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

Weave Communications (NYSE:WEAV) had its price objective increased by The Goldman Sachs Group from $13.00 to $14.50 in a research note released on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

WEAV has been the topic of a number of other reports. Piper Sandler raised their price target on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday. Loop Capital increased their price objective on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $16.50.

Weave Communications Stock Performance

WEAV traded down $0.90 during trading hours on Friday, hitting $13.12. 2,901,096 shares of the stock were exchanged, compared to its average volume of 780,132. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64. Weave Communications has a 12 month low of $7.76 and a 12 month high of $14.34. The stock has a 50-day simple moving average of $12.22 and a 200-day simple moving average of $10.52. The stock has a market cap of $942.15 million, a price-to-earnings ratio of -32.80 and a beta of 2.08.

Insider Activity at Weave Communications

In related news, CFO Alan Taylor sold 3,560 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $10.39, for a total transaction of $36,988.40. Following the completion of the transaction, the chief financial officer now owns 525,555 shares in the company, valued at $5,460,516.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Weave Communications news, CFO Alan Taylor sold 3,560 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $10.39, for a total transaction of $36,988.40. Following the transaction, the chief financial officer now owns 525,555 shares of the company’s stock, valued at approximately $5,460,516.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Blake G. Modersitzki sold 15,718 shares of Weave Communications stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $13.49, for a total transaction of $212,035.82. Following the sale, the director now owns 303,935 shares of the company’s stock, valued at approximately $4,100,083.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 156,248 shares of company stock worth $1,986,355. 36.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Weave Communications

A number of large investors have recently bought and sold shares of WEAV. nVerses Capital LLC acquired a new position in shares of Weave Communications in the third quarter valued at $45,000. Private Management Group Inc. bought a new position in Weave Communications during the 2nd quarter worth $90,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 purchasing an additional 3,228 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Weave Communications during the 2nd quarter worth approximately $98,000. Finally, US Bancorp DE bought a new position in shares of Weave Communications in the 3rd quarter valued at $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.