Weave Communications (NYSE:WEAV) Price Target Raised to $14.50

Weave Communications (NYSE:WEAV) had its price target upped by The Goldman Sachs Group from $13.00 to $14.50 in a research note published on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

WEAV has been the topic of a number of other reports. Piper Sandler increased their price objective on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday. Loop Capital upped their target price on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Weave Communications presently has a consensus rating of “Buy” and a consensus target price of $16.50.

Weave Communications Stock Performance

Shares of NYSE:WEAV opened at $13.12 on Friday. The business has a fifty day moving average of $12.22 and a 200-day moving average of $10.52. The firm has a market cap of $942.19 million, a PE ratio of -32.80 and a beta of 2.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 1.64. Weave Communications has a twelve month low of $7.76 and a twelve month high of $14.34.

Insiders Place Their Bets

In other news, Director Blake G. Modersitzki sold 15,718 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $13.49, for a total value of $212,035.82. Following the completion of the transaction, the director now owns 303,935 shares of the company’s stock, valued at $4,100,083.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Weave Communications news, CFO Alan Taylor sold 3,560 shares of Weave Communications stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $10.39, for a total value of $36,988.40. Following the sale, the chief financial officer now owns 525,555 shares of the company’s stock, valued at $5,460,516.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Blake G. Modersitzki sold 15,718 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $13.49, for a total value of $212,035.82. Following the completion of the sale, the director now owns 303,935 shares in the company, valued at approximately $4,100,083.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,248 shares of company stock worth $1,986,355. Company insiders own 36.30% of the company’s stock.

Institutional Trading of Weave Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Summit Global Investments bought a new position in Weave Communications in the third quarter valued at $460,000. Principal Financial Group Inc. grew its holdings in shares of Weave Communications by 139.0% in the 3rd quarter. Principal Financial Group Inc. now owns 89,768 shares of the company’s stock valued at $1,149,000 after acquiring an additional 52,210 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Weave Communications in the third quarter valued at about $1,904,000. US Bancorp DE bought a new stake in Weave Communications during the third quarter worth about $107,000. Finally, Raymond James & Associates boosted its position in Weave Communications by 66.8% during the third quarter. Raymond James & Associates now owns 233,534 shares of the company’s stock valued at $2,989,000 after purchasing an additional 93,519 shares during the last quarter. 86.83% of the stock is currently 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.