Weave Communications (WEAV) to Release Quarterly Earnings on Thursday

Weave Communications (NYSE:WEAV - Get Free Report) will likely be releasing its Q2 2025 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 posted its earnings results on Monday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $55.81 million during 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 2.2%

WEAV traded down $0.17 on Friday, hitting $7.73. The company had a trading volume of 587,767 shares, compared to its average volume of 990,520. The stock has a fifty day moving average price of $8.75 and a 200-day moving average price of $11.33. Weave Communications has a 12-month low of $7.25 and a 12-month high of $17.63. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market capitalization of $581.07 million, a price-to-earnings ratio of -18.85 and a beta of 1.76.

Analyst Ratings Changes

WEAV has been the topic of a number of research analyst reports. Piper Sandler boosted their price target on Weave Communications from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Raymond James Financial dropped their price target on Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 29th. Finally, Stifel Nicolaus dropped their price target 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. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Weave Communications presently has a consensus rating of "Buy" and an average target price of $16.10.

Insider Activity at Weave Communications

In other Weave Communications news, COO Marcus Bertilson sold 11,409 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $8.53, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Joseph David Mcneil sold 14,302 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $8.53, for a total value of $121,996.06. Following the transaction, the executive owned 409,060 shares of the company's stock, valued at approximately $3,489,281.80. This represents a 3.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 160,577 shares of company stock worth $1,499,638 over the last 90 days. Corporate insiders own 18.40% of the company's stock.

Hedge Funds Weigh In On Weave Communications

An institutional investor recently raised its position in Weave Communications stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 6.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,918 shares of the company's stock after purchasing an additional 1,457 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Weave Communications were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 86.83% of the stock is owned by institutional investors and hedge funds.

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.