Should I buy or sell Weave Communications stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Weave Communications in the last year. There are currently 3 hold ratings and 2 buy ratings 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 target for 2024?

5 equities research analysts have issued 1 year price objectives for Weave Communications' stock. Their WEAV share price targets range from $8.00 to $14.00. On average, they predict the company's share price to reach $11.83 in the next twelve months. This suggests a possible upside of 17.6% from the stock's current price. 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 at the beginning of 2023. Since then, WEAV shares have increased by 119.7% and is now trading at $10.06. View the best growth stocks for 2023 here .

When is Weave Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024. View our WEAV earnings forecast .

How were Weave Communications' earnings last quarter?

Weave Communications, Inc. (NYSE:WEAV) announced its quarterly earnings data on Wednesday, November, 1st. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.04. The company earned $43.54 million during the quarter, compared to analysts' expectations of $42.34 million. Weave Communications had a negative net margin of 20.47% and a negative trailing twelve-month return on equity of 34.30%.

What ETF holds Weave Communications' stock ?

AdvisorShares Dorsey Wright Micro-Cap ETF holds 3,132 shares of WEAV stock, representing 0.68% of its portfolio.

When did Weave Communications IPO?

(WEAV) raised $132 million in an initial public offering (IPO) on Thursday, November 11th 2021. The company issued 5,000,000 shares at $25.00-$28.00 per share.

Who are Weave Communications' major shareholders?

Weave Communications' stock is owned by many different institutional and retail investors. Top institutional shareholders include Morgan Stanley (3.04%), Lord Abbett & CO. LLC (1.50%), Bank of New York Mellon Corp (1.39%), Acadian Asset Management LLC (1.15%), Federated Hermes Inc. (0.66%) and Charles Schwab Investment Management Inc. (0.46%). Insiders that own company stock include Alan Taylor, Bessemer Venture Partners Ix L, 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 .

Weave Communications Stock Price, News & Analysis (NYSE:WEAV)

$10.06

+0.50 (+5.23%)

(As of 12/8/2023 ET)

Compare

Today's Range: $9.44
▼
$10.12
50-Day Range: $6.70
▼
$10.06
52-Week Range: $4.02
▼
$12.45

Volume: 539,736 shs
Average Volume: 433,515 shs
Market Capitalization: $698.91 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $11.83

Weave Communications MarketRank™ Stock Analysis

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 17.6% Upside
$11.83 Price Target
Short Interest: Healthy
2.23% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.53
Based on 3 Articles This Week
Insider Trading: Selling Shares
$104,815 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.47) to ($0.39) Per Share

Overall MarketRank^™

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

2.11 out of 5 stars

Computer And Technology Sector

304th out of 594 stocks

Prepackaged Software Industry

70th out of 163 stocks

2.2

Analyst's Opinion

Consensus Rating
Weave Communications has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $11.83, Weave Communications has a forecasted upside of 17.6% from its current price of $10.06.
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
2.23% 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 2.5, 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 10.12%, 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.

2.0

News and Social Media Coverage

News Sentiment
Weave Communications has a news sentiment score of 0.53. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Weave Communications this week, compared to 3 articles on an average week.
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 $104,815.00 in company stock.
Percentage Held by Insiders
41.86% 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
64.04% 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 ($0.47) to ($0.39) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Weave Communications is -20.53, 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 -20.53, 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 7.92. 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 Stock (NYSE:WEAV)

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; 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. In addition, the company provides Digital Forms to fill out critical information; Insurance Verification that provides patient insurance plan details; 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.

WEAV Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WEAV Stock News Headlines

December 6, 2023 | finance.yahoo.com

Weave Integrates with Blue by Dolphin

December 6, 2023 | americanbankingnews.com

Weave Communications (NYSE:WEAV) Shares Up 0.8%

December 8, 2023 | Autonomix (Ad)

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December 5, 2023 | finance.yahoo.com

Weave’s Second Annual User Conference Sessions Now Available on Demand

November 29, 2023 | tmcnet.com

Unifying Dimensions: The Role of Cross-Platform Apps in Integrating Online and Offline Experiences

November 29, 2023 | finance.yahoo.com

Weave Now Integrates with Dentrix Ascend

November 24, 2023 | finance.yahoo.com

How Much Upside is Left in Weave Communications, Inc. (WEAV)? Wall Street Analysts Think 32.24%

November 19, 2023 | finance.yahoo.com

A Look At The Intrinsic Value Of Weave Communications, Inc. (NYSE:WEAV)

December 8, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 13, 2023 | seekingalpha.com

Weave Communications Is A Very Cheap SaaS Company With Accelerating Revenue Growth And A Resilient Customer Base

November 9, 2023 | finance.yahoo.com

Weave Ranked a Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™

November 8, 2023 | finance.yahoo.com

Wall Street Analysts See a 45.22% Upside in Weave Communications, Inc. (WEAV): Can the Stock Really Move This High?

