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

Weave Communications (NYSE:WEAV - Get Free Report) had its price objective increased by analysts at The Goldman Sachs Group from $13.00 to $14.50 in a research note issued on Friday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. The Goldman Sachs Group's price objective points to a potential upside of 10.48% from the company's previous close.

A number of other research analysts have also weighed in on the company. Loop Capital upped their price objective on Weave Communications from $15.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday. Piper Sandler increased their target price on shares of Weave Communications from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $16.50.

Weave Communications Stock Performance

NYSE:WEAV traded down $0.89 during mid-day trading on Friday, reaching $13.13. The stock had a trading volume of 2,901,093 shares, compared to its average volume of 464,116. 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 business has a 50 day simple moving average of $12.17 and a 200 day simple moving average of $10.51. Weave Communications has a twelve month low of $7.76 and a twelve month high of $14.34. The firm has a market capitalization of $942.51 million, a price-to-earnings ratio of -33.10 and a beta of 2.10.

Insider Transactions at Weave Communications

In other news, CFO Alan Taylor sold 3,560 shares of the business's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $10.39, for a total value of $36,988.40. Following the completion of the transaction, the chief financial officer now directly owns 525,555 shares of the company's stock, valued at $5,460,516.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 shares were sold at an average price of $13.51, for a total value of $693,495.32. Following the completion of the sale, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Alan Taylor sold 3,560 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $10.39, for a total value of $36,988.40. Following the transaction, the chief financial officer now directly owns 525,555 shares in the company, valued at approximately $5,460,516.45. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,248 shares of company stock valued at $1,986,355 in the last ninety days. Corporate insiders own 36.30% of the company's stock.

Institutional Investors Weigh In On Weave Communications

Several hedge funds have recently modified their holdings of the stock. Summit Global Investments purchased a new stake in shares of Weave Communications during the 3rd quarter worth about $460,000. Principal Financial Group Inc. lifted its position in Weave Communications by 139.0% during the third quarter. Principal Financial Group Inc. now owns 89,768 shares of the company's stock valued at $1,149,000 after buying an additional 52,210 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Weave Communications during the third quarter worth approximately $1,904,000. US Bancorp DE acquired a new stake in shares of Weave Communications in the third quarter worth $107,000. Finally, Raymond James & Associates raised its stake in shares of Weave Communications by 66.8% in the 3rd quarter. Raymond James & Associates now owns 233,534 shares of the company's stock valued at $2,989,000 after acquiring an additional 93,519 shares during the period. 86.83% of the stock is 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.