Weave Communications (NYSE:WEAV) Earns Buy Rating from Analysts at B. Riley Financial

B. Riley Financial began coverage on shares of Weave Communications (NYSE:WEAV) in a research note published on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $8.25 price target on the stock.

Other research analysts have also issued research reports about the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Weave Communications in a report on Wednesday, July 8th. Wall Street Zen raised shares of Weave Communications from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.84.

Weave Communications Price Performance

Weave Communications stock opened at $7.31 on Tuesday. Weave Communications has a 52 week low of $4.24 and a 52 week high of $8.11. The business has a 50-day simple moving average of $6.27 and a 200 day simple moving average of $5.67. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.09. The stock has a market cap of $584.80 million, a price-to-earnings ratio of -29.24 and a beta of 1.67.

Weave Communications (NYSE:WEAV) last announced its earnings results on Thursday, August 6th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. Weave Communications had a negative return on equity of 21.14% and a negative net margin of 7.97%.The business had revenue of $67.54 million for the quarter, compared to analyst estimates of $67.88 million. On average, research analysts forecast that Weave Communications will post -0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Weave Communications

A number of large investors have recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new position in shares of Weave Communications in the 4th quarter worth about $26,000. Optiver Holding B.V. increased its position in shares of Weave Communications by 1,201.2% during the 1st quarter. Optiver Holding B.V. now owns 7,339 shares of the company’s stock valued at $34,000 after purchasing an additional 6,775 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Weave Communications during the 2nd quarter valued at about $38,000. Amundi raised its holdings in shares of Weave Communications by 27.1% during the 1st quarter. Amundi now owns 5,301 shares of the company’s stock valued at $59,000 after buying an additional 1,130 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of Weave Communications during the 2nd quarter valued at about $60,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Weave Communications News Summary

Here are the key news stories impacting Weave Communications this week:

• Positive Sentiment: Francisco Partners has agreed to acquire Weave Communications in a transaction valued at approximately $650 million. The take-private deal offers investors a defined potential exit value and reduces uncertainty around the company’s standalone growth and profitability outlook. Weave Communications to be acquired by Francisco Partners for $650M
• Neutral Sentiment: Recent analyst activity has become less relevant to the stock’s long-term valuation because of the pending acquisition. Loop Capital and B. Riley Financial downgraded Weave to “hold,” while Piper Sandler also lowered its rating; B. Riley reportedly set a $7.40 price target. These actions suggest limited upside outside the transaction terms. Weave Communications Stock Rating Lowered by Piper Sandler
• Negative Sentiment: Shareholder law firms Ademi LLP and Halper Sadeh LLC are investigating whether Weave’s board obtained a fair price and whether insiders could receive benefits unavailable to ordinary shareholders. Such investigations may create legal and closing uncertainty, although they do not by themselves indicate that the transaction will fail. Shareholder Alert: Ademi LLP investigates whether Weave Communications is obtaining a fair price

Weave Communications Company Profile

Weave Communications is a technology company that provides integrated communications and customer management solutions tailored for small- to medium-sized local businesses. Headquartered in Lehi, Utah, the company developed a cloud-based platform that unifies voice calling, business texting, appointment reminders and payment processing within a single interface.

The platform’s core offerings include a unified business phone system, two-way texting, automated appointment and recall reminders, secure payment acceptance and a basic customer relationship management module.