Oberweis Asset Management Inc. Acquires 160,750 Shares of Weave Communications, Inc. (NYSE:WEAV)

Oberweis Asset Management Inc. grew its holdings in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 26.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 770,150 shares of the company's stock after purchasing an additional 160,750 shares during the period. Oberweis Asset Management Inc. owned about 1.06% of Weave Communications worth $12,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Voya Investment Management LLC lifted its stake 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 worth $17,500,000 after buying an additional 918,804 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Weave Communications by 27.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,969 shares of the company's stock worth $255,000 after acquiring an additional 3,456 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Weave Communications during the 4th quarter worth approximately $225,000. Hsbc Holdings PLC raised its position in shares of Weave Communications by 18.1% in the fourth quarter. Hsbc Holdings PLC now owns 20,821 shares of the company's stock valued at $332,000 after buying an additional 3,196 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Weave Communications by 2.6% in the fourth quarter. MetLife Investment Management LLC now owns 24,387 shares of the company's stock valued at $388,000 after buying an additional 620 shares during the period. 86.83% of the stock is owned by institutional investors.

Weave Communications Stock Performance

WEAV traded up $0.25 during midday trading on Tuesday, reaching $10.61. The company had a trading volume of 207,305 shares, compared to its average volume of 726,255. The business has a 50-day moving average price of $11.03 and a two-hundred day moving average price of $13.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $17.63. The stock has a market cap of $794.69 million, a PE ratio of -27.21 and a beta of 1.97.

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

Insider Activity

In other Weave Communications news, CEO Brett T. White sold 109,722 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.26, for a total value of $1,235,469.72. Following the completion of the sale, the chief executive officer now directly owns 1,790,435 shares of the company's stock, valued at $20,160,298.10. The trade was a 5.77 % decrease in their ownership of the stock. The transaction 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 Weave Communications stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $17.45, for a total value of $95,713.25. Following the completion of the transaction, the director now owns 188,441 shares in the company, valued at approximately $3,288,295.45. This represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 519,509 shares of company stock worth $7,408,268. 18.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WEAV shares. Piper Sandler dropped their price objective on Weave Communications from $17.00 to $14.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Stifel Nicolaus decreased their price target 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. Finally, Raymond James dropped their price objective on shares of Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Weave Communications currently has an average rating of "Buy" and a consensus price target of $15.90.

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.