Weave Communications (NYSE:WEAV) Price Target Raised to $18.00 at Loop Capital

Weave Communications (NYSE:WEAV - Get Free Report) had its target price lifted by research analysts at Loop Capital from $15.00 to $18.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a "buy" rating on the stock. Loop Capital's target price suggests a potential upside of 27.66% from the company's current price.

Separately, Piper Sandler increased their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday.

Weave Communications Trading Up 2.2 %

Weave Communications stock traded up $0.31 during trading on Thursday, hitting $14.10. The company's stock had a trading volume of 2,811,472 shares, compared to its average volume of 448,738. Weave Communications has a 1-year low of $6.89 and a 1-year high of $14.34. The stock's fifty day moving average is $12.10 and its 200 day moving average is $10.48. 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 stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -34.00 and a beta of 2.10.

Insider Buying and Selling at Weave Communications

In other Weave Communications news, Director Blake G. Modersitzki sold 51,332 shares of Weave Communications stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $13.51, for a total transaction of $693,495.32. Following the sale, the director now directly owns 306,852 shares in the company, valued at $4,145,570.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Weave Communications news, Director Blake G. Modersitzki sold 15,718 shares of the company's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $13.49, for a total transaction of $212,035.82. Following the sale, the director now owns 303,935 shares in the company, valued at $4,100,083.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Blake G. Modersitzki sold 51,332 shares of Weave Communications stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $13.51, for a total value of $693,495.32. Following the completion of the transaction, the director now owns 306,852 shares of the company's stock, valued at approximately $4,145,570.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 155,848 shares of company stock valued at $1,980,871 in the last ninety days. Insiders own 36.30% of the company's stock.

Hedge Funds Weigh In On Weave Communications

Large investors have recently added to or reduced their stakes in the company. AXA S.A. bought a new position in shares of Weave Communications in the 2nd quarter worth about $11,590,000. Vanguard Group Inc. lifted its holdings in shares of Weave Communications by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company's stock worth $38,374,000 after purchasing an additional 312,392 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Weave Communications during the 1st quarter valued at approximately $1,816,000. Harbor Capital Advisors Inc. bought a new position in Weave Communications during the 3rd quarter worth $1,904,000. Finally, Silvercrest Asset Management Group LLC increased its position in Weave Communications by 39.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 505,525 shares of the company's stock worth $5,803,000 after buying an additional 143,382 shares during the period. 86.83% of the stock is currently owned by institutional investors.

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.

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