November 7, 2023 | finance.yahoo.com

Zacks Industry Outlook Highlights Frontier Communications and Weave Communications

November 6, 2023 | finance.yahoo.com

2 Network Software Stocks to Watch From a Challenging Industry

November 3, 2023 | markets.businessinsider.com

Balanced View on Weave Communications: Strong 3Q23 Results Amid Concerns Over Retention Rates and Tough Macro Environment

November 2, 2023 | finance.yahoo.com

Weave Communications, Inc. (NYSE:WEAV) Q3 2023 Earnings Call Transcript

November 2, 2023 | finance.yahoo.com

Q3 2023 Weave Communications Inc Earnings Call

November 1, 2023 | seekingalpha.com

Weave Communications, Inc. 2023 Q3 - Results - Earnings Call Presentation

November 1, 2023 | msn.com

Weave Communications Non-GAAP EPS of -$0.01 beats by $0.05, revenue of $43.5M beats by $1.18M

November 1, 2023 | finance.yahoo.com

Weave Announces Third Quarter 2023 Financial Results

November 1, 2023 | finance.yahoo.com

Weave Communications Inc (WEAV) Reports 20.2% YoY Revenue Growth in Q3 2023

November 1, 2023 | markets.businessinsider.com

Here's what Wall Street expects from Weave Communications's earnings

October 30, 2023 | finance.yahoo.com

WEAV Nov 2023 8.000 call

October 30, 2023 | finance.yahoo.com

Weave Introduces AI-Driven Voicemail Transcriptions for Healthcare Providers

October 29, 2023 | msn.com

One Of The Oldest And Largest Black-Owned Ad Firms, Burrell Communications Group, Has Been Acquired

October 26, 2023 | msn.com

Weave Communications, Inc. (WEAV) Stock Moves -0.73%: What You Should Know

October 25, 2023 | benzinga.com

Weave Communications Stock (NYSE:WEAV), Analyst Ratings, Price Targets, Predictions

See More Headlines

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Company Calendar

Last Earnings: 11/01/2023
Today: 12/08/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/28/2024

Get Stock Alerts

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: 806
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $11.83
High Stock Price Target: $14.00
Low Stock Price Target: $8.00
Potential Upside/Downside: +17.6%
Consensus Rating: Hold
Rating Score (0-4): 2.40
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.49)
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: -20.47%
Pretax Margin: -20.37%
Return on Equity: -34.30%
Return on Assets: -13.23%

Debt

Debt-to-Equity Ratio: 0.20
Current Ratio: 1.98
Quick Ratio: 1.98

Sales & Book Value

Annual Sales: $162.46 million
Price / Sales: 4.30
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.27 per share
Price / Book: 7.92

Miscellaneous

Outstanding Shares: 69,474,000
Free Float: 40,392,000
Market Cap: $698.91 million
Optionable: Not Optionable
Beta: 2.31

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Key Executives

Mr. Brett T. White (Age 60)
CEO & Director
Comp: $735.36k
Ms. Erin Goodsell (Age 42)
Chief Legal Officer & Corporate Secretary
Comp: $462.6k
Mr. Matthew C. Hyde (Age 42)
Chief Revenue Officer
Comp: $470.1k
Mr. Alan Taylor (Age 61)
Chief Financial Officer
Comp: $341.18k
Mr. Branden Neish (Age 47)
Chief Product & Technology Officer
Mr. Mark McReynolds
Head of Investor Relations
Kali Geldis
Director of Communications
Mr. Chris Baird
Chief Marketing Officer
Mr. Jake Kuresa
Vice President of Sales
Ms. Brooke Shreeve
Chief People Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WEAV Stock Analysis - Frequently Asked Questions

Should I buy or sell Weave Communications stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Weave Communications in the last year. There are currently 3 hold ratings and 2 buy ratings 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 target for 2024?: 5 equities research analysts have issued 1 year price objectives for Weave Communications' stock. Their WEAV share price targets range from $8.00 to $14.00. On average, they predict the company's share price to reach $11.83 in the next twelve months. This suggests a possible upside of 17.6% from the stock's current price.
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 at the beginning of 2023. Since then, WEAV shares have increased by 119.7% and is now trading at $10.06.
View the best growth stocks for 2023 here.
When is Weave Communications' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our WEAV earnings forecast.
How were Weave Communications' earnings last quarter?: Weave Communications, Inc. (NYSE:WEAV) announced its quarterly earnings data on Wednesday, November, 1st. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.04. The company earned $43.54 million during the quarter, compared to analysts' expectations of $42.34 million. Weave Communications had a negative net margin of 20.47% and a negative trailing twelve-month return on equity of 34.30%.

What ETF holds Weave Communications' stock ?: AdvisorShares Dorsey Wright Micro-Cap ETF holds 3,132 shares of WEAV stock, representing 0.68% of its portfolio.
When did Weave Communications IPO?: (WEAV) raised $132 million in an initial public offering (IPO) on Thursday, November 11th 2021. The company issued 5,000,000 shares at $25.00-$28.00 per share.
Who are Weave Communications' major shareholders?: Weave Communications' stock is owned by many different institutional and retail investors. Top institutional shareholders include Morgan Stanley (3.04%), Lord Abbett & CO. LLC (1.50%), Bank of New York Mellon Corp (1.39%), Acadian Asset Management LLC (1.15%), Federated Hermes Inc. (0.66%) and Charles Schwab Investment Management Inc. (0.46%). Insiders that own company stock include Alan Taylor, Bessemer Venture Partners Ix L, 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.

This page (NYSE:WEAV) was last updated on 12/8/2023 by MarketBeat.com Staff

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