Quantinno Capital Management LP boosted its position in shares of Weave Communications, Inc. (NYSE:WEAV – Free Report) by 490.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 120,464 shares of the company’s stock after acquiring an additional 100,058 shares during the period. Quantinno Capital Management LP owned 0.15% of Weave Communications worth $557,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in WEAV. Hilton Head Capital Partners LLC purchased a new stake in shares of Weave Communications in the fourth quarter worth $26,000. Amundi raised its position in shares of Weave Communications by 27.1% during the 1st quarter. Amundi now owns 5,301 shares of the company’s stock valued at $59,000 after purchasing an additional 1,130 shares during the period. CWM LLC lifted its stake in shares of Weave Communications by 1,125.6% during the 4th quarter. CWM LLC now owns 9,033 shares of the company’s stock valued at $69,000 after buying an additional 8,296 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Weave Communications by 119.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,683 shares of the company’s stock valued at $72,000 after buying an additional 4,731 shares in the last quarter. Finally, RPO LLC bought a new position in Weave Communications in the 4th quarter worth $81,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.
Key Headlines Impacting Weave Communications
Here are the key news stories impacting Weave Communications this week:
- Positive Sentiment: Francisco Partners has agreed to acquire Weave Communications in a transaction valued at approximately $650 million. The take-private deal offers investors a defined potential exit value and reduces uncertainty around the company’s standalone growth and profitability outlook. Weave Communications to be acquired by Francisco Partners for $650M
- Neutral Sentiment: Recent analyst activity has become less relevant to the stock’s long-term valuation because of the pending acquisition. Loop Capital and B. Riley Financial downgraded Weave to “hold,” while Piper Sandler also lowered its rating; B. Riley reportedly set a $7.40 price target. These actions suggest limited upside outside the transaction terms. Weave Communications Stock Rating Lowered by Piper Sandler
- Negative Sentiment: Shareholder law firms Ademi LLP and Halper Sadeh LLC are investigating whether Weave’s board obtained a fair price and whether insiders could receive benefits unavailable to ordinary shareholders. Such investigations may create legal and closing uncertainty, although they do not by themselves indicate that the transaction will fail. Shareholder Alert: Ademi LLP investigates whether Weave Communications is obtaining a fair price
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on WEAV
Weave Communications Price Performance
NYSE:WEAV opened at $7.31 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $584.80 million, a P/E ratio of -29.24 and a beta of 1.67. Weave Communications, Inc. has a 12 month low of $4.24 and a 12 month high of $8.11. The business’s 50-day moving average is $6.27 and its 200 day moving average is $5.67.
Weave Communications (NYSE:WEAV – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Weave Communications had a negative return on equity of 21.14% and a negative net margin of 7.97%.The business had revenue of $67.54 million during the quarter, compared to analysts’ expectations of $67.88 million. On average, equities research analysts forecast that Weave Communications, Inc. will post -0.22 earnings per share for the current fiscal year.
Weave Communications Profile
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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