369,969 Shares in Weave Communications, Inc. $WEAV Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Weave Communications, Inc. (NYSE:WEAV) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 369,969 shares of the company’s stock, valued at approximately $1,709,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WEAV. Hilton Head Capital Partners LLC acquired a new stake in Weave Communications in the fourth quarter valued at approximately $26,000. Amundi increased its holdings in shares of Weave Communications by 27.1% during the first quarter. Amundi now owns 5,301 shares of the company’s stock worth $59,000 after buying an additional 1,130 shares in the last quarter. CWM LLC increased its holdings in shares of Weave Communications by 1,125.6% during the fourth quarter. CWM LLC now owns 9,033 shares of the company’s stock worth $69,000 after buying an additional 8,296 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Weave Communications by 119.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,683 shares of the company’s stock valued at $72,000 after acquiring an additional 4,731 shares during the last quarter. Finally, RPO LLC bought a new position in shares of Weave Communications in the 4th quarter valued at $81,000. Institutional investors own 86.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Weave Communications in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Weave Communications presently has an average rating of “Hold” and an average target price of $10.00.

Weave Communications Trading Up 0.4%

Shares of NYSE WEAV opened at $6.78 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.24 and a current ratio of 1.24. Weave Communications, Inc. has a 52-week low of $4.24 and a 52-week high of $8.72. The firm has a 50 day moving average price of $5.75 and a two-hundred day moving average price of $5.78. The stock has a market cap of $539.09 million, a P/E ratio of -21.85 and a beta of 1.68.

Weave Communications (NYSE:WEAV) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Weave Communications had a negative net margin of 10.05% and a negative return on equity of 26.46%. The company had revenue of $65.50 million for the quarter, compared to analyst estimates of $64.57 million. As a group, equities analysts forecast that Weave Communications, Inc. will post -0.27 EPS for the current year.

Weave Communications Profile

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.