Weave Communications, Inc. (NYSE:WEAV) Stock Holdings Boosted by Acuitas Investments LLC

Acuitas Investments LLC lifted its position in shares of Weave Communications, Inc. (NYSE:WEAV) by 33.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 186,241 shares of the company’s stock after acquiring an additional 46,969 shares during the period. Acuitas Investments LLC’s holdings in Weave Communications were worth $2,136,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Federated Hermes Inc. grew its position in Weave Communications by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 462,704 shares of the company’s stock valued at $5,307,000 after buying an additional 1,397 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Weave Communications by 29.2% during 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. O Shaughnessy Asset Management LLC boosted its position in shares of Weave Communications by 25.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 13,026 shares of the company’s stock valued at $106,000 after purchasing an additional 2,658 shares in the last quarter. Quadrature Capital Ltd boosted its position in shares of Weave Communications by 5.2% during the 3rd quarter. Quadrature Capital Ltd now owns 113,779 shares of the company’s stock valued at $928,000 after purchasing an additional 5,635 shares in the last quarter. Finally, Worth Venture Partners LLC boosted its position in shares of Weave Communications by 11.0% during the 3rd quarter. Worth Venture Partners LLC now owns 71,065 shares of the company’s stock valued at $579,000 after purchasing an additional 7,042 shares in the last quarter. Institutional investors own 86.83% of the company’s stock.

Weave Communications Price Performance

Shares of NYSE WEAV traded up $0.39 during midday trading on Friday, reaching $11.30. 35,700 shares of the company traded hands, compared to its average volume of 399,975. The firm has a market cap of $802.07 million, a PE ratio of -24.24 and a beta of 2.24. The stock’s 50-day simple moving average is $11.74 and its 200-day simple moving average is $10.66. Weave Communications, Inc. has a 12 month low of $4.04 and a 12 month high of $13.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.78 and a current ratio of 1.78.

Weave Communications (NYSE:WEAV) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The company had revenue of $45.69 million during 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%. As a group, equities analysts anticipate that Weave Communications, Inc. will post -0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

WEAV has been the subject of several research reports. Raymond James upgraded shares of Weave Communications from an “outperform” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a research report on Monday, February 26th. Stifel Nicolaus raised their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Piper Sandler reissued an “overweight” rating and issued a $15.00 price target on shares of Weave Communications in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

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.