Deutsche Bank AG Buys Shares of 227,728 Weave Communications, Inc. $WEAV

Deutsche Bank AG acquired a new stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 227,728 shares of the company's stock, valued at approximately $1,364,000. Deutsche Bank AG owned about 0.29% of Weave Communications as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WEAV. Hilton Head Capital Partners LLC purchased a new stake in shares of Weave Communications in the fourth quarter valued at approximately $26,000. Amundi boosted its stake in Weave Communications by 27.1% during the first quarter. Amundi now owns 5,301 shares of the company's stock worth $59,000 after buying an additional 1,130 shares during the last quarter. Optiver Holding B.V. grew its holdings in Weave Communications by 1,201.2% in the 1st quarter. Optiver Holding B.V. now owns 7,339 shares of the company's stock valued at $34,000 after buying an additional 6,775 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Weave Communications by 119.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,683 shares of the company's stock worth $72,000 after acquiring an additional 4,731 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Weave Communications by 1,125.6% during the 4th quarter. CWM LLC now owns 9,033 shares of the company's stock worth $69,000 after acquiring an additional 8,296 shares during the period. Institutional investors and hedge funds own 86.83% of the company's stock.

Analysts Set New Price Targets

WEAV has been the subject of a number of recent analyst reports. UBS Group reiterated an "accumulate" rating on shares of Weave Communications in a research report on Tuesday, August 18th. Raymond James Financial cut Weave Communications from an "outperform" rating to a "market perform" rating in a research note on Monday, August 24th. Wall Street Zen lowered Weave Communications from a "buy" rating to a "hold" rating in a research report on Sunday, August 23rd. B. Riley Financial downgraded Weave Communications from a "buy" rating to a "hold" rating and cut their price objective for the company from $8.25 to $7.40 in a report on Wednesday, August 19th. Finally, Piper Sandler lowered Weave Communications from an "overweight" rating to a "hold" rating and decreased their target price for the stock from $8.00 to $7.40 in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.84.

Weave Communications Price Performance

WEAV stock opened at $7.30 on Friday. The stock has a market capitalization of $584 million, a PE ratio of -29.20 and a beta of 1.67. The company has a fifty day moving average of $6.50 and a 200-day moving average of $5.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.25. Weave Communications, Inc. has a one year low of $4.24 and a one year high of $8.00.

Weave Communications (NYSE:WEAV - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.04 earnings per share for the quarter, meeting analysts' consensus estimates of $0.04. The business had revenue of $67.54 million during the quarter, compared to analysts' expectations of $67.88 million. Weave Communications had a negative return on equity of 21.14% and a negative net margin of 7.97%. As a group, analysts expect that Weave Communications, Inc. will post -0.22 EPS 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.

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