Critical Contrast: OneMedNet (NASDAQ:ONMD) versus Weave Communications (NYSE:WEAV)

Weave Communications (NYSE:WEAV) and OneMedNet (NASDAQ:ONMD) are both small