Weave Communications (WEAV) Projected to Post Quarterly Earnings on Thursday

Weave Communications (NYSE:WEAV) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $53.23 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Weave Communications Stock Down 0.4 %

WEAV stock opened at $17.32 on Wednesday. The stock’s 50 day simple moving average is $16.19 and its 200 day simple moving average is $13.77. Weave Communications has a fifty-two week low of $8.10 and a fifty-two week high of $17.63. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market cap of $1.26 billion, a P/E ratio of -43.29 and a beta of 1.91.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Blake G. Modersitzki sold 5,485 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $17.45, for a total value of $95,713.25. Following the completion of the transaction, the director now directly owns 188,441 shares of the company’s stock, valued at $3,288,295.45. This represents a 2.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Alan Taylor sold 44,245 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $15.98, for a total value of $707,035.10. Following the completion of the transaction, the chief financial officer now directly owns 301,734 shares of the company’s stock, valued at approximately $4,821,709.32. This represents a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,073,296 shares of company stock valued at $16,400,558 over the last three months. Corporate insiders own 36.30% of the company’s stock.

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.