Liberty Mutual Group Asset Management Inc. Takes Position in Weave Communications, Inc. (NYSE:WEAV)

Liberty Mutual Group Asset Management Inc. acquired a new stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 188,001 shares of the company's stock, valued at approximately $2,993,000. Weave Communications comprises about 0.7% of Liberty Mutual Group Asset Management Inc.'s portfolio, making the stock its 8th largest position. Liberty Mutual Group Asset Management Inc. owned approximately 0.26% of Weave Communications at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Wasatch Advisors LP increased its position in Weave Communications by 38.4% during the fourth quarter. Wasatch Advisors LP now owns 5,205,665 shares of the company's stock worth $82,874,000 after purchasing an additional 1,444,828 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Weave Communications by 202.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,650,760 shares of the company's stock valued at $26,280,000 after buying an additional 1,105,728 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Weave Communications during the 4th quarter worth approximately $14,984,000. Voya Investment Management LLC raised its position in shares of Weave Communications by 509.2% during the 4th quarter. Voya Investment Management LLC now owns 1,099,255 shares of the company's stock valued at $17,500,000 after buying an additional 918,804 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Weave Communications by 23.5% during the 4th quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company's stock valued at $72,220,000 after buying an additional 863,547 shares during the period. 86.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on WEAV. Piper Sandler raised their target price on Weave Communications from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. 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. Finally, Raymond James decreased 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. 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. According to MarketBeat.com, Weave Communications has a consensus rating of "Buy" and an average price target of $16.10.

Insiders Place Their Bets

In other Weave Communications news, CEO Brett T. White sold 54,051 shares of the company's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $10.23, for a total transaction of $552,941.73. Following the sale, the chief executive officer now owns 2,086,384 shares in the company, valued at $21,343,708.32. This represents a 2.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Branden Neish sold 20,232 shares of Weave Communications stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $10.23, for a total value of $206,973.36. Following the completion of the transaction, the insider now owns 526,011 shares of the company's stock, valued at $5,381,092.53. The trade was a 3.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 437,550 shares of company stock worth $5,577,180 in the last ninety days. 18.40% of the stock is owned by corporate insiders.

Weave Communications Trading Down 0.1%

WEAV traded down $0.01 during mid-day trading on Wednesday, hitting $11.01. 516,210 shares of the stock were exchanged, compared to its average volume of 729,043. The firm's fifty day moving average is $10.48 and its two-hundred day moving average is $13.44. Weave Communications, Inc. has a 1-year low of $8.18 and a 1-year high of $17.63. The company has a market cap of $824.65 million, a PE ratio of -28.23 and a beta of 1.97. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09.

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

About Weave Communications

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.