Weave Communications (NYSE:WEAV) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Weave Communications (NYSE:WEAV) issued its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.12), Zacks reports. Weave Communications had a negative net margin of 14.64% and a negative return on equity of 28.01%. Weave Communications updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Weave Communications Trading Down 0.5 %

Shares of WEAV stock traded down $0.09 on Thursday, hitting $16.95. The company had a trading volume of 848,148 shares, compared to its average volume of 799,019. The firm has a market cap of $1.23 billion, a P/E ratio of -42.36 and a beta of 1.91. The stock’s 50-day moving average is $16.22 and its two-hundred day moving average is $13.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. Weave Communications has a twelve month low of $8.10 and a twelve month high of $17.63.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Loop Capital boosted their price objective on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Piper Sandler boosted their price objective on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $16.50.

Insider Activity

In related news, Director Blake G. Modersitzki sold 5,485 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $17.45, for a total transaction of $95,713.25. Following the sale, the director now owns 188,441 shares in the company, valued at $3,288,295.45. This represents a 2.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alan Taylor sold 44,245 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $15.98, for a total value of $707,035.10. Following the sale, the chief financial officer now owns 301,734 shares in the company, valued at approximately $4,821,709.32. The trade was a 12.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,190,043 shares of company stock valued at $18,442,044. 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.