Lazard Asset Management LLC Buys 23,824 Shares of Weave Communications, Inc. (NYSE:WEAV)

Lazard Asset Management LLC increased its position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 42.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,153 shares of the company's stock after acquiring an additional 23,824 shares during the quarter. Lazard Asset Management LLC owned approximately 0.11% of Weave Communications worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in WEAV. Barclays PLC lifted its position in shares of Weave Communications by 31.9% during the 3rd quarter. Barclays PLC now owns 223,503 shares of the company's stock worth $2,861,000 after purchasing an additional 54,019 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Weave Communications by 13.8% in the third quarter. JPMorgan Chase & Co. now owns 144,677 shares of the company's stock valued at $1,852,000 after purchasing an additional 17,530 shares during the period. Avanza Fonder AB acquired a new stake in shares of Weave Communications during the fourth quarter worth about $318,000. SG Americas Securities LLC increased its position in Weave Communications by 103.8% in the 4th quarter. SG Americas Securities LLC now owns 30,752 shares of the company's stock valued at $490,000 after acquiring an additional 15,660 shares during the period. Finally, Gagnon Securities LLC purchased a new stake in Weave Communications during the 4th quarter valued at approximately $524,000. Hedge funds and other institutional investors own 86.83% of the company's stock.

Analysts Set New Price Targets

WEAV has been the topic of several recent research reports. Raymond James dropped their price objective on shares of Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 29th. Piper Sandler lifted their price target on Weave Communications from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Finally, Stifel Nicolaus cut their price objective on Weave Communications from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $16.10.

Weave Communications Trading Down 0.7%

WEAV stock traded down $0.07 during trading on Friday, reaching $9.68. 251,277 shares of the stock traded hands, compared to its average volume of 909,977. The business's 50 day moving average price is $10.37 and its 200-day moving average price is $13.30. The firm has a market capitalization of $727.39 million, a PE ratio of -24.78 and a beta of 1.97. 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 52-week low of $8.18 and a 52-week high of $17.63.

Weave Communications (NYSE:WEAV - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.12). The firm had revenue of $55.81 million for the quarter, compared to analyst estimates of $54.72 million. Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. As a group, sell-side analysts forecast that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Brett T. White sold 109,722 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.26, for a total value of $1,235,469.72. Following the completion of the transaction, the chief executive officer now directly owns 1,790,435 shares of the company's stock, valued at $20,160,298.10. This represents a 5.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Joseph David Mcneil sold 51,638 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $11.16, for a total transaction of $576,280.08. Following the completion of the transaction, the executive now owns 298,362 shares of the company's stock, valued at $3,329,719.92. This trade represents a 14.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 320,014 shares of company stock worth $3,522,274 over the last ninety days. 18.40% of the stock is owned by insiders.

Weave Communications Company Profile

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.