Weave Communications, Inc. (NYSE:WEAV) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC raised its holdings in Weave Communications, Inc. (NYSE:WEAV) by 1.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 784,270 shares of the company’s stock after buying an additional 7,511 shares during the period. Acadian Asset Management LLC owned approximately 1.10% of Weave Communications worth $9,002,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Weave Communications by 37.9% in the third quarter. Vanguard Group Inc. now owns 2,942,793 shares of the company’s stock worth $23,984,000 after acquiring an additional 808,248 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Weave Communications by 17.9% during the 4th quarter. Wasatch Advisors LP now owns 2,172,373 shares of the company’s stock worth $24,917,000 after purchasing an additional 330,422 shares during the last quarter. Alpha DNA Investment Management LLC acquired a new position in shares of Weave Communications during the fourth quarter worth $590,000. Toth Financial Advisory Corp purchased a new position in Weave Communications in the fourth quarter valued at $563,000. Finally, Acuitas Investments LLC raised its stake in Weave Communications by 33.7% in the fourth quarter. Acuitas Investments LLC now owns 186,241 shares of the company’s stock valued at $2,136,000 after buying an additional 46,969 shares in the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

Weave Communications Stock Performance

Shares of NYSE:WEAV traded up $0.12 on Monday, hitting $9.94. 108,742 shares of the company’s stock were exchanged, compared to its average volume of 409,417. Weave Communications, Inc. has a 1-year low of $6.67 and a 1-year high of $13.80. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average is $8.98 and its 200 day moving average is $10.67.

Weave Communications (NYSE:WEAV) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.08). The business had revenue of $47.17 million during the quarter, compared to analyst estimates of $45.89 million. Weave Communications had a negative net margin of 17.06% and a negative return on equity of 31.74%. During the same period last year, the company earned ($0.12) earnings per share. On average, equities research analysts forecast that Weave Communications, Inc. will post -0.39 EPS for the current fiscal year.

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.