Weave Communications (WEAV) Expected to Announce Quarterly Earnings on Thursday

Weave Communications (NYSE:WEAV - Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data after the market closes on Thursday, July 31st. Analysts expect the company to announce earnings of $0.00 per share and revenue of $57.81 million for the quarter. Weave Communications has set its FY 2025 guidance at EPS and its Q2 2025 guidance at EPS.

Weave Communications (NYSE:WEAV - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.12). Weave Communications had a negative net margin of 14.07% and a negative return on equity of 31.08%. The firm had revenue of $55.81 million for the quarter, compared to analysts' expectations of $54.72 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 Down 2.7%

Shares of NYSE WEAV traded down $0.22 during midday trading on Thursday, hitting $7.91. The company's stock had a trading volume of 784,557 shares, compared to its average volume of 1,016,535. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market capitalization of $594.97 million, a price-to-earnings ratio of -19.30 and a beta of 1.76. The business's fifty day simple moving average is $8.87 and its two-hundred day simple moving average is $11.47. Weave Communications has a 1 year low of $7.25 and a 1 year high of $17.63.

Insider Transactions at Weave Communications

In other Weave Communications news, CEO Brett T. White sold 54,051 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 transaction of $552,941.73. Following the transaction, the chief executive officer directly owned 2,086,384 shares of the company's stock, valued at $21,343,708.32. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Marcus Bertilson sold 11,409 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $8.53, for a total transaction of $97,318.77. Following the completion of the sale, the chief operating officer directly owned 352,093 shares of the company's stock, valued at $3,003,353.29. This trade represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 160,577 shares of company stock valued at $1,499,638 in the last ninety days. Company insiders own 18.40% of the company's stock.

Institutional Trading of Weave Communications

A hedge fund recently raised its stake in Weave Communications stock. Amundi raised its stake in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 27.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,301 shares of the company's stock after buying an additional 1,130 shares during the period. Amundi's holdings in Weave Communications were worth $59,000 as of its most recent SEC filing. Institutional investors and hedge funds own 86.83% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WEAV shares. Piper Sandler raised their target price on Weave Communications from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Stifel Nicolaus cut their target price on Weave Communications from $20.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Raymond James Financial lowered their target price on shares of 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. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average 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.