Gamco Investors INC. ET AL Purchases New Holdings in Weave Communications, Inc. (NYSE:WEAV)

Gamco Investors INC. ET AL acquired a new position in Weave Communications, Inc. (NYSE:WEAV) in the 4th quarter, HoldingsChannel reports. The fund acquired 38,200 shares of the company’s stock, valued at approximately $608,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Weave Communications by 23.5% in the 4th quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company’s stock worth $72,220,000 after buying an additional 863,547 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Weave Communications by 202.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,650,760 shares of the company’s stock worth $26,280,000 after acquiring an additional 1,105,728 shares during the period. Pathway Capital Management LP increased its position in shares of Weave Communications by 136.3% during the fourth quarter. Pathway Capital Management LP now owns 1,349,365 shares of the company’s stock worth $21,482,000 after acquiring an additional 778,413 shares during the period. State Street Corp raised its stake in shares of Weave Communications by 19.5% during the third quarter. State Street Corp now owns 950,683 shares of the company’s stock valued at $12,169,000 after acquiring an additional 155,054 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Weave Communications in the fourth quarter valued at approximately $14,984,000. Institutional investors own 86.83% of the company’s stock.

Insider Buying and Selling at Weave Communications

In other Weave Communications news, Director Blake G. Modersitzki sold 74,756 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $17.49, for a total value of $1,307,482.44. Following the completion of the sale, the director now directly owns 179,153 shares in the company, valued at $3,133,385.97. This trade represents a 29.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Branden Neish sold 20,741 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $15.86, for a total value of $328,952.26. Following the transaction, the insider now directly owns 491,381 shares in the company, valued at approximately $7,793,302.66. The trade was a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 596,528 shares of company stock worth $8,630,675 over the last quarter. Insiders own 36.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James reaffirmed a “strong-buy” rating and set a $20.00 target price (up from $17.00) on shares of Weave Communications in a research report on Friday, February 21st.

Weave Communications Price Performance

Shares of WEAV opened at $9.31 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The company has a 50 day moving average price of $11.94 and a 200-day moving average price of $13.80. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.63. The stock has a market capitalization of $696.94 million, a PE ratio of -23.86 and a beta of 1.97.

Weave Communications (NYSE:WEAV) last posted its earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. The company had revenue of $54.17 million for the quarter, compared to analysts’ expectations of $53.23 million. Equities analysts predict that Weave Communications, Inc. will post -0.33 earnings per share 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.