Weave Communications (WEAV) to Release Earnings on Thursday

Weave Communications (NYSE:WEAV) is expected to post its quarterly earnings results 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

Weave Communications Stock Performance

WEAV stock opened at $17.39 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The company has a 50 day moving average price of $16.14 and a 200 day moving average price of $13.72. Weave Communications has a fifty-two week low of $8.10 and a fifty-two week high of $17.58. The stock has a market capitalization of $1.27 billion, a PE ratio of -43.46 and a beta of 1.91.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Loop Capital boosted their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Piper Sandler boosted their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price objective on shares of Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. One 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $16.50.

Insider Buying and Selling at Weave Communications

In related news, CFO Alan Taylor sold 44,245 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $15.98, for a total value of $707,035.10. Following the completion of the sale, the chief financial officer now owns 301,734 shares in the company, valued at $4,821,709.32. This represents a 12.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Blake G. Modersitzki sold 10,029 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.12, for a total transaction of $141,609.48. Following the completion of the sale, the director now owns 281,926 shares of the company’s stock, valued at approximately $3,980,795.12. This represents a 3.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,072,507 shares of company stock worth $16,387,138. Insiders own 36.30% of the company’s stock.

About Weave Communications

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.