Stocks of Weave Communications Inc. (NYSE:WEAV) traded higher last session on Wall Street, down -2.36% to $4.97.
WEAV stock price is now -1.72% away from the 50-day moving average and 0.14% away from the 200-day moving average. The market capitalization of the company currently stands at $317.73M.
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With the price target reduced from $12 to $5, Loop Capital Downgraded its rating from Buy to Hold for Weave Communications Inc. (NYSE: WEAV)., while ‘Piper Sandler’ rates the stock as ‘Neutral’.
In other news, Taylor Alan, Chief Financial Officer sold 556 shares of the company’s stock on Feb 13. The stock was sold for $3,017 at an average price of $5.43. Upon completion of the transaction, the Chief Financial Officer now directly owns 285,637 shares in the company, valued at $1.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 13, Chief Financial Officer Taylor Alan sold 556 shares of the business’s stock. A total of $2,902 was realized by selling the stock at an average price of $5.22. This leaves the insider owning 286,193 shares of the company worth $1.42 million. Insiders disposed of 1,066,157 shares of company stock worth roughly $5.3 million over the past 1 year. A total of 4.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WEAV stock. A new stake in Weave Communications Inc. shares was purchased by ACUITAS INVESTMENTS, LLC during the first quarter worth $547,000. WORTH VENTURE PARTNERS, LLC invested $266,000 in shares of WEAV during the first quarter. In the first quarter, METLIFE INVESTMENT MANAGEMENT, LLC acquired a new stake in Weave Communications Inc. valued at approximately $97,000. MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. acquired a new stake in WEAV for approximately $96,000. BANK OF MONTREAL /CAN/ purchased a new stake in WEAV valued at around $82,000 in the second quarter. In total, there are 76 active investors with 80.40% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $5.1000 for Weave Communications Inc. (NYSE: WEAV). During the past 12 months, Weave Communications Inc. has had a low of $2.91 and a high of $6.93. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 1.80, and a quick ratio of 1.80. The fifty day moving average price for WEAV is $5.0568 and a two-hundred day moving average price translates $4.9632 for the stock.
The latest earnings results from Weave Communications Inc. (NYSE: WEAV) was released for Sep, 2022. According to the Software – Application Company, earnings per share came in at -$0.1, beating analysts’ expectations of -$0.14 by 0.04. This compares to -$0.99 EPS in the same period last year. The net profit margin was -40.70% and return on equity was -58.80% for WEAV. The company reported revenue of $36.23 million for the quarter, compared to $30.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.56 percent. For the current quarter, analysts expect WEAV to generate $36.49M in revenue.
Weave Communications Inc.(WEAV) Company Profile
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; Web Assistant Appointment Requests and 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; and Analytics to identify unscheduled treatments, canceled appointments, unpaid invoices, and other needs. In addition, the company provides Digital Forms to fill out critical information; 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.
