Stocks of Weave Communications Inc (NYSE:WEAV) traded higher last session on Wall Street, down -0.75% to $9.31.
WEAV stock price is now -24.89% away from the 50-day moving average and -27.11% away from the 200-day moving average. The market capitalization of the company currently stands at $697.32M.
With the price target maintained at $15, Raymond James recently Upgraded its rating from Outperform to Strong Buy for Weave Communications Inc (NYSE: WEAV). On January 02, 2024, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $8 to quote $15, while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, Neish Branden, Chief Product &Technology Ofcr sold 25,510 shares of the company’s stock on Mar 19 ’25. The stock was sold for $288,926 at an average price of $11.33. Upon completion of the transaction, the Chief Product &Technology Ofcr now directly owns 460,908 shares in the company, valued at $4.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 20 ’25, Chief Product &Technology Ofcr Neish Branden sold 18,665 shares of the business’s stock. A total of $211,288 was realized by selling the stock at an average price of $11.32. This leaves the insider owning 442,243 shares of the company worth $4.12 million. A total of 16.00% of the company’s stock is owned by insiders.
During the past 12 months, Weave Communications Inc has had a low of $8.10 and a high of $17.63. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 1.42, and a quick ratio of 1.42. The fifty day moving average price for WEAV is $12.395 and a two-hundred day moving average price translates $12.7733 for the stock.
The latest earnings results from Weave Communications Inc (NYSE: WEAV) was released for 2024-12-31. The net profit margin was -13.87% and return on equity was -38.85% for WEAV. The company reported revenue of $54.17 million for the quarter, compared to $45.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.55 percent. For the current quarter, analysts expect WEAV to generate $54.68M in revenue.
