Huber Capital Management LLC Purchases 288,424 Shares of Weave Communications, Inc. $WEAV

Huber Capital Management LLC lifted its position in Weave Communications, Inc. (NYSE:WEAV) by 48.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 887,472 shares of the company’s stock after buying an additional 288,424 shares during the quarter. Huber Capital Management LLC owned about 1.14% of Weave Communications worth $6,736,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in WEAV. Amundi grew its stake in shares of Weave Communications by 27.1% in the 1st quarter. Amundi now owns 5,301 shares of the company’s stock valued at $59,000 after buying an additional 1,130 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Weave Communications by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,918 shares of the company’s stock valued at $265,000 after buying an additional 1,457 shares in the last quarter. Creative Planning bought a new stake in Weave Communications during the second quarter worth approximately $143,000. JPMorgan Chase & Co. boosted its position in Weave Communications by 2.7% during the second quarter. JPMorgan Chase & Co. now owns 292,452 shares of the company’s stock worth $2,433,000 after purchasing an additional 7,651 shares during the period. Finally, Legal & General Group Plc boosted its position in Weave Communications by 83.9% during the second quarter. Legal & General Group Plc now owns 65,657 shares of the company’s stock worth $546,000 after purchasing an additional 29,958 shares during the period. Institutional investors own 86.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WEAV shares. Stifel Nicolaus decreased their target price on Weave Communications from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Piper Sandler decreased their target price on Weave Communications from $12.00 to $8.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Weave Communications in a research report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $10.00.

Weave Communications Stock Up 0.8%

Shares of Weave Communications stock opened at $5.51 on Friday. The stock has a market capitalization of $438.03 million, a P/E ratio of -17.76 and a beta of 1.69. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $5.42 and a two-hundred day moving average price of $5.87. Weave Communications, Inc. has a 12-month low of $4.24 and a 12-month high of $9.10.

Weave Communications (NYSE:WEAV) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Weave Communications had a negative return on equity of 26.46% and a negative net margin of 10.05%.The company had revenue of $65.50 million during the quarter, compared to analyst estimates of $64.57 million. Equities analysts expect that Weave Communications, Inc. will post -0.27 earnings per share for the current year.

Weave Communications Profile

Weave Communications is a technology company that provides integrated communications and customer management solutions tailored for small- to medium-sized local businesses. Headquartered in Lehi, Utah, the company developed a cloud-based platform that unifies voice calling, business texting, appointment reminders and payment processing within a single interface.

The platform’s core offerings include a unified business phone system, two-way texting, automated appointment and recall reminders, secure payment acceptance and a basic customer relationship management module.