Dynamic Technology Lab Private Ltd purchased a new stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,358 shares of the company's stock, valued at approximately $381,000.
A number of other large investors also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in Weave Communications during the 1st quarter worth $29,000. a16z Perennial Management L.P. acquired a new stake in Weave Communications during the 1st quarter worth about $36,000. 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 during the period. Values First Advisors Inc. acquired a new stake in shares of Weave Communications in the 1st quarter valued at about $128,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Weave Communications by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,120 shares of the company's stock valued at $134,000 after buying an additional 1,217 shares during the period. 86.83% of the stock is currently owned by institutional investors.
Weave Communications Stock Performance
Shares of Weave Communications stock traded up $0.21 during mid-day trading on Wednesday, hitting $7.87. 94,019 shares of the stock were exchanged, compared to its average volume of 937,904. Weave Communications, Inc. has a 12 month low of $6.75 and a 12 month high of $17.63. The company has a 50-day simple moving average of $7.70 and a 200 day simple moving average of $9.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $605.92 million, a P/E ratio of -19.66 and a beta of 1.75.
Analysts Set New Price Targets
WEAV has been the subject of several research reports. Stifel Nicolaus reduced their target price on Weave Communications from $16.00 to $13.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Raymond James Financial dropped their price target on shares of Weave Communications from $17.00 to $15.00 and set a "strong-buy" rating on the stock in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $15.10.
Check Out Our Latest Stock Analysis on WEAV
Weave Communications Company Profile
(
Free Report)
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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