TaoWeave (NASDAQ:TWAV) Announces Quarterly Earnings Results

TaoWeave (NASDAQ:TWAV) released its quarterly earnings results on Friday. The company reported ($1.00) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.62 million for the quarter. TaoWeave had a negative net margin of 187.17% and a negative return on equity of 62.63%.

TaoWeave Trading Down 1.5%

Shares of TWAV opened at $1.31 on Friday. The firm has a market cap of $4.21 million, a PE ratio of -0.77 and a beta of 3.29. TaoWeave has a 1-year low of $0.58 and a 1-year high of $5.50. The firm has a fifty day simple moving average of $1.33 and a two-hundred day simple moving average of $2.07.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TaoWeave in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of TaoWeave

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWAV. Renaissance Technologies LLC purchased a new stake in shares of TaoWeave in the 4th quarter worth $131,000. Boothbay Fund Management LLC purchased a new stake in TaoWeave during the 3rd quarter valued at approximately $120,000. Two Sigma Investments LP purchased a new stake in TaoWeave during the 3rd quarter valued at approximately $58,000. Citadel Advisors LLC bought a new stake in shares of TaoWeave during the third quarter valued at approximately $56,000. Finally, XTX Topco Ltd bought a new stake in shares of TaoWeave during the fourth quarter valued at approximately $30,000. 1.98% of the stock is owned by hedge funds and other institutional investors.

TaoWeave Company Profile

Oblong Inc, together with its subsidiaries, provides multi-stream collaboration technologies and managed services for video collaboration and network applications in the United States and internationally. The company operates in two segments, Collaboration Products and Managed Services. Its flagship product is Mezzanine that enables visual collaboration across multi-users, multi-screens, multi-devices, and multi-locations for video telepresence, laptop and application sharing, and whiteboard sharing and slides applications.