Key Points
- Tyler Newton sold 50,993 shares of Weave on Nov. 5 at an average price of $6.68 for about $340,633, cutting his position by roughly 50% to 50,992 shares.
- Weave reported a slight quarterly beat (EPS $0.02 vs. $0.01; revenue $61.34M) but remains unprofitable (net margin -14.32%, negative ROE) and is trading near its 52-week low with a market cap of about $494M; analysts expect roughly -0.33 EPS for the year.
- Analyst sentiment is mixed but tilted positive with a MarketBeat consensus of "Moderate Buy" and an average price target of $11.50, though several firms have recently lowered their targets.
Weave Communications, Inc. (NYSE:WEAV - Get Free Report) Director Tyler Newton sold 50,993 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $6.68, for a total transaction of $340,633.24. Following the sale, the director owned 50,992 shares in the company, valued at approximately $340,626.56. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Weave Communications Stock Down 3.7%
NYSE:WEAV opened at $6.42 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $7.10 and a 200-day moving average of $8.20. The firm has a market capitalization of $494.21 million, a PE ratio of -14.92 and a beta of 1.71. Weave Communications, Inc. has a 52 week low of $6.28 and a 52 week high of $17.63.
Weave Communications (NYSE:WEAV - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. The business had revenue of $61.34 million during the quarter, compared to analyst estimates of $60.67 million. Weave Communications had a negative return on equity of 43.15% and a negative net margin of 14.32%. Weave Communications has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Lane Generational LLC acquired a new position in shares of Weave Communications in the 2nd quarter worth $1,618,000. Rhumbline Advisers lifted its holdings in shares of Weave Communications by 9.1% during the first quarter. Rhumbline Advisers now owns 55,109 shares of the company's stock valued at $611,000 after purchasing an additional 4,594 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Weave Communications by 162.7% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 180,346 shares of the company's stock valued at $1,500,000 after purchasing an additional 111,687 shares during the period. Arizona State Retirement System boosted its position in shares of Weave Communications by 20.2% in the 1st quarter. Arizona State Retirement System now owns 12,524 shares of the company's stock valued at $139,000 after purchasing an additional 2,103 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in Weave Communications by 31.7% during the 1st quarter. Teacher Retirement System of Texas now owns 52,172 shares of the company's stock worth $579,000 after buying an additional 12,566 shares during the period. Institutional investors own 86.83% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently commented on WEAV. Citigroup lowered their price target 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, November 3rd. Stifel Nicolaus reduced their target price on shares of Weave Communications from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, October 31st. Weiss Ratings restated a "sell (e+)" rating on shares of Weave Communications in a research note on Tuesday, October 14th. Piper Sandler cut their price target on Weave Communications from $15.00 to $12.00 and set an "overweight" rating on the stock in a report on Friday, October 31st. Finally, Raymond James Financial decreased their price objective on Weave Communications from $17.00 to $15.00 and set a "strong-buy" rating for the company in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Weave Communications presently has a consensus rating of "Moderate Buy" and an average target price of $11.50.
Get Our Latest Stock Analysis on Weave Communications
About Weave Communications
(
Get Free Report)
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.
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