Bank of America Securities analyst Michael Funk reiterated a Buy rating on Weave Communications (WEAV – Research Report) yesterday and set a price target of $14.00. The company’s shares closed yesterday at $11.00.
According to TipRanks, Funk is an analyst with an average return of -4.0% and a 52.08% success rate. Funk covers the Technology sector, focusing on stocks such as Autodesk, Unity Software, and Kaltura.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Weave Communications with a $13.43 average price target, which is a 22.09% upside from current levels. In a report released yesterday, Loop Capital Markets also reiterated a Buy rating on the stock with a $15.00 price target.
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The company has a one-year high of $12.45 and a one-year low of $3.74. Currently, Weave Communications has an average volume of 816.7K.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WEAV in relation to earlier this year.
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Weave Communications Inc is a all-in-one customer communications and engagement software platform for small and medium-sized businesses.
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