Weave Communications, Inc. (NYSE:WEAV) Director Sells $24,675.00 in Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 1,500 shares of Weave Communications stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $16.45, for a total value of $24,675.00. Following the completion of the transaction, the director now directly owns 201,879 shares of the company’s stock, valued at $3,320,909.55. This represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Weave Communications Trading Down 0.4 %

Weave Communications stock opened at $16.37 on Friday. The company has a 50 day moving average of $15.43 and a 200-day moving average of $13.09. 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 twelve month low of $8.10 and a twelve month high of $16.72.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WEAV. nVerses Capital LLC acquired a new position in Weave Communications during the 3rd quarter worth approximately $45,000. Quarry LP bought a new stake in shares of Weave Communications in the third quarter worth $45,000. US Bancorp DE acquired a new position in Weave Communications during the third quarter worth $107,000. Silverleafe Capital Partners LLC bought a new position in Weave Communications in the fourth quarter valued at $206,000. Finally, International Assets Investment Management LLC acquired a new stake in Weave Communications in the 4th quarter valued at $228,000. 86.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. The Goldman Sachs Group upped their price objective on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. Loop Capital lifted 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, October 31st. Finally, Piper Sandler lifted their target price on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. One investment analyst has 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 data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $16.50.

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.