FNY Investment Advisers LLC reduced its stake in Weave Communications, Inc. (NYSE:WEAV – Free Report) by 91.8% during the second quarter, Holdings Channel.com reports. The firm owned 12,600 shares of the company’s stock after selling 141,876 shares during the period. FNY Investment Advisers LLC’s holdings in Weave Communications were worth $75,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of WEAV. Hilton Head Capital Partners LLC purchased a new position in shares of Weave Communications in the fourth quarter worth $26,000. Optiver Holding B.V. boosted its position in Weave Communications by 1,201.2% during the 1st quarter. Optiver Holding B.V. now owns 7,339 shares of the company’s stock valued at $34,000 after buying an additional 6,775 shares during the period. Amundi grew its holdings in Weave Communications by 27.1% in the 1st quarter. Amundi now owns 5,301 shares of the company’s stock worth $59,000 after acquiring an additional 1,130 shares during the last quarter. CWM LLC grew its holdings in Weave Communications by 1,125.6% in the 4th quarter. CWM LLC now owns 9,033 shares of the company’s stock worth $69,000 after acquiring an additional 8,296 shares during the last quarter. Finally, Caerus Investment Advisors LLC purchased a new position in shares of Weave Communications in the first quarter valued at about $70,000. Institutional investors own 86.83% of the company’s stock.
Weave Communications Stock Performance
NYSE:WEAV opened at $5.33 on Friday. The stock has a market cap of $423.71 million, a P/E ratio of -21.30 and a beta of 1.67. The firm’s fifty day simple moving average is $6.24 and its 200 day simple moving average is $5.73. Weave Communications, Inc. has a twelve month low of $4.24 and a twelve month high of $8.11. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.08.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Weave Communications in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.33.
Read Our Latest Analysis on Weave Communications
About Weave Communications
Weave Communications is a technology company that provides integrated communications and customer management solutions tailored for small- to medium-sized local businesses. Headquartered in Lehi, Utah, the company developed a cloud-based platform that unifies voice calling, business texting, appointment reminders and payment processing within a single interface.
The platform’s core offerings include a unified business phone system, two-way texting, automated appointment and recall reminders, secure payment acceptance and a basic customer relationship management module.
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