CenterBook Partners LP decreased its stake in Weave Communications, Inc. (NYSE:WEAV – Free Report) by 31.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 725,939 shares of the company’s stock after selling 339,894 shares during the period. CenterBook Partners LP owned about 0.93% of Weave Communications worth $5,510,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Hilton Head Capital Partners LLC bought a new position in shares of Weave Communications in the 4th quarter worth $26,000. Amundi increased its holdings in shares of Weave Communications by 27.1% in the 1st quarter. Amundi now owns 5,301 shares of the company’s stock worth $59,000 after buying an additional 1,130 shares during the last quarter. AXQ Capital LP bought a new position in shares of Weave Communications in the 3rd quarter worth $67,000. CWM LLC increased its holdings in shares of 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 buying an additional 8,296 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Weave Communications by 119.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,683 shares of the company’s stock worth $72,000 after buying an additional 4,731 shares during the last quarter. Institutional investors own 86.83% of the company’s stock.
Weave Communications Price Performance
WEAV stock opened at $5.69 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.24 and a current ratio of 1.24. Weave Communications, Inc. has a 52 week low of $4.24 and a 52 week high of $10.04. The firm’s fifty day moving average is $5.32 and its 200 day moving average is $5.88. The firm has a market cap of $452.51 million, a P/E ratio of -18.34 and a beta of 1.69.
Analyst Ratings Changes
A number of brokerages have recently commented on WEAV. Stifel Nicolaus decreased their price target on shares of Weave Communications from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Piper Sandler decreased their price target on shares of Weave Communications from $12.00 to $8.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Weave Communications in a report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Weave Communications presently has a consensus rating of “Hold” and a consensus target price of $10.00.
Check Out Our Latest Report on WEAV
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.
Featured Articles
- Five stocks we like better than Weave Communications
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Want to see what other hedge funds are holding WEAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weave Communications, Inc. (NYSE:WEAV – Free Report).
Receive News & Ratings for Weave Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weave Communications and related companies with MarketBeat.com's FREE daily email newsletter.
