Weave Communications (NYSE:WEAV) Given New $18.00 Price Target at Loop Capital

Weave Communications (NYSE:WEAV) had its price target raised by Loop Capital from $15.00 to $18.00 in a report issued on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Piper Sandler lifted their target price on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday.

Weave Communications Trading Down 7.4 %

Shares of NYSE:WEAV traded down $1.04 during trading hours on Thursday, hitting $12.98. 772,787 shares of the company’s stock traded hands, compared to its average volume of 453,165. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64. The business has a fifty day moving average price of $12.10 and a 200-day moving average price of $10.48. Weave Communications has a 1 year low of $7.76 and a 1 year high of $14.34. The firm has a market capitalization of $932.09 million, a P/E ratio of -31.50 and a beta of 2.10.

Insider Transactions at Weave Communications

In other news, Director Blake G. Modersitzki sold 51,332 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $13.51, for a total transaction of $693,495.32. Following the transaction, the director now owns 306,852 shares in the company, valued at $4,145,570.52. This represents 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 this hyperlink. In other news, Director Blake G. Modersitzki sold 51,332 shares of the company’s stock in a transaction 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 sale, the director now directly owns 306,852 shares of the company’s stock, valued at $4,145,570.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alan Taylor sold 24,499 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $12.58, for a total value of $308,197.42. Following the completion of the transaction, the chief financial officer now directly owns 451,442 shares of the company’s stock, valued at approximately $5,679,140.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 156,248 shares of company stock valued at $1,986,355 in the last quarter. 36.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Weave Communications

A number of institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new position in shares of Weave Communications in the third quarter worth about $45,000. Private Management Group Inc. acquired a new stake in shares of Weave Communications in the second quarter valued at approximately $90,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Weave Communications by 48.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after buying an additional 3,228 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Weave Communications in the 2nd quarter valued at $98,000. Finally, US Bancorp DE purchased a new position in shares of Weave Communications during the 3rd quarter worth $107,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

About Weave Communications

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.