Weave Communications, Inc. (NYSE:WEAV) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 22.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 398,626 shares of the company's stock after buying an additional 71,936 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.55% of Weave Communications worth $6,346,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aquatic Capital Management LLC purchased a new stake in Weave Communications during the 4th quarter worth about $34,000. Amundi acquired a new stake in shares of Weave Communications during the 4th quarter worth about $66,000. Summit Investment Advisors Inc. lifted its stake 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 purchasing an additional 928 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Weave Communications in the fourth quarter valued at approximately $131,000. Finally, US Bancorp DE boosted its holdings in 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 in the last quarter. 86.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Blake G. Modersitzki sold 74,756 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $17.49, for a total value of $1,307,482.44. Following the transaction, the director now owns 179,153 shares of the company's stock, valued at approximately $3,133,385.97. The trade was a 29.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Branden Neish sold 20,232 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $10.23, for a total value of $206,973.36. Following the sale, the insider now directly owns 526,011 shares of the company's stock, valued at approximately $5,381,092.53. This represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 394,770 shares of company stock valued at $4,829,756. Insiders own 18.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Weave Communications from $20.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Raymond James dropped their target price on shares of Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Piper Sandler boosted their price target on shares of Weave Communications from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. One equities 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 stock. According to data from MarketBeat, Weave Communications presently has a consensus rating of "Buy" and an average target price of $16.10.

Weave Communications Stock Performance

WEAV traded down $0.34 during trading on Monday, hitting $10.45. 149,412 shares of the stock were exchanged, compared to its average volume of 731,661. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 1-year low of $8.18 and a 1-year high of $17.63. The stock has a fifty day moving average price of $10.47 and a two-hundred day moving average price of $13.39. The firm has a market capitalization of $785.28 million, a P/E ratio of -26.74 and a beta of 1.97.

Weave Communications (NYSE:WEAV - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.12). The business had revenue of $55.81 million during 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 predict that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Weave Communications 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.