Weave Communications, Inc. (NYSE:WEAV - Get Free Report) Director Blake G. Modersitzki sold 40,907 shares of Weave Communications stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $16.47, for a total transaction of $673,738.29. Following the transaction, the director now directly owns 199,261 shares of the company's stock, valued at $3,281,828.67. The trade was a 17.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of NYSE:WEAV traded down $0.04 during trading on Friday, reaching $16.35. 1,052,150 shares of the company were exchanged, compared to its average volume of 773,278. The business's fifty day simple moving average is $15.48 and its 200-day simple moving average is $13.13. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $16.86. The firm has a market capitalization of $1.19 billion, a PE ratio of -40.87 and a beta of 1.92.
Weave Communications (NYSE:WEAV - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.08) EPS for the quarter. Weave Communications had a negative net margin of 14.64% and a negative return on equity of 28.01%. The business had revenue of $52.39 million during the quarter, compared to the consensus estimate of $51.47 million. During the same quarter in the prior year, the firm posted ($0.10) EPS. On average, research analysts anticipate that Weave Communications, Inc. will post -0.38 EPS for the current year.
A number of large investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in Weave Communications by 3.8% during the 2nd quarter. AQR Capital Management LLC now owns 68,687 shares of the company's stock valued at $620,000 after acquiring an additional 2,516 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Weave Communications by 26.3% during the second quarter. The Manufacturers Life Insurance Company now owns 15,923 shares of the company's stock valued at $144,000 after purchasing an additional 3,315 shares in the last quarter. Algert Global LLC grew its stake in Weave Communications by 2.6% in the second quarter. Algert Global LLC now owns 181,768 shares of the company's stock valued at $1,640,000 after purchasing an additional 4,659 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Weave Communications by 5.4% during the second quarter. Point72 Asset Management L.P. now owns 17,496 shares of the company's stock valued at $158,000 after buying an additional 896 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Weave Communications in the 3rd quarter valued at about $193,000. Institutional investors own 86.83% of the company's stock.
A number of equities analysts recently commented on the stock. Piper Sandler lifted their price target on shares of Weave Communications from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their target price on Weave Communications from $13.00 to $14.50 and gave the company a "neutral" rating in a research report on Friday, November 1st. Finally, Loop Capital increased their price target on Weave Communications from $15.00 to $18.00 and gave the stock a "buy" 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 given a strong buy rating to the company. According to data from MarketBeat.com, Weave Communications currently has an average rating of "Buy" and an average target price of $16.50.
Check Out Our Latest Stock Analysis on 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.
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