Quantinno Capital Management LP Acquires 100,058 Shares of Weave Communications, Inc. $WEAV

Quantinno Capital Management LP grew its holdings in shares of Weave Communications, Inc. (NYSE:WEAV – Free Report) by 490.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 120,464 shares of the company’s stock after acquiring an additional 100,058 shares during the quarter. Quantinno Capital Management LP’s holdings in Weave Communications were worth $557,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WEAV. Y Intercept Hong Kong Ltd purchased a new stake in Weave Communications during the first quarter valued at approximately $1,709,000. Pale Fire Capital SE purchased a new position in shares of Weave Communications in the 1st quarter worth approximately $6,897,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Weave Communications by 897.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 364,240 shares of the company’s stock worth $1,683,000 after purchasing an additional 327,721 shares during the period. Huber Capital Management LLC increased its position in shares of Weave Communications by 48.1% during the 4th quarter. Huber Capital Management LLC now owns 887,472 shares of the company’s stock valued at $6,736,000 after purchasing an additional 288,424 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Weave Communications by 17.7% during the 1st quarter. Bank of New York Mellon Corp now owns 805,788 shares of the company’s stock valued at $3,723,000 after purchasing an additional 121,168 shares during the last quarter. Institutional investors own 86.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WEAV. Wall Street Zen upgraded Weave Communications from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Piper Sandler cut shares of Weave Communications from an “overweight” rating to a “hold” rating and cut their price objective for the company from $8.00 to $7.40 in a research report on Tuesday. Weiss Ratings reissued a “sell (e+)” rating on shares of Weave Communications in a research note on Wednesday, July 8th. B. Riley Financial lowered shares of Weave Communications from a “buy” rating to a “hold” rating and lowered their target price for the stock from $8.25 to $7.40 in a report on Wednesday. Finally, Loop Capital cut shares of Weave Communications from a “buy” rating to a “hold” rating and set a $7.40 price target for the company. in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.84.

View Our Latest Report on WEAV

Weave Communications Price Performance

Shares of WEAV stock opened at $7.31 on Friday. The stock has a 50 day moving average price of $6.27 and a 200 day moving average price of $5.67. Weave Communications, Inc. has a 52-week low of $4.24 and a 52-week high of $8.11. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $584.80 million, a P/E ratio of -29.24 and a beta of 1.67.

Weave Communications (NYSE:WEAV – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $67.54 million for the quarter, compared to the consensus estimate of $67.88 million. Weave Communications had a negative return on equity of 21.14% and a negative net margin of 7.97%. As a group, sell-side analysts predict that Weave Communications, Inc. will post -0.22 earnings per share for the current year.

Key Weave Communications News

Here are the key news stories impacting Weave Communications this week:

• Positive Sentiment: Francisco Partners has agreed to acquire Weave Communications in a transaction valued at approximately $650 million. The take-private deal offers investors a defined potential exit value and reduces uncertainty around the company’s standalone growth and profitability outlook. Weave Communications to be acquired by Francisco Partners for $650M
• Neutral Sentiment: Recent analyst activity has become less relevant to the stock’s long-term valuation because of the pending acquisition. Loop Capital and B. Riley Financial downgraded Weave to “hold,” while Piper Sandler also lowered its rating; B. Riley reportedly set a $7.40 price target. These actions suggest limited upside outside the transaction terms. Weave Communications Stock Rating Lowered by Piper Sandler
• Negative Sentiment: Shareholder law firms Ademi LLP and Halper Sadeh LLC are investigating whether Weave’s board obtained a fair price and whether insiders could receive benefits unavailable to ordinary shareholders. Such investigations may create legal and closing uncertainty, although they do not by themselves indicate that the transaction will fail. Shareholder Alert: Ademi LLP investigates whether Weave Communications is obtaining a fair price

About Weave Communications

(Free Report)

Weave Communications is a technology company that provides integrated communications and customer management solutions tailored for small- to medium-sized local businesses. Headquartered in Lehi, Utah, the company developed a cloud-based platform that unifies voice calling, business texting, appointment reminders and payment processing within a single interface.

The platform’s core offerings include a unified business phone system, two-way texting, automated appointment and recall reminders, secure payment acceptance and a basic customer relationship management module.

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