Key Points
- CRO Joseph David McNeil sold 25,000 shares of Weave on March 6 at an average price of $5.53 for $138,250, leaving him with 505,721 shares (a 4.71% reduction valued at about $2.8M).
- Weave reported Q4 EPS of $0.03, meeting estimates with $63.4M in revenue, but the company still shows a negative net margin (-11.74%) and negative ROE (-33.06%), and analysts forecast -0.33 EPS for the current fiscal year.
- Analyst sentiment is mixed with an average rating of "Hold" and a $10 consensus target; the stock trades around $5.42 (market cap ~$426M) and institutional investors own about 86.8% of shares.
Weave Communications, Inc. (NYSE:WEAV - Get Free Report) CRO Joseph David Mcneil sold 25,000 shares of Weave Communications stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $5.53, for a total transaction of $138,250.00. Following the sale, the executive owned 505,721 shares in the company, valued at $2,796,637.13. This represents a 4.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Weave Communications Trading Down 2.6%
NYSE WEAV opened at $5.42 on Tuesday. The stock has a market cap of $425.89 million, a P/E ratio of -15.04 and a beta of 1.73. The company's fifty day simple moving average is $6.30 and its 200-day simple moving average is $6.70. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.08. Weave Communications, Inc. has a 52 week low of $4.84 and a 52 week high of $12.19.
Weave Communications (NYSE:WEAV - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.03 earnings per share for the quarter, meeting analysts' consensus estimates of $0.03. Weave Communications had a negative net margin of 11.74% and a negative return on equity of 33.06%. The business had revenue of $63.40 million during the quarter, compared to analyst estimates of $63.19 million. Equities research analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Wasatch Advisors LP grew its position in shares of Weave Communications by 16.3% in the 3rd quarter. Wasatch Advisors LP now owns 6,098,592 shares of the company's stock worth $40,739,000 after acquiring an additional 855,253 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Weave Communications by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,465,810 shares of the company's stock valued at $36,512,000 after acquiring an additional 179,693 shares in the last quarter. Gumshoe Capital Management LLC bought a new position in Weave Communications during the fourth quarter worth $22,705,000. State Street Corp boosted its holdings in Weave Communications by 26.8% in the fourth quarter. State Street Corp now owns 2,172,391 shares of the company's stock worth $16,488,000 after purchasing an additional 459,547 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new position in Weave Communications in the second quarter worth $16,915,000. Institutional investors own 86.83% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on Weave Communications from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, February 20th. Weiss Ratings reissued a "sell (d-)" rating on shares of Weave Communications in a report on Monday, December 29th. Piper Sandler dropped their price objective on Weave Communications from $12.00 to $8.00 and set an "overweight" rating on the stock in a report on Friday, February 20th. Finally, Raymond James Financial lowered Weave Communications from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $10.00.
Read Our Latest Report on Weave Communications
About Weave Communications
(
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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