Weave Communications (WEAV) Stock Price, News & Analysis

Company Overview

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. The company's products include Unified Phone Number; Customized Phone System, a smarter phone system to identify whether incoming calls are from new or current patients, provide information at every call, and manages heavy call times; Softphones to make and receive calls from anywhere with an internet connection; Text Messaging to communicate with patients; Missed Call Text to take action in real time upon notification of a missed call; Missed Text Auto-Reply; Team Chat, a group messaging solution that helps practitioners and their staff communicate with each other from their work stations; and Weave Mobile App; It also offers Weave Reviews and Respond Assistant to request, collect, monitor, and respond to reviews; Weave Email Marketing and Email Assistant; Text Connect to interact with their existing and potential patients online directly through their websites; Weave Payments, a payment processing solution; Practice Analytics provides real-time data on patient retention, appointment scheduling, treatment acceptance rates, and revenue generation; and Call Intelligence. In addition, the company provides Digital Forms to collect patient information; Insurance Verification that provides patient insurance plan details; and Scheduling to send automatic scheduling reminders through text message. It serves customers in dental, optometry, veterinary, medical, plastic surgery, physical therapy, medical spa, and other medical specialty 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.

Key Stats

• Today's Range: $13.52 to $14.05
• 50-Day Range: $10.35 to $14.17
• 52-Week Range: $8.10 to $14.50
• Volume: 814,021 shs
• Average Volume: 1.28 million shs
• Market Capitalization: $1.00 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $16.50
• Consensus Rating: Buy

Weave Communications Stock Analysis - MarketRank™

Weave Communications scored higher than 44% of companies evaluated by MarketBeat, and ranked 440th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Weave Communications has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Weave Communications has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Weave Communications are expected to grow in the coming year, from ($0.38) to ($0.33) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Weave Communications is -34.53, 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 -34.53, 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 14.54. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.97% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Weave Communications has recently increased by 6.00%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Weave Communications does not currently pay a dividend.

Dividend Growth

Weave Communications does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.97% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Weave Communications has recently increased by 6.00%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: -0.69

News Sentiment

Weave Communications has a news sentiment score of -0.69. 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 lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Weave Communications this week, compared to 5 articles on an average week.

Search Interest

Only 1 people have searched for WEAV on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

MarketBeat Follows

6 people have added Weave Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

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 $6,531,864.00 in company stock.

Percentage Held by Insiders

36.30% 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

86.83% of the stock of Weave Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WEAV Stock Analysis - Frequently Asked Questions

How have WEAV shares performed this year?

Weave Communications' stock was trading at $11.47 at the start of the year. Since then, WEAV stock has increased by 20.4% and is now trading at $13.81.
View the best growth stocks for 2024 here.

How were Weave Communications' earnings last quarter?

Weave Communications, Inc. (NYSE:WEAV) released its quarterly earnings results on Wednesday, May, 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.08. The company had revenue of $47.17 million for the quarter, compared to analysts' expectations of $45.89 million. Weave Communications had a negative trailing twelve-month return on equity of 28.01% and a negative net margin of 14.64%.

When did Weave Communications IPO?

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

Who are Weave Communications' major shareholders?

Weave Communications' top institutional shareholders include Wasatch Advisors LP (5.17%), State Street Corp (1.31%), Geode Capital Management LLC (1.21%) and Pathway Capital Management LP (0.80%). Insiders that own company stock include Bessemer Venture Partners Ix L, Tiger Global Management Llc, Erin Goodsell, Matthew C Hyde, Branden Neish, Alan Taylor, Marcus Bertilson and Blake G Modersitzki.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Weave Communications own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Weave Communications investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Arista Networks (ANET), Novo Nordisk A/S (NVO), Advanced Micro Devices (AMD) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 5/01/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NYSE:WEAV
• CUSIP: N/A
• CIK: 1609151
• Web: www.getweave.com
• Phone: 866-439-2826
• Fax: N/A
• Employees: 890
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.50
• High Stock Price Target: $18.00
• Low Stock Price Target: $14.50
• Potential Upside/Downside: +19.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.40)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-31,030,000.00
• Net Margins: -14.64%
• Pretax Margin: -14.52%
• Return on Equity: -28.01%
• Return on Assets: -10.53%

Debt

• Debt-to-Equity Ratio: 0.09
• Current Ratio: 1.59
• Quick Ratio: 1.59

Sales & Book Value

• Annual Sales: $170.47 million
• Price / Sales: 5.90
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.95 per share
• Price / Book: 14.54

Miscellaneous

• Outstanding Shares: 72,770,000
• Free Float: 46,355,000
• Market Cap: $1.00 billion
• Optionable: Optionable
• Beta: 2.08