Weave Communications, Inc. (NYSE:WEAV) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Weave Communications, Inc. has received a consensus rating of "Moderate Buy" from six analysts, with an average 12-month price target of $15.10.
• Insider trading activity shows COO Marcus Bertilson and CFO Jason Paul Christiansen sold shares at an average price of $7.73, with a total insider sale of 107,179 shares valued at $825,403 in the last 90 days.
• Institutional investors now own 86.83% of Weave Communications’ stock, with significant increases in positions by firms like Bank of New York Mellon Corp, which raised their stake by 474.5%.

Shares of Weave Communications, Inc. (NYSE:WEAV - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $15.10.

A number of brokerages have recently issued reports on WEAV. Stifel Nicolaus cut their price target on shares of Weave Communications from $16.00 to $13.00 and set a "buy" rating for the company in a report on Friday, August 1st. Raymond James Financial lowered their target price on shares of Weave Communications from $17.00 to $15.00 and set a "strong-buy" rating on the stock in a research report on Friday, August 1st. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Weave Communications in a research report on Saturday, September 27th.

Insider Activity

In related news, COO Marcus Bertilson sold 13,836 shares of Weave Communications stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.73, for a total transaction of $106,952.28. Following the completion of the transaction, the chief operating officer directly owned 338,592 shares of the company's stock, valued at approximately $2,617,316.16. The trade was a 3.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jason Paul Christiansen sold 4,131 shares of Weave Communications stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.73, for a total value of $31,932.63. Following the transaction, the chief financial officer directly owned 317,381 shares of the company's stock, valued at approximately $2,453,355.13. This represents a 1.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 107,179 shares of company stock valued at $825,403 in the last 90 days. Insiders own 18.40% of the company's stock.

Institutional Trading of Weave Communications

A number of large investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Weave Communications by 37.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,947 shares of the company's stock valued at $1,321,000 after buying an additional 22,448 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Weave Communications by 9.1% during the first quarter. Rhumbline Advisers now owns 55,109 shares of the company's stock worth $611,000 after purchasing an additional 4,594 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Weave Communications during the first quarter worth $186,000. Teacher Retirement System of Texas lifted its position in Weave Communications by 31.7% during the first quarter. Teacher Retirement System of Texas now owns 52,172 shares of the company's stock worth $579,000 after buying an additional 12,566 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Weave Communications by 474.5% during the first quarter. Bank of New York Mellon Corp now owns 570,810 shares of the company's stock worth $6,330,000 after buying an additional 471,446 shares during the period. Institutional investors and hedge funds own 86.83% of the company's stock.

Weave Communications Trading Up 1.6%

Shares of Weave Communications stock traded up $0.11 during trading on Friday, reaching $6.66. The company's stock had a trading volume of 1,049,526 shares, compared to its average volume of 1,028,211. Weave Communications has a 12-month low of $6.35 and a 12-month high of $17.63. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of $7.51 and a 200-day moving average price of $8.83.

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.

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