Weave Communications (WEAV) to Release Earnings on Thursday

Weave Communications (NYSE:WEAV - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Weave Communications to post earnings of $0.03 per share and revenue of $53.23 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Weave Communications Stock Up 0.3 %

NYSE WEAV traded up $0.06 during trading hours on Friday, reaching $17.39. 826,141 shares of the company's stock traded hands, compared to its average volume of 742,141. Weave Communications has a 52-week low of $8.10 and a 52-week high of $17.58. The firm has a market cap of $1.27 billion, a PE ratio of -43.46 and a beta of 1.91. The firm has a 50-day simple moving average of $16.09 and a 200 day simple moving average of $13.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Weave Communications from $13.00 to $14.50 and gave the company a "neutral" rating in a research report on Friday, November 1st. Piper Sandler lifted their price target on shares of Weave Communications from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Finally, Loop Capital lifted their target price on shares of Weave Communications from $15.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $16.50.

Insider Transactions at Weave Communications

In related news, Director Blake G. Modersitzki sold 6,230 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $17.45, for a total transaction of $108,713.50. Following the completion of the sale, the director now directly owns 188,042 shares in the company, valued at approximately $3,281,332.90. The trade was a 3.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Alan Taylor sold 44,245 shares of the business'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 transaction of $707,035.10. Following the sale, the chief financial officer now owns 301,734 shares of the company's stock, valued at $4,821,709.32. This trade represents a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,072,507 shares of company stock worth $16,387,138 over the last three months. 36.30% of the stock is currently owned by company insiders.

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.