Weave Communications (WEAV) to Release Earnings on Thursday

Weave Communications (NYSE:WEAV) is projected to release its earnings data after the market closes on Thursday, February 20th. Analysts expect Weave Communications to post earnings of $0.03 per share and revenue of $53.23 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Weave Communications Stock Performance

Shares of Weave Communications stock opened at $17.39 on Tuesday. The stock has a market cap of $1.27 billion, a PE ratio of -43.46 and a beta of 1.91. The business has a fifty day simple moving average of $16.14 and a 200-day simple moving average of $13.72. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications has a 12 month low of $8.10 and a 12 month high of $17.58.

Analyst Upgrades and Downgrades

WEAV has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Piper Sandler raised their target price on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Loop Capital lifted their price objective on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $16.50.

Insider Activity at Weave Communications

In other Weave Communications news, insider Branden Neish sold 7,111 shares of Weave Communications stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $15.95, for a total transaction of $113,420.45. Following the sale, the insider now directly owns 512,122 shares of the company’s stock, valued at approximately $8,168,345.90. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Blake G. Modersitzki sold 10,029 shares of Weave Communications stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.12, for a total value of $141,609.48. Following the sale, the director now directly owns 281,926 shares in the company, valued at $3,980,795.12. The trade was a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,072,507 shares of company stock worth $16,387,138 over the last three months. Company insiders own 36.30% of the company’s stock.

Weave Communications Company Profile

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.