Weave Communications (NYSE:WEAV) Director Tyler Newton Sells 50,993 Shares

Weave Communications, Inc. (NYSE:WEAV) Director Tyler Newton sold 50,993 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $6.68, for a total value of $340,633.24. Following the transaction, the director directly owned 50,992 shares in the company, valued at $340,626.56. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Weave Communications Trading Down 3.7%

WEAV stock traded down $0.25 during midday trading on Friday, reaching $6.42. The stock had a trading volume of 1,280,670 shares, compared to its average volume of 1,000,755. The firm has a market cap of $494.19 million, a price-to-earnings ratio of -14.92 and a beta of 1.71. Weave Communications, Inc. has a twelve month low of $6.28 and a twelve month high of $17.63. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $7.13 and a two-hundred day simple moving average of $8.21.

Weave Communications (NYSE:WEAV) last issued its earnings results on Thursday, October 30th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Weave Communications had a negative net margin of 14.32% and a negative return on equity of 43.15%. The company had revenue of $61.34 million for the quarter, compared to analyst estimates of $60.67 million. Weave Communications has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WEAV has been the subject of several recent research reports. Citigroup dropped their target price on shares of Weave Communications from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Weave Communications in a report on Tuesday, October 14th. Raymond James Financial reduced their target price on Weave Communications from $17.00 to $15.00 and set a “strong-buy” rating on the stock in a report on Friday, August 1st. Stifel Nicolaus lowered their price target on Weave Communications from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Piper Sandler decreased their price objective on shares of Weave Communications from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Weave Communications has a consensus rating of “Moderate Buy” and a consensus price target of $11.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Frontier Capital Management Co. LLC bought a new stake in Weave Communications in the 2nd quarter valued at $16,915,000. Nuveen LLC bought a new position in Weave Communications during the 1st quarter worth about $8,720,000. Thrivent Financial for Lutherans raised its stake in shares of Weave Communications by 158.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,133,532 shares of the company’s stock valued at $7,572,000 after purchasing an additional 694,935 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Weave Communications by 474.5% in the first quarter. Bank of New York Mellon Corp now owns 570,810 shares of the company’s stock valued at $6,330,000 after purchasing an additional 471,446 shares in the last quarter. Finally, CenterBook Partners LP boosted its position in shares of Weave Communications by 232.4% during the second quarter. CenterBook Partners LP now owns 670,007 shares of the company’s stock worth $5,574,000 after buying an additional 468,420 shares during the period. Institutional investors and hedge funds own 86.83% of the company’s stock.

About Weave Communications

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.