Acuitas Investments LLC Has $1.87 Million Position in Weave Communications, Inc. (NYSE:WEAV)

Acuitas Investments LLC grew its holdings in Weave Communications, Inc. (NYSE:WEAV) by 54.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 207,489 shares of the company’s stock after buying an additional 73,075 shares during the quarter. Acuitas Investments LLC owned 0.29% of Weave Communications worth $1,872,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WEAV. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Weave Communications in the 4th quarter valued at $152,000. New York State Common Retirement Fund boosted its position in Weave Communications by 29.2% in the fourth quarter. New York State Common Retirement Fund now owns 10,683 shares of the company’s stock valued at $123,000 after buying an additional 2,415 shares in the last quarter. Swiss National Bank grew its stake in Weave Communications by 16.5% during the fourth quarter. Swiss National Bank now owns 59,900 shares of the company’s stock worth $687,000 after buying an additional 8,500 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Weave Communications in the fourth quarter worth $448,000. Finally, Quest Partners LLC acquired a new stake in Weave Communications in the 4th quarter valued at about $77,000. 86.83% of the stock is owned by institutional investors.

Weave Communications Stock Performance

Weave Communications stock opened at $10.73 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 12-month low of $6.67 and a 12-month high of $13.80. The business’s 50-day moving average price is $10.23 and its two-hundred day moving average price is $10.34.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price target on shares of Weave Communications from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st.

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.