Silvercrest Asset Management Group LLC Grows Stake in Weave Communications, Inc. (NYSE:WEAV)

Silvercrest Asset Management Group LLC boosted its position in shares of Weave Communications, Inc. (NYSE:WEAV) by 39.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 505,525 shares of the company’s stock after purchasing an additional 143,382 shares during the quarter. Silvercrest Asset Management Group LLC owned approximately 0.71% of Weave Communications worth $5,803,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Federated Hermes Inc. raised its stake in shares of Weave Communications by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 462,704 shares of the company’s stock worth $5,307,000 after buying an additional 1,397 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of 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 purchasing an additional 2,415 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Weave Communications by 153.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company’s stock valued at $46,000 after purchasing an additional 2,427 shares during the last quarter. AJOVista LLC purchased a new position in shares of Weave Communications during the 4th quarter worth approximately $67,000. Finally, Quest Partners LLC acquired a new position in shares of Weave Communications during the 4th quarter worth approximately $77,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Weave Communications Price Performance

WEAV stock remained flat at $10.22 on Tuesday. The company had a trading volume of 112,816 shares, compared to its average volume of 400,903. The firm’s 50-day moving average price is $9.11 and its two-hundred day moving average price is $10.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.75 and a current ratio of 1.75. Weave Communications, Inc. has a 12-month low of $6.67 and a 12-month high of $13.80.

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