Shares of Weave Communications, Inc. (NYSE: WEAV – Get Rating) have been assigned an average rating of “Moderate Buy” by the ten brokerages that currently cover the company, Marketbeat reports. Five equity research analysts gave the stock a hold rating and five gave the company a buy rating. The average 1-year target price among brokerages that have reported on the stock in the past year is $13.00.

A number of analysts have recently released reports on the stock. Piper Sandler raised her price target on Weave Communications shares from $4.00 to $6.00 and gave the stock a “neutral” rating in a Thursday, Aug. 4, research note. Loop Capital downgraded Weave Communications shares from a “buy” rating to a “hold” rating and reduced its target price for the company from $12.00 to $5.00 in a Thursday, Aug. 4, research note. .

Weave Communications Price Performance

WEAV stock opened at $5.85 on Wednesday. The stock’s 50-day moving average is $4.70 and its two-hundred-day moving average is $5.41. Weave Communications has a 52-week low of $2.91 and a 52-week high of $22.40. The company has a market capitalization of $380.40 million and a PE ratio of -3.23. The company has a quick ratio of 2.20, a current ratio of 2.20 and a leverage ratio of 0.18.

Institutional investors weigh in on Weave Communications

Large investors have recently increased or reduced their stakes in the stock. Deer Management Co. LLC acquired a new stake in Weave Communications stock in Q4 for a value of approximately $114,862,000. Deerfield Management Company LP Series C acquired a new equity stake in Weave Communications in the fourth quarter worth approximately $8,418,000. HBK Investments LP purchased a new stake in Weave Communications stock during the fourth quarter valued at approximately $1,518,000. Rockefeller Capital Management LP acquired a new stock position in Weave Communications during the fourth quarter worth approximately $45,000. Finally, Alpha Paradigm Partners LLC acquired a new stake in Weave Communications in Q4 valued at approximately $489,000. 59.24% of the shares are held by institutional investors and hedge funds.

About Weave Communications

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Weave Communications, Inc provides a communications and customer engagement software platform in the United States and Canada. Its platform enables small and medium-sized businesses to maximize the value of their customer interactions and minimize the time and effort spent on manual or mundane tasks.

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