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

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

Weave Communications Trading Down 0.3 %

Shares of NYSE WEAV traded down $0.03 during midday trading on Friday, reaching $10.44. 858,414 shares of the stock were exchanged, compared to its average volume of 727,657. The stock has a 50 day moving average price of $10.53 and a 200-day moving average price of $13.48. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $781.96 million, a P/E ratio of -26.77 and a beta of 1.97. Weave Communications has a 52-week low of $8.18 and a 52-week high of $17.63.

Analyst Upgrades and Downgrades

WEAV has been the subject of a number of research reports. Raymond James reduced their price target on shares of Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 29th. Piper Sandler boosted their price objective on shares of Weave Communications from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Stifel Nicolaus cut their target price on shares of Weave Communications from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $16.10.

Insider Buying and Selling

In other Weave Communications news, CEO Brett T. White sold 54,051 shares of the business's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $10.23, for a total transaction of $552,941.73. Following the completion of the sale, the chief executive officer now owns 2,086,384 shares of the company's stock, valued at approximately $21,343,708.32. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Blake G. Modersitzki sold 6,230 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $17.45, for a total value of $108,713.50. Following the sale, the director now owns 188,042 shares of the company's stock, valued at $3,281,332.90. This represents a 3.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 443,780 shares of company stock worth $5,685,893. 18.40% of the stock is owned by insiders.

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.