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

Weave Communications 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.