Blake G. Modersitzki Sells 1,500 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Blake G. Modersitzki sold 1,500 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $16.45, for a total transaction of $24,675.00. Following the completion of the transaction, the director now directly owns 201,879 shares of the company’s stock, valued at $3,320,909.55. This represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Weave Communications Stock Performance

NYSE WEAV opened at $16.37 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a 50-day moving average of $15.43 and a 200-day moving average of $13.09. Weave Communications, Inc. has a 52-week low of $8.10 and a 52-week high of $16.72.

Weave Communications (NYSE:WEAV) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.08) earnings per share (EPS) for the quarter. Weave Communications had a negative return on equity of 28.01% and a negative net margin of 14.64%. The company had revenue of $52.39 million for the quarter, compared to analyst estimates of $51.47 million. During the same quarter last year, the business earned ($0.10) earnings per share. On average, research analysts forecast that Weave Communications, Inc. will post -0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WEAV has been the subject of a number of analyst reports. Piper Sandler lifted their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Loop Capital upped their price objective on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $16.50.

Hedge Funds Weigh In On Weave Communications

A number of large investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in Weave Communications by 3.8% in the 2nd quarter. AQR Capital Management LLC now owns 68,687 shares of the company’s stock valued at $620,000 after buying an additional 2,516 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Weave Communications in the second quarter valued at about $134,000. The Manufacturers Life Insurance Company increased 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 worth $144,000 after acquiring an additional 3,315 shares during the period. Algert Global LLC raised its stake in Weave Communications by 2.6% in the 2nd quarter. Algert Global LLC now owns 181,768 shares of the company’s stock worth $1,640,000 after purchasing an additional 4,659 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Weave Communications by 5.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 17,496 shares of the company’s stock worth $158,000 after purchasing an additional 896 shares in the last quarter. Institutional investors own 86.83% of the company’s stock.

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.