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

Weave Communications (NYSE:WEAV - Get Free Report) issued its earnings results on Monday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.12), Zacks reports. The company had revenue of $55.81 million during the quarter, compared to analyst estimates of $54.72 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. Weave Communications updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Weave Communications Stock Performance

Shares of NYSE:WEAV traded up $0.44 during trading on Thursday, hitting $10.57. 440,733 shares of the stock were exchanged, compared to its average volume of 722,629. The company's fifty day simple moving average is $10.59 and its 200-day simple moving average is $13.52. Weave Communications has a 1-year low of $8.18 and a 1-year high of $17.63. The company has a market capitalization of $791.69 million, a price-to-earnings ratio of -27.10 and a beta of 1.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59.

Insider Transactions at Weave Communications

In other news, CEO Brett T. White sold 109,722 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.26, for a total transaction of $1,235,469.72. Following the sale, the chief executive officer now owns 1,790,435 shares of the company's stock, valued at $20,160,298.10. This trade represents a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Blake G. Modersitzki sold 5,485 shares of Weave Communications stock in a transaction on Friday, February 7th. The shares were sold at an average price of $17.45, for a total transaction of $95,713.25. Following the completion of the sale, the director now owns 188,441 shares in the company, valued at $3,288,295.45. The trade was a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 449,265 shares of company stock valued at $5,781,607. Corporate insiders own 18.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WEAV. Piper Sandler upped their target price on shares of Weave Communications from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday. Raymond James decreased their target price on Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Stifel Nicolaus reduced their price objective on shares of Weave Communications from $20.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. One 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 stock. According to data from MarketBeat.com, Weave Communications presently has an average rating of "Buy" and a consensus price target of $16.10.

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.