Weave Communications (NYSE:WEAV) Announces Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Weave Communications (NYSE:WEAV) released its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.12), Zacks reports. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. The firm had revenue of $54.17 million for the quarter, compared to analyst estimates of $53.23 million. Weave Communications updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Weave Communications Price Performance

Shares of WEAV opened at $14.26 on Friday. Weave Communications has a 1-year low of $8.10 and a 1-year high of $17.63. The firm has a 50-day simple moving average of $16.23 and a two-hundred day simple moving average of $13.84. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Loop Capital raised their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Piper Sandler raised their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Raymond James restated a “strong-buy” rating and set a $20.00 price objective (up from $17.00) on shares of Weave Communications in a research report on Friday. Finally, The Goldman Sachs Group raised their price objective on shares of Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. One 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’s stock. According to MarketBeat, Weave Communications has a consensus rating of “Buy” and a consensus target price of $17.50.

Insider Activity at Weave Communications

In related news, CEO Brett T. White sold 54,778 shares of Weave Communications stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $15.86, for a total value of $868,779.08. Following the completion of the transaction, the chief executive officer now owns 1,928,364 shares in the company, valued at $30,583,853.04. The trade was a 2.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Blake G. Modersitzki sold 242,820 shares of Weave Communications stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $14.38, for a total transaction of $3,491,751.60. Following the completion of the transaction, the director now owns 244,616 shares of the company’s stock, valued at $3,517,578.08. This represents a 49.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,190,043 shares of company stock worth $18,442,044. Corporate insiders own 36.30% of the company’s stock.

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.