Weave Communications (NYSE:WEAV) Price Target Raised to $14.50 at The Goldman Sachs Group

Weave Communications (NYSE:WEAV) had its price target hoisted by The Goldman Sachs Group from $13.00 to $14.50 in a research note issued to investors on Friday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the stock. Loop Capital increased their target price on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Piper Sandler increased their target price on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $16.50.

Weave Communications Trading Down 0.8 %

WEAV opened at $13.01 on Friday. The firm’s fifty day moving average is $12.22 and its two-hundred day moving average is $10.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $934.29 million, a PE ratio of -32.53 and a beta of 2.08. Weave Communications has a twelve month low of $7.76 and a twelve month high of $14.34.

Insider Buying and Selling

In related news, CFO Alan Taylor sold 2,638 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $13.00, for a total transaction of $34,294.00. Following the sale, the chief financial officer now directly owns 421,847 shares in the company, valued at $5,484,011. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Weave Communications news, CFO Alan Taylor sold 2,638 shares of Weave Communications stock in a transaction on Monday, October 7th. The shares were sold at an average price of $13.00, for a total value of $34,294.00. Following the sale, the chief financial officer now directly owns 421,847 shares in the company, valued at approximately $5,484,011. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Blake G. Modersitzki sold 121,148 shares of Weave Communications stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $14.05, for a total transaction of $1,702,129.40. Following the completion of the sale, the director now owns 296,182 shares in the company, valued at $4,161,357.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 286,106 shares of company stock worth $3,811,470 over the last ninety days. Company insiders own 36.30% of the company’s stock.

Institutional Investors Weigh In On Weave Communications

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Silvercrest Asset Management Group LLC grew its position in shares of Weave Communications by 39.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 505,525 shares of the company’s stock valued at $5,803,000 after acquiring an additional 143,382 shares during the period. Renaissance Technologies LLC grew its position in shares of Weave Communications by 17.8% in the 2nd quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock valued at $5,353,000 after acquiring an additional 89,600 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Weave Communications in the 1st quarter valued at about $1,816,000. Bailard Inc. bought a new position in shares of Weave Communications in the 2nd quarter valued at about $851,000. Finally, AXA S.A. bought a new position in shares of Weave Communications in the 2nd quarter valued at about $11,590,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Weave Communications Company Profile

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.