NYSE:WEAV

Weave Communications (WEAV) Stock Forecast, Price & News

$7.51

-0.24 (-3.10%)

(As of 02:03 PM ET)

Compare

Today's Range: $7.49
▼
$7.90
50-Day Range: $4.18
▼
$7.82
52-Week Range: $2.91
▼
$8.02

Volume: 365,520 shs
Average Volume: 290,248 shs
Market Capitalization: $501.07 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.67

Weave Communications MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 26.6% Downside
$5.67 Price Target
Short Interest: Healthy
1.25% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.79
Based on 4 Articles This Week
Insider Trading: Selling Shares
$41,646 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.54) to ($0.46) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.90 out of 5 stars

Computer And Technology Sector

428th out of 604 stocks

Prepackaged Software Industry

141st out of 217 stocks

1.2

Analyst's Opinion

Consensus Rating
Weave Communications has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.67, Weave Communications has a forecasted downside of 26.6% from its current price of $7.72.
Amount of Analyst Coverage
Weave Communications has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.25% of the float of Weave Communications has been sold short.
Short Interest Ratio / Days to Cover
Weave Communications has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Weave Communications has recently decreased by 19.58%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Weave Communications does not currently pay a dividend.
Dividend Growth
Weave Communications does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WEAV.

3.2

News and Social Media Coverage

News Sentiment
Weave Communications has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Weave Communications this week, compared to 2 articles on an average week.
Search Interest
Only 6 people have searched for WEAV on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
2 people have added Weave Communications to their MarketBeat watchlist in the last 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Weave Communications insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $41,646.00 in company stock.
Percentage Held by Insiders
41.00% of the stock of Weave Communications is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
63.69% of the stock of Weave Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Weave Communications are expected to grow in the coming year, from ($0.54) to ($0.46) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Weave Communications is -11.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Weave Communications is -11.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Weave Communications has a P/B Ratio of 6.43. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Weave Communications (NYSE:WEAV) Stock

Weave Communications, Inc. provides a customer communications and engagement software platform in the United States and Canada. Its platform enables small and medium-sized businesses to maximize the value of their customer interactions and minimize the time and effort spent on manual or mundane tasks. The company's products include Customized Phone System, a smarter phone system to identify whether incoming calls are from new or current customers, provide information at every call, and manages heavy call times; Weave Text Messaging to communicate with customers; Weave Missed Call Text to take action in real time upon notification of a missed call; Weave Team, a group messaging solution that helps businesses and their team members communicate with each other from their work stations; and Weave Mobile App to text customers, request payments, and receive and make calls. It also offers Weave Reviews to request, collect, monitor, and respond to reviews; Weave Email Marketing, an email system; Web Assistant Appointment Requests and Text Connect to interact with their existing and potential customers online directly through their websites; Weave Payments, a payment processing solution; Customer Insights to collect payments faster, improve personalized engagement with each customer, and recommend follow-up items; and Analytics to identify unscheduled treatments, canceled appointments, unpaid invoices, and other needs. In addition, the company provides Digital Forms to fill out critical information; and Scheduling to send automatic scheduling reminders through text message or email reminders. It serves customers in dental, optometry, veterinary, physical therapy, home services, audiology, medical specialty services, and podiatry industries. The company was formerly known as Recall Solutions, LLC and changed its name to Weave Communications, Inc. in October 2015. Weave Communications, Inc. was founded in 2008 and is headquartered in Lehi, Utah.

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WEAV Stock News Headlines

June 2, 2023 | americanbankingnews.com

Weave Communications (NYSE:WEAV) Trading Up 2.8%

June 1, 2023 | finance.yahoo.com

Are You Looking for a Top Momentum Pick? Why Weave Communications, Inc. (WEAV) is a Great Choice

June 2, 2023 | Edge On The Street (Ad)

The Graphite Shortage Story You're Not Being Told

Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.

