Counterpoint Mutual Funds LLC Makes New $138,000 Investment in Weave Communications, Inc. (NYSE:WEAV)

Counterpoint Mutual Funds LLC bought a new stake in Weave Communications, Inc. (NYSE:WEAV) during the 1st quarter, Holdings Channel reports. The firm bought 12,005 shares of the company’s stock, valued at approximately $138,000.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Weave Communications by 37.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,942,793 shares of the company’s stock valued at $23,984,000 after buying an additional 808,248 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of Weave Communications by 17.9% in the fourth quarter. Wasatch Advisors LP now owns 2,172,373 shares of the company’s stock valued at $24,917,000 after acquiring an additional 330,422 shares in the last quarter. Walleye Capital LLC grew its stake in shares of Weave Communications by 856.3% in the third quarter. Walleye Capital LLC now owns 167,240 shares of the company’s stock valued at $1,363,000 after acquiring an additional 149,752 shares in the last quarter. Alpha DNA Investment Management LLC bought a new position in Weave Communications during the fourth quarter worth about $590,000. Finally, Swiss National Bank acquired a new stake in Weave Communications in the 3rd quarter worth about $419,000. Institutional investors own 86.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James upgraded shares of Weave Communications from an “outperform” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research report on Monday, February 26th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Weave Communications Price Performance

WEAV stock traded up $0.08 during midday trading on Tuesday, reaching $8.67. The company had a trading volume of 163,446 shares, compared to its average volume of 419,567. The company has a market capitalization of $616.61 million, a price-to-earnings ratio of -20.21 and a beta of 2.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.75 and a quick ratio of 1.75. Weave Communications, Inc. has a 1-year low of $6.67 and a 1-year high of $13.80. The stock has a 50 day moving average price of $9.34 and a 200-day moving average price of $10.93.

Weave Communications (NYSE:WEAV) last issued its earnings results on Wednesday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08). The firm had revenue of $47.17 million during the quarter, compared to analyst estimates of $45.89 million. Weave Communications had a negative net margin of 17.06% and a negative return on equity of 31.74%. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. Equities research analysts expect that Weave Communications, Inc. will post -0.39 earnings per share for the current year.

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.