Key Points
- Insider sale: Director Erin Goodsell sold 9,615 shares of Weave on Dec. 22 at an average price of $6.89 for proceeds of $66,247, a 1.79% reduction in her holding, disclosed in an SEC filing.
- Stock and fundamentals: WEAV opened at $6.89 (12‑month range $5.64–$17.63) with a market cap of ~$537M, a negative PE (-16.02) and negative net margin (-14.32%), and analysts forecast ~-0.33 EPS for the current fiscal year.
- Mixed analyst view: Ratings range from Strong Buy to Sell, consensus is a "Moderate Buy" with an average price target of $11.50, though several firms have recently lowered targets (e.g., Piper Sandler to $12, Stifel to $11, Citi to $8).
Weave Communications, Inc. (NYSE:WEAV - Get Free Report) insider Erin Goodsell sold 9,615 shares of Weave Communications stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $6.89, for a total transaction of $66,247.35. Following the transaction, the insider owned 527,055 shares of the company's stock, valued at approximately $3,631,408.95. The trade was a 1.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Weave Communications Stock Down 1.2%
Shares of NYSE WEAV opened at $6.89 on Wednesday. The firm's 50-day moving average is $6.56 and its two-hundred day moving average is $7.34. The company has a market capitalization of $537.39 million, a PE ratio of -16.02 and a beta of 1.72. Weave Communications, Inc. has a 12-month low of $5.64 and a 12-month high of $17.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.24 and a quick ratio of 1.24.
Weave Communications (NYSE:WEAV - Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $61.34 million during the quarter, compared to the consensus estimate of $60.67 million. Weave Communications had a negative return on equity of 42.10% and a negative net margin of 14.32%. Equities analysts anticipate that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. grew its holdings in Weave Communications by 43.7% in the second quarter. Ameritas Investment Partners Inc. now owns 5,955 shares of the company's stock valued at $50,000 after purchasing an additional 1,812 shares during the period. Amundi grew its stake in shares of Weave Communications by 27.1% during the 1st quarter. Amundi now owns 5,301 shares of the company's stock valued at $59,000 after buying an additional 1,130 shares during the period. AXQ Capital LP acquired a new stake in shares of Weave Communications during the 3rd quarter worth $67,000. Tower Research Capital LLC TRC raised its position in shares of Weave Communications by 119.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,683 shares of the company's stock worth $72,000 after buying an additional 4,731 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new position in Weave Communications in the second quarter valued at $83,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
WEAV has been the topic of a number of analyst reports. Piper Sandler dropped their price objective on Weave Communications from $15.00 to $12.00 and set an "overweight" rating for the company in a research report on Friday, October 31st. Stifel Nicolaus decreased their price target on shares of Weave Communications from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday, October 31st. Weiss Ratings reissued a "sell (d-)" rating on shares of Weave Communications in a research report on Monday. Finally, Citigroup decreased their target price on shares of Weave Communications from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, November 3rd. 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 given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $11.50.
Get Our Latest Report on WEAV
Weave Communications Company Profile
(
Get Free Report)
Weave Communications is a technology company that provides integrated communications and customer management solutions tailored for small- to medium-sized local businesses. Headquartered in Lehi, Utah, the company developed a cloud-based platform that unifies voice calling, business texting, appointment reminders and payment processing within a single interface.
The platform's core offerings include a unified business phone system, two-way texting, automated appointment and recall reminders, secure payment acceptance and a basic customer relationship management module.
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