Weave Communications (NYSE:WEAV) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Weave Communications (NYSE:WEAV) released its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.12), Zacks reports. Weave Communications had a negative net margin of 14.64% and a negative return on equity of 28.01%. Weave Communications updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Weave Communications Stock Performance

NYSE:WEAV opened at $16.95 on Friday. Weave Communications has a twelve month low of $8.10 and a twelve month high of $17.63. The stock’s 50 day moving average price is $16.25 and its two-hundred day moving average price is $13.81. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

Analyst Upgrades and Downgrades

WEAV has been the topic of several research reports. Piper Sandler boosted their target price on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their target price on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Loop Capital boosted their target price on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Weave Communications presently has a consensus rating of “Buy” and a consensus price target of $16.50.

Insiders Place Their Bets

In related news, CFO Alan Taylor sold 4,182 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $16.03, for a total transaction of $67,037.46. Following the transaction, the chief financial officer now directly owns 283,516 shares of the company’s stock, valued at approximately $4,544,761.48. The trade was a 1.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Blake G. Modersitzki sold 74,756 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $17.49, for a total value of $1,307,482.44. Following the transaction, the director now directly owns 179,153 shares in the company, valued at $3,133,385.97. The trade was a 29.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,190,043 shares of company stock valued at $18,442,044 in the last 90 days. 36.30% of the stock is currently owned by insiders.

About Weave Communications

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.