The Goldman Sachs Group Issues Positive Forecast for Weave Communications (NYSE:WEAV) Stock Price

Weave Communications (NYSE:WEAVFree Report) had its price target raised by The Goldman Sachs Group from $13.00 to $14.50 in a research report report published on Friday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

A number of other research firms have also weighed in on WEAV. Piper Sandler raised their target price on shares of Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday. Loop Capital raised their price target on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $16.50.

Read Our Latest Research Report on WEAV

Weave Communications Price Performance

Weave Communications stock traded down $0.90 during mid-day trading on Friday, hitting $13.12. The stock had a trading volume of 2,901,096 shares, compared to its average volume of 780,132. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. Weave Communications has a one year low of $7.76 and a one year high of $14.34. The firm’s 50 day moving average is $12.22 and its 200 day moving average is $10.52. The firm has a market capitalization of $942.15 million, a P/E ratio of -32.80 and a beta of 2.08.

Insider Activity at Weave Communications

In other news, COO Marcus Bertilson sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $10.67, for a total value of $160,050.00. Following the completion of the sale, the chief operating officer now directly owns 337,682 shares in the company, valued at $3,603,066.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Alan Taylor sold 13,295 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $11.03, for a total value of $146,643.85. Following the transaction, the chief financial officer now owns 475,941 shares of the company’s stock, valued at $5,249,629.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Marcus Bertilson sold 15,000 shares of Weave Communications stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $10.67, for a total transaction of $160,050.00. Following the completion of the sale, the chief operating officer now owns 337,682 shares of the company’s stock, valued at $3,603,066.94. This trade 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.

Institutional Trading of Weave Communications

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

About Weave Communications

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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.

Further Reading

Analyst Recommendations for Weave Communications (NYSE:WEAV)

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