From MarketBeat:

Lord Abbett & Co. LLC increased its holdings in Weave Communications, Inc. by 142.9% in Q3, now owning 1,042,961 shares worth $8,500,000. Additional institutions, including Rhumbline Advisers, State Farm Mutual Automobile Insurance Co., Charles Schwab Investment Management Inc., Swiss National Bank, and New York State Common Retirement Fund, also bought shares, with 64.04% of Weave Communications held by institutional investors. (source: marketbeat.com)

Weave Communications stock rose by 0.5% with a trading volume of 221,154 shares, reaching $11.05 on Friday. Its 50-day simple moving average is $10.45, and its 200-day simple moving average is $9.68. The company has a 12-month low of $4.04 and a 12-month high of $12.45, with a debt-to-equity ratio of 0.20, quick ratio of 1.98, and current ratio of 1.98. (source: marketbeat.com)

Weave Communications reported ($0.10) EPS, outperforming analysts’ estimate of ($0.14) by $0.04. It had a negative return on equity of 34.30% and a negative net margin of 20.47%. Revenue was $43.54 million, compared to analyst estimates of $42.34 million. Analysts forecast -0.47 earnings per share for the current year. (source: marketbeat.com)

Piper Sandler upgraded the stock from “neutral” to “overweight” and raised their target price from $8.00 to $15.00. MarketBeat.com reports that the average rating for Weave Communications is “Moderate Buy” with an average price target of $13.00. (source: marketbeat.com)

In other news, Weave Communications’ CRO Matthew C. Hyde sold 6,983 shares at an average price of $7.03, totaling $49,090.49. The executive now owns 558,682 shares, with insiders owning 41.00% of the company’s stock. (source: marketbeat.com)

Weave Communications, Inc. provides a customer communications and engagement software platform in the US and Canada, catering to small and medium-sized businesses. (source: marketbeat.com)



Read more: Lord Abbett & CO. LLC Acquires 613,649 Shares of Weave Communications, Inc. (NYSE:WEAV)