Weave Communications (NYSE:WEAV) Stock Price Expected to Rise, Piper Sandler Analyst Says

Weave Communications (NYSE:WEAV) had its price objective hoisted by equities researchers at Piper Sandler from $16.00 to $17.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 23.28% from the company’s current price.

Weave Communications Stock Performance

Shares of WEAV opened at $13.79 on Thursday. The business’s fifty day simple moving average is $12.05 and its two-hundred day simple moving average is $10.46. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. Weave Communications has a 12 month low of $6.89 and a 12 month high of $13.86. The company has a market cap of $990.30 million, a price-to-earnings ratio of -32.83 and a beta of 2.10.

Insider Transactions at Weave Communications

In other news, Director Blake G. Modersitzki sold 15,718 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $13.49, for a total value of $212,035.82. Following the transaction, the director now directly owns 303,935 shares in the company, valued at $4,100,083.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Blake G. Modersitzki sold 15,718 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $13.49, for a total value of $212,035.82. Following the transaction, the director now directly owns 303,935 shares in the company, valued at $4,100,083.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Marcus Bertilson sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $10.67, for a total value of $160,050.00. Following the completion of the transaction, the chief operating officer now directly owns 337,682 shares in the company, valued at approximately $3,603,066.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 155,848 shares of company stock worth $1,980,871 in the last ninety days. Insiders own 36.30% of the company’s stock.

Institutional Investors Weigh In On Weave Communications

Large investors have recently made changes to their positions in the company. AXA S.A. acquired a new position in shares of Weave Communications during the 2nd quarter worth about $11,590,000. Vanguard Group Inc. boosted its position in shares of Weave Communications by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock worth $38,374,000 after purchasing an additional 312,392 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Weave Communications during the 1st quarter worth approximately $1,816,000. Harbor Capital Advisors Inc. purchased a new position in Weave Communications in the 3rd quarter valued at approximately $1,904,000. Finally, Silvercrest Asset Management Group LLC boosted its position in Weave Communications by 39.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 505,525 shares of the company’s stock valued at $5,803,000 after buying an additional 143,382 shares during the period. 86.83% of the stock is owned by institutional investors.

About 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.