May 31, 2023 | forbes.com

This CEO Found An Ingenious Way To Weave Corporate Values Throughout The Company

May 31, 2023 | finance.yahoo.com

5 High-Flying Small-Cap Tech Stocks With More Upside to Buy

May 24, 2023 | finance.yahoo.com

Weave Communications, Inc. (WEAV) Just Flashed Golden Cross Signal: Do You Buy?

May 24, 2023 | finance.yahoo.com

Bull Of The Day: Weave Communications (WEAV)

May 22, 2023 | msn.com

Weave Communications Guides To Lower Growth In 2023

June 2, 2023 | Edge On The Street (Ad)

Is Graphite the New Lithium?

Did you know that graphite (NOT lithium) is the largest component of lithium batteries used for EV's? Unfortunately, there are no graphite-producing mines in North America today. This leaves the U.S. at the mercy of China for our vital graphite supply.

May 17, 2023 | finance.yahoo.com

Weave Launches Online Bill Pay, Enabling Healthcare Providers to Collect Revenue Faster

May 15, 2023 | finance.yahoo.com

Weave Communications (NYSE:WEAV) delivers shareholders decent 35% return over 1 year, surging 18% in the last week alone

May 15, 2023 | msn.com

Elliott dodges and weaves his way to third at Darlington

May 13, 2023 | finance.yahoo.com

In Accordance with NYSE Rule 303A.08, this Press Release Makes Public the Grant of an Employment Inducement Award to Weave Communications’ New Chief Strategy & Services Officer

May 11, 2023 | finance.yahoo.com

Weave Named One of Utah’s Top Companies Championing Women

May 10, 2023 | forbes.com

Why AI Will Never Fully Replace Humans In 19 Agency Service Areas

May 10, 2023 | americanbankingnews.com

Weave Communications, Inc. (NYSE:WEAV) Insider Erin Goodsell Sells 2,500 Shares of Stock

May 10, 2023 | americanbankingnews.com

Weave Communications, Inc. (NYSE:WEAV) CRO Matthew C. Hyde Sells 5,353 Shares of Stock

May 7, 2023 | seekingalpha.com

Weave Communications, Inc. 2023 Q1 - Results - Earnings Call Presentation

May 5, 2023 | americanbankingnews.com

Weave Communications (NYSE:WEAV) Raised to Outperform at Raymond James

May 4, 2023 | finance.yahoo.com

Q1 2023 Weave Communications Inc Earnings Call

May 4, 2023 | msn.com

Raymond James Upgrades Weave Communications (WEAV)

May 4, 2023 | msn.com

Piper Sandler Reiterates Weave Communications (WEAV) Neutral Recommendation

May 3, 2023 | msn.com

Recap: Weave Communications Q1 Earnings

May 3, 2023 | finance.yahoo.com

Weave Communications, Inc. (WEAV) Reports Q1 Loss, Tops Revenue Estimates

May 3, 2023 | finance.yahoo.com

Weave Communications Announces First Quarter 2023 Financial Results

May 2, 2023 | markets.businessinsider.com

Weave Communications earnings: here's what Wall Street expects

May 2, 2023 | finance.yahoo.com

Weave Launches AI-Driven Review Response Tool for Healthcare Providers

See More Headlines

WEAV Price History

30 days | 90 days | 365 days | Advanced Chart

WEAV Company Calendar

Today: 6/02/2023
Next Earnings (Estimated): 8/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:WEAV
CUSIP: N/A
CIK: 1609151
Web: www.getweave.com
Phone: 866-439-2826
Fax: N/A
Employees: 889
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $5.67
High Stock Price Forecast: $6.00
Low Stock Price Forecast: $5.00
Forecasted Upside/Downside: -26.9%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.67)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-49,740,000.00
Net Margins: -29.49%
Pretax Margin: -29.42%
Return on Equity: -51.25%
Return on Assets: -20.70%

Debt

Debt-to-Equity Ratio: 0.20
Current Ratio: 2.05
Quick Ratio: 2.05

Sales & Book Value

Annual Sales: $142.12 million
Price / Sales: 3.64
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.20 per share
Price / Book: 6.46

Miscellaneous

Outstanding Shares: 66,720,000
Free Float: 39,365,000
Market Cap: $517.08 million
Optionable: Not Optionable
Beta: 1.70

Key Executives

Mr. Brett T. White (Age 59)
CEO & Director
Comp: $7.02k

Mr. Matthew C. Hyde (Age 41)
Chief Revenue Officer
Comp: $315.25k

Mr. Alan Taylor (Age 60)
Chief Financial Officer

Ms. Wendy Harper (Age 44)
Chief Legal Officer & Corp. Sec.
Comp: $515.52k

Mr. Ashish Chaudhary (Age 44)
Chief Technology Officer

Ms. Erin Goodsell
Chief Legal Officer

Kali Geldis
Director of Communications

Mr. Chris Baird
Chief Marketing Officer

Ms. Brooke Shreeve
Chief People Officer

Branden Neish
Chief Product Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WEAV Stock - Frequently Asked Questions

Should I buy or sell Weave Communications stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Weave Communications in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WEAV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WEAV, but not buy additional shares or sell existing shares.
View WEAV analyst ratings or view top-rated stocks.
What is Weave Communications' stock price forecast for 2023?: 3 Wall Street research analysts have issued twelve-month price targets for Weave Communications' shares. Their WEAV share price forecasts range from $5.00 to $6.00. On average, they anticipate the company's stock price to reach $5.67 in the next year. This suggests that the stock has a possible downside of 26.9%.
View analysts price targets for WEAV or view top-rated stocks among Wall Street analysts.
How have WEAV shares performed in 2023?: Weave Communications' stock was trading at $4.58 on January 1st, 2023. Since then, WEAV stock has increased by 69.2% and is now trading at $7.75.
View the best growth stocks for 2023 here.
Are investors shorting Weave Communications?: Weave Communications saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 427,200 shares, a decrease of 19.6% from the April 30th total of 531,200 shares. Based on an average daily volume of 315,500 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.3% of the shares of the company are sold short.
View Weave Communications' Short Interest.
When is Weave Communications' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our WEAV earnings forecast.
What guidance has Weave Communications issued on next quarter's earnings?: Weave Communications updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $39.50 million-$40.50 million, compared to the consensus revenue estimate of $38.61 million.

When did Weave Communications IPO?: (WEAV) raised $132 million in an initial public offering on Thursday, November 11th 2021. The company issued 5,000,000 shares at $25.00-$28.00 per share.
What is Weave Communications' stock symbol?: Weave Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "WEAV."
Who are Weave Communications' major shareholders?: Weave Communications' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (4.31%), BlackRock Inc. (2.62%), State Street Corp (1.03%), Scoggin Management LP (0.88%), Geode Capital Management LLC (0.78%) and Acuitas Investments LLC (0.43%). Insiders that own company stock include Alan Taylor, Blake G Modersitzki, Erin Goodsell, Matthew C Hyde and Tiger Global Management Llc.
View institutional ownership trends.
How do I buy shares of Weave Communications?: Shares of WEAV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Weave Communications' stock price today?: One share of WEAV stock can currently be purchased for approximately $7.75.
How much money does Weave Communications make?: Weave Communications (NYSE:WEAV) has a market capitalization of $517.08 million and generates $142.12 million in revenue each year. The company earns $-49,740,000.00 in net income (profit) each year or ($0.67) on an earnings per share basis.
How many employees does Weave Communications have?: The company employs 889 workers across the globe.
How can I contact Weave Communications?: The official website for the company is www.getweave.com. The company can be reached via phone at 866-439-2826 or via email at ir@getweave.com.

This page (NYSE:WEAV) was last updated on 6/2/2023 by MarketBeat.com Staff

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