Quadrature Capital Ltd Decreases Stake in Weave Communications, Inc. (NYSE:WEAV)

Quadrature Capital Ltd reduced its stake in Weave Communications, Inc. (NYSE:WEAV) by 57.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,129 shares of the company’s stock after selling 65,650 shares during the period. Quadrature Capital Ltd owned about 0.07% of Weave Communications worth $552,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of WEAV. Tower Research Capital LLC TRC increased its stake in shares of Weave Communications by 153.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company’s stock valued at $46,000 after buying an additional 2,427 shares during the period. AJOVista LLC purchased a new position in shares of Weave Communications during the fourth quarter valued at approximately $67,000. Quest Partners LLC purchased a new position in shares of Weave Communications during the fourth quarter valued at approximately $77,000. O Shaughnessy Asset Management LLC increased its stake in shares of Weave Communications by 25.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 13,026 shares of the company’s stock valued at $106,000 after buying an additional 2,658 shares during the period. Finally, Numerai GP LLC purchased a new position in shares of Weave Communications during the third quarter valued at approximately $107,000. 86.83% of the stock is owned by hedge funds and other institutional investors.

Weave Communications Stock Up 2.8 %

NYSE WEAV opened at $8.94 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.75 and a current ratio of 1.75. Weave Communications, Inc. has a twelve month low of $6.67 and a twelve month high of $13.80. The stock’s 50 day moving average is $9.39 and its 200 day moving average is $10.93.

Weave Communications (NYSE:WEAV) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.08). Weave Communications had a negative net margin of 17.06% and a negative return on equity of 31.74%. The firm had revenue of $47.17 million for the quarter, compared to the consensus estimate of $45.89 million. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. On average, equities analysts predict that Weave Communications, Inc. will post -0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Raymond James raised Weave Communications from an “outperform” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.00.

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.