Weave Communications (WEAV) Expected to Announce Quarterly Earnings on Wednesday

Weave Communications (NYSE:WEAV) is expected to announce its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Weave Communications Stock Performance

NYSE:WEAV opened at $17.30 on Wednesday. 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 stock’s fifty day moving average is $15.91 and its 200 day moving average is $13.53. Weave Communications has a fifty-two week low of $8.10 and a fifty-two week high of $17.48. The firm has a market capitalization of $1.26 billion, a PE ratio of -43.24 and a beta of 1.91.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Loop Capital increased their target price 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 target price 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 target price 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 issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $16.50.

Insider Activity at Weave Communications

In other news, insider Branden Neish sold 7,111 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $15.95, for a total value of $113,420.45. Following the completion of the transaction, the insider now directly owns 512,122 shares in the company, valued at $8,168,345.90. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Alan Taylor sold 4,182 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $16.03, for a total value of $67,037.46. Following the completion of the transaction, the chief financial officer now owns 283,516 shares of the company’s stock, valued at approximately $4,544,761.48. The trade was a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,072,507 shares of company stock valued at $16,387,138 over the last quarter. 36.30% of the stock is owned by corporate insiders.

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.