FNY Investment Advisers LLC Sells 141,876 Shares of Weave Communications, Inc. $WEAV

FNY Investment Advisers LLC trimmed its position in Weave Communications, Inc. (NYSE:WEAV) by 91.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,600 shares of the company’s stock after selling 141,876 shares during the quarter. FNY Investment Advisers LLC’s holdings in Weave Communications were worth $75,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new stake in Weave Communications in the 4th quarter worth approximately $26,000. Optiver Holding B.V. grew its position in shares of Weave Communications by 1,201.2% during the 1st quarter. Optiver Holding B.V. now owns 7,339 shares of the company’s stock valued at $34,000 after purchasing an additional 6,775 shares in the last quarter. Amundi grew its position in shares of Weave Communications by 27.1% during the 1st quarter. Amundi now owns 5,301 shares of the company’s stock valued at $59,000 after purchasing an additional 1,130 shares in the last quarter. CWM LLC increased its holdings in shares of Weave Communications by 1,125.6% in the fourth quarter. CWM LLC now owns 9,033 shares of the company’s stock worth $69,000 after purchasing an additional 8,296 shares during the period. Finally, Caerus Investment Advisors LLC bought a new position in shares of Weave Communications in the first quarter worth $70,000. 86.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Weave Communications in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Weave Communications presently has an average rating of “Hold” and a consensus price target of $8.33.

Weave Communications Stock Performance

NYSE WEAV opened at $5.33 on Friday. 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 0.08, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $423.71 million, a P/E ratio of -21.30 and a beta of 1.67. The company has a fifty day moving average of $6.24 and a 200-day moving average of $5.73.

Weave Communications (NYSE:WEAV) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $67.54 million during the quarter, compared to analysts’ expectations of $67.88 million. Weave Communications had a negative return on equity of 21.37% and a negative net margin of 7.97%. As a group, equities research analysts predict that Weave Communications, Inc. will post -0.27 EPS for the current fiscal year.

About Weave Communications

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.