Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki Sells 1,500 Shares

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 1,500 shares of Weave Communications stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $16.45, for a total transaction of $24,675.00. Following the sale, the director now owns 201,879 shares in the company, valued at $3,320,909.55. This represents a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Weave Communications Stock Up 3.3 %

NYSE WEAV opened at $16.34 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $16.56. The company’s fifty day moving average price is $15.32 and its two-hundred day moving average price is $13.04.

Weave Communications (NYSE:WEAV) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.08) EPS for the quarter. The company had revenue of $52.39 million for the quarter, compared to the consensus estimate of $51.47 million. Weave Communications had a negative return on equity of 28.01% and a negative net margin of 14.64%. During the same period in the previous year, the business posted ($0.10) EPS. Equities analysts anticipate that Weave Communications, Inc. will post -0.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Loop Capital lifted their target price on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price target on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $16.50.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WEAV. Wasatch Advisors LP raised its position in shares of Weave Communications by 40.9% during the 3rd quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company’s stock valued at $48,139,000 after acquiring an additional 1,091,028 shares in the last quarter. Pathway Capital Management LP acquired a new stake in Weave Communications during the third quarter worth about $7,308,000. Lord Abbett & CO. LLC lifted its holdings in Weave Communications by 37.7% in the third quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock worth $11,180,000 after acquiring an additional 239,202 shares during the last quarter. State Street Corp grew its holdings in shares of Weave Communications by 19.5% during the third quarter. State Street Corp now owns 950,683 shares of the company’s stock valued at $12,169,000 after purchasing an additional 155,054 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Weave Communications by 87.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 326,690 shares of the company’s stock valued at $4,182,000 after purchasing an additional 152,376 shares during the last quarter. Institutional investors own 86.83% of the company’s stock.

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.