Weave Communications, Inc. (NYSE:WEAV) Stock Has Average Target Price of $7.84 According to Analysts

Shares of Weave Communications, Inc. (NYSE:WEAV) have been assigned a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $7.84.

A number of research analysts have commented on the company. UBS Group restated an “accumulate” rating on shares of Weave Communications in a research note on Tuesday, August 18th. Piper Sandler downgraded Weave Communications from an “overweight” rating to a “hold” rating and cut their price target for the stock from $8.00 to $7.40 in a research note on Tuesday, August 18th. Wall Street Zen lowered Weave Communications from a “buy” rating to a “hold” rating in a report on Sunday, August 23rd. Raymond James Financial cut Weave Communications from an “outperform” rating to a “market perform” rating in a research note on Monday, August 24th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Weave Communications in a report on Wednesday, July 8th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Weave Communications in the 2nd quarter valued at $31,807,000. Pale Fire Capital SE bought a new position in Weave Communications during the first quarter valued at about $6,897,000. Huber Capital Management LLC lifted its position in shares of Weave Communications by 48.1% in the fourth quarter. Huber Capital Management LLC now owns 887,472 shares of the company’s stock worth $6,736,000 after buying an additional 288,424 shares during the last quarter. Engine Capital Management LP acquired a new stake in shares of Weave Communications in the first quarter worth about $4,858,000. Finally, Harber Asset Management LLC bought a new stake in shares of Weave Communications during the 2nd quarter worth about $4,706,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Weave Communications Stock Up 0.2%

Weave Communications stock opened at $7.38 on Friday. Weave Communications has a twelve month low of $4.24 and a twelve month high of $7.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $590 million, a PE ratio of -29.50 and a beta of 1.68. The firm’s 50 day moving average price is $6.96 and its two-hundred day moving average price is $6.10.

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

Weave Communications Company Profile

Weave Communications, Inc provides cloud-based customer communication and payments software designed primarily for small and midsized healthcare practices. Its platform helps businesses manage interactions with patients and customers through a unified system rather than relying on separate phone, messaging, scheduling and payment tools.

Weave’s products and services include business phone systems, two-way texting, email communications, appointment scheduling, automated reminders, online reviews, payment processing and customer relationship management tools.