Edmonds Duncan Registered Investment Advisors LLC Acquires Shares of 11,957 Weave Communications, Inc. (NYSE:WEAV)

Edmonds Duncan Registered Investment Advisors LLC bought a new stake in Weave Communications, Inc. (NYSE:WEAV) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,957 shares of the company’s stock, valued at approximately $137,000.

Several other hedge funds and other institutional investors have also bought and sold shares of WEAV. Vanguard Group Inc. boosted its stake in shares of Weave Communications by 37.9% in the third quarter. Vanguard Group Inc. now owns 2,942,793 shares of the company’s stock valued at $23,984,000 after buying an additional 808,248 shares during the period. Wasatch Advisors LP lifted its position in shares of Weave Communications by 17.9% during the 4th quarter. Wasatch Advisors LP now owns 2,172,373 shares of the company’s stock valued at $24,917,000 after acquiring an additional 330,422 shares during the period. Walleye Capital LLC grew its holdings 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. Alpha DNA Investment Management LLC acquired a new position in Weave Communications in the fourth quarter valued at about $590,000. Finally, Swiss National Bank bought a new stake in Weave Communications during the third quarter worth about $419,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Weave Communications Stock Performance

WEAV stock traded down $0.07 during mid-day trading on Tuesday, hitting $9.02. The stock had a trading volume of 30,411 shares, compared to its average volume of 420,105. The firm has a fifty day simple moving average of $9.13 and a 200 day simple moving average of $10.87. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.75 and a quick ratio of 1.75. Weave Communications, Inc. has a 52 week low of $6.67 and a 52 week high of $13.80.

Weave Communications (NYSE:WEAV) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.08). Weave Communications had a negative net margin of 17.06% and a negative return on equity of 31.74%. The firm had revenue of $47.17 million during the quarter, compared to the consensus estimate of $45.89 million. During the same period last year, the business earned ($0.12) earnings per share. On average, equities research analysts expect that Weave Communications, Inc. will post -0.39 EPS for the current fiscal year.

About Weave Communications

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.