Gamco Investors INC. ET AL Acquires New Position in Weave Communications, Inc. (NYSE:WEAV)

Gamco Investors INC. ET AL bought a new position in Weave Communications, Inc. (NYSE:WEAV - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 38,200 shares of the company's stock, valued at approximately $608,000. Gamco Investors INC. ET AL owned approximately 0.05% of Weave Communications as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Amundi acquired a new position in Weave Communications in the 4th quarter worth approximately $66,000. Summit Investment Advisors Inc. increased its stake in shares of Weave Communications by 28.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company's stock worth $66,000 after acquiring an additional 928 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Weave Communications during the fourth quarter worth $131,000. US Bancorp DE lifted its position in Weave Communications by 8.4% during the fourth quarter. US Bancorp DE now owns 9,053 shares of the company's stock valued at $144,000 after purchasing an additional 703 shares during the period. Finally, Cerity Partners LLC purchased a new stake in Weave Communications in the fourth quarter valued at $159,000. Hedge funds and other institutional investors own 86.83% of the company's stock.

Analyst Ratings Changes

WEAV has been the subject of several analyst reports. Piper Sandler decreased their price objective on Weave Communications from $17.00 to $14.00 and set an "overweight" rating for the company in a report on Wednesday. Raymond James reissued a "strong-buy" rating and issued a $20.00 price target (up from $17.00) on shares of Weave Communications in a report on Friday, February 21st. Finally, Stifel Nicolaus dropped their price objective on shares of Weave Communications from $20.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $16.50.

Weave Communications Price Performance

Shares of WEAV stock traded up $0.58 during trading hours on Thursday, hitting $9.98. 366,648 shares of the company's stock were exchanged, compared to its average volume of 723,672. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.63. The firm has a market cap of $747.50 million, a P/E ratio of -25.59 and a beta of 1.97. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $11.45 and a two-hundred day moving average of $13.72.

Weave Communications (NYSE:WEAV - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.12). Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. The company had revenue of $54.17 million for the quarter, compared to analyst estimates of $53.23 million. Sell-side analysts forecast that Weave Communications, Inc. will post -0.33 EPS for the current year.

Insiders Place Their Bets

In other Weave Communications news, CFO Alan Taylor sold 31,262 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $11.16, for a total value of $348,883.92. Following the transaction, the chief financial officer now directly owns 247,484 shares of the company's stock, valued at $2,761,921.44. This trade represents a 11.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brett T. White sold 109,722 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.26, for a total value of $1,235,469.72. Following the completion of the sale, the chief executive officer now owns 1,790,435 shares of the company's stock, valued at $20,160,298.10. This trade represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 596,528 shares of company stock worth $8,630,675. Corporate insiders own 36.30% of the company's stock.

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.