Weave Communications (NYSE:WEAV) Price Target Raised to $16.00 at Piper Sandler

Weave Communications (NYSE:WEAV) had its price target hoisted by Piper Sandler from $15.00 to $16.00 in a research report released on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

Weave Communications Price Performance

Shares of WEAV traded down $0.44 on Thursday, hitting $10.46. The company’s stock had a trading volume of 49,795 shares, compared to its average volume of 404,414. The company has a market capitalization of $743.92 million, a PE ratio of -23.67 and a beta of 2.07. 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 has a fifty-two week low of $6.67 and a fifty-two week high of $13.80. The company has a 50 day moving average price of $9.16 and a 200 day moving average price of $10.61.

Weave Communications (NYSE:WEAV) last announced 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 business had revenue of $47.17 million during the quarter, compared to analyst estimates of $45.89 million. Weave Communications had a negative return on equity of 27.84% and a negative net margin of 16.01%. During the same period in the previous year, the firm earned ($0.12) earnings per share. On average, research analysts anticipate that Weave Communications will post -0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its position in Weave Communications by 153.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company’s stock worth $46,000 after purchasing an additional 2,427 shares during the last quarter. AJOVista LLC bought a new position in Weave Communications in the 4th quarter worth approximately $67,000. Quest Partners LLC bought a new position in Weave Communications in the 4th quarter worth approximately $77,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Weave Communications by 48.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after purchasing an additional 3,228 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in Weave Communications in the 2nd quarter worth approximately $98,000. 86.83% of the stock is owned by institutional investors and hedge funds.

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.