Weave Communications, Inc. (NYSE:WEAV) Stake Cut by Wasatch Advisors LP

Wasatch Advisors LP reduced its holdings in Weave Communications, Inc. (NYSE:WEAV) by 10.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,955,404 shares of the company’s stock after selling 216,969 shares during the period. Wasatch Advisors LP owned about 2.75% of Weave Communications worth $22,448,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Walleye Capital LLC raised its stake in shares of Weave Communications by 856.3% during the 3rd quarter. Walleye Capital LLC now owns 167,240 shares of the company’s stock worth $1,363,000 after purchasing an additional 149,752 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Weave Communications by 37.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,942,793 shares of the company’s stock worth $23,984,000 after purchasing an additional 808,248 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Weave Communications during the 4th quarter worth about $448,000. O Shaughnessy Asset Management LLC raised its stake in shares of Weave Communications by 25.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 13,026 shares of the company’s stock worth $106,000 after purchasing an additional 2,658 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Weave Communications during the 4th quarter worth about $152,000. 86.83% of the stock is owned by hedge funds and other institutional investors.

Weave Communications Stock Up 0.2 %

WEAV opened at $9.11 on Wednesday. Weave Communications, Inc. has a fifty-two week low of $6.67 and a fifty-two week high of $13.80. The business has a 50-day moving average of $9.09 and a 200-day moving average of $10.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market capitalization of $647.93 million, a PE ratio of -21.19 and a beta of 2.07.

Weave Communications (NYSE:WEAV) last posted 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). The firm had revenue of $47.17 million for the quarter, compared to analysts’ expectations of $45.89 million. Weave Communications had a negative return on equity of 31.74% and a negative net margin of 17.06%. During the same period last year, the business earned ($0.12) earnings per share. Equities research analysts forecast that Weave Communications, Inc. will post -0.39 EPS for the current fiscal year.

Weave Communications 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.