Weave Communications (NYSE:WEAV) Issues Earnings Results

Weave Communications (NYSE:WEAV) announced its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.12), Zacks reports. The company had revenue of $54.17 million for the quarter, compared to analysts’ expectations of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. Weave Communications updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Weave Communications Price Performance

Weave Communications stock opened at $14.26 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $16.23 and a 200-day moving average of $13.84. Weave Communications has a 52 week low of $8.10 and a 52 week high of $17.63.

Insider Activity

In other Weave Communications news, CFO Alan Taylor sold 44,245 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $15.98, for a total value of $707,035.10. Following the sale, the chief financial officer now directly owns 301,734 shares in the company, valued at approximately $4,821,709.32. This trade represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Blake G. Modersitzki sold 74,756 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $17.49, for a total value of $1,307,482.44. Following the completion of the sale, the director now owns 179,153 shares in the company, valued at $3,133,385.97. The trade was a 29.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,190,043 shares of company stock worth $18,442,044. 36.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on WEAV. Loop Capital increased their target price on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. Raymond James reaffirmed a “strong-buy” rating and issued a $20.00 price objective (up previously from $17.00) on shares of Weave Communications in a research report on Friday. Finally, Piper Sandler increased their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Weave Communications presently has an average rating of “Buy” and an average price target of $17.50.

Weave Communications Company 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.