New York State Common Retirement Fund purchased a new position in shares of Weave Communications, Inc. (NYSE:WEAV – Get Rating) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,041 shares of the company’s stock, valued at approximately $30,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Rockefeller Capital Management L.P. acquired a new stake in shares of Weave Communications during the 4th quarter worth approximately $45,000. Advisor Group Holdings Inc. acquired a new stake in Weave Communications in the 4th quarter valued at approximately $83,000. M&T Bank Corp acquired a new stake in Weave Communications in the 4th quarter valued at approximately $264,000. Ghisallo Capital Management LLC acquired a new stake in Weave Communications in the 4th quarter valued at approximately $380,000. Finally, Alpha Paradigm Partners LLC acquired a new stake in Weave Communications in the 4th quarter valued at approximately $489,000. Institutional investors and hedge funds own 56.45% of the company’s stock.
Analysts Set New Price Targets
WEAV has been the subject of several research reports. Loop Capital downgraded shares of Weave Communications from a “buy” rating to a “hold” rating and dropped their target price for the company from $12.00 to $5.00 in a report on Thursday, August 4th. Piper Sandler lifted their target price on shares of Weave Communications from $4.00 to $6.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Weave Communications has an average rating of “Moderate Buy” and an average target price of $14.00.
Weave Communications Stock Performance
Shares of WEAV stock opened at $5.74 on Tuesday. The stock has a market capitalization of $373.25 million and a PE ratio of -3.17. The firm has a 50 day moving average of $4.41 and a two-hundred day moving average of $5.61. Weave Communications, Inc. has a 52 week low of $2.91 and a 52 week high of $22.40. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.18.
About Weave Communications
Weave Communications, Inc provides a customer communications and engagement software platform in the United States and Canada. Its platform enables small and medium-sized businesses to maximize the value of their customer interactions and minimize the time and effort spent on manual or mundane tasks.
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