Weave Communications (WEAV) Expected to Post Quarterly Earnings on Monday

Weave Communications (NYSE:WEAV - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Monday, May 5th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $54.72 million for the quarter. Weave Communications has set its Q1 2025 guidance at EPS and its FY 2025 guidance at EPS.

Weave Communications (NYSE:WEAV - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.12). Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. The company had revenue of $54.17 million for the quarter, compared to the consensus estimate of $53.23 million. On average, analysts expect Weave Communications to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Weave Communications Stock Performance

Shares of WEAV stock traded up $0.09 during trading on Friday, reaching $10.77. The company had a trading volume of 551,107 shares, compared to its average volume of 724,242. The firm's 50 day simple moving average is $10.74 and its two-hundred day simple moving average is $13.59. Weave Communications has a one year low of $8.10 and a one year high of $17.63. 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 market capitalization of $806.67 million, a PE ratio of -27.62 and a beta of 1.97.

Insider Activity at Weave Communications

In other news, CEO Brett T. White sold 54,051 shares of Weave Communications stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $10.23, for a total transaction of $552,941.73. Following the sale, the chief executive officer now directly owns 2,086,384 shares in the company, valued at approximately $21,343,708.32. The trade was a 2.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Branden Neish sold 20,232 shares of Weave Communications stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $10.23, for a total value of $206,973.36. Following the sale, the insider now directly owns 526,011 shares in the company, valued at $5,381,092.53. The trade was a 3.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 449,265 shares of company stock worth $5,781,607. 18.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WEAV shares. Raymond James decreased their price objective on shares of Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating for the company in a report on Tuesday. Stifel Nicolaus dropped their price objective on Weave Communications from $20.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Piper Sandler lowered their target price on Weave Communications from $17.00 to $14.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $15.90.

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.