Zurcher Kantonalbank Zurich Cantonalbank Takes Position in Weave Communications, Inc. (NYSE:WEAV)

Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Weave Communications, Inc. (NYSE:WEAV) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,215 shares of the company’s stock, valued at approximately $152,000.

Several other large investors have also recently added to or reduced their stakes in the business. New York State Common Retirement Fund grew its stake in shares of Weave Communications by 197.6% in the third quarter. New York State Common Retirement Fund now owns 8,268 shares of the company’s stock worth $67,000 after purchasing an additional 5,490 shares in the last quarter. SG Americas Securities LLC bought a new position in Weave Communications in the 3rd quarter valued at about $88,000. O Shaughnessy Asset Management LLC increased its stake in Weave Communications by 25.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 13,026 shares of the company’s stock valued at $106,000 after buying an additional 2,658 shares during the period. Numerai GP LLC bought a new stake in shares of Weave Communications during the 3rd quarter worth about $107,000. Finally, Barclays PLC lifted its stake in shares of Weave Communications by 189.2% in the 3rd quarter. Barclays PLC now owns 18,902 shares of the company’s stock worth $155,000 after acquiring an additional 12,367 shares during the period. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Weave Communications Stock Performance

Shares of NYSE WEAV opened at $9.01 on Thursday. Weave Communications, Inc. has a 52-week low of $5.49 and a 52-week high of $13.80. The stock has a market capitalization of $639.53 million, a price-to-earnings ratio of -20.95 and a beta of 2.23. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $11.27 and its 200 day simple moving average is $10.84.

Weave Communications (NYSE:WEAV) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.08). Weave Communications had a negative return on equity of 31.24% and a negative net margin of 17.06%. The company had revenue of $47.17 million during the quarter, compared to analysts’ expectations of $45.89 million. During the same period in the prior year, the business posted ($0.12) EPS. As a group, sell-side analysts forecast that Weave Communications, Inc. will post -0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WEAV. Piper Sandler reissued an “overweight” rating and set a $15.00 target price on shares of Weave Communications in a report on Thursday, February 22nd. Raymond James upgraded Weave Communications from an “outperform” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a report on Monday, February 26th. Finally, Stifel Nicolaus lifted their target price on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Weave Communications has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

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.