Gamco Investors INC. ET AL Takes $608,000 Position in Weave Communications, Inc. (NYSE:WEAV)

Gamco Investors INC. ET AL bought a new stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 38,200 shares of the company's stock, valued at approximately $608,000. Gamco Investors INC. ET AL owned about 0.05% of Weave Communications at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Amundi acquired a new position in Weave Communications during the fourth quarter worth $66,000. Summit Investment Advisors Inc. raised its position in Weave Communications by 28.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company's stock worth $66,000 after acquiring an additional 928 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Weave Communications in the fourth quarter valued at about $131,000. US Bancorp DE grew its position in shares of Weave Communications by 8.4% in the fourth quarter. US Bancorp DE now owns 9,053 shares of the company's stock valued at $144,000 after purchasing an additional 703 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Weave Communications during the 4th quarter worth approximately $159,000. 86.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on WEAV. Stifel Nicolaus cut their price target on Weave Communications from $20.00 to $16.00 and set a "buy" rating for the company in a report on Thursday. Piper Sandler cut their price target on shares of Weave Communications from $17.00 to $14.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Raymond James restated a "strong-buy" rating and set a $20.00 price objective (up from $17.00) on shares of Weave Communications in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $16.50.

Weave Communications Stock Up 2.4 %

WEAV stock traded up $0.24 during midday trading on Friday, hitting $10.23. 116,168 shares of the company's stock were exchanged, compared to its average volume of 723,367. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average price of $11.30 and a 200-day moving average price of $13.70. The stock has a market capitalization of $765.85 million, a price-to-earnings ratio of -26.13 and a beta of 1.97. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $17.63.

Weave Communications (NYSE:WEAV - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.12). The firm had revenue of $54.17 million for the quarter, compared to the consensus estimate of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. On average, analysts anticipate that Weave Communications, Inc. will post -0.33 EPS for the current year.

Insider Activity at Weave Communications

In other news, CEO Brett T. White sold 54,778 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $15.86, for a total transaction of $868,779.08. Following the completion of the sale, the chief executive officer now directly owns 1,928,364 shares of the company's stock, valued at $30,583,853.04. This represents a 2.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Blake G. Modersitzki sold 5,485 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $17.45, for a total transaction of $95,713.25. Following the completion of the transaction, the director now owns 188,441 shares of the company's stock, valued at approximately $3,288,295.45. The trade was a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 595,028 shares of company stock worth $8,606,000 in the last ninety days. 36.30% 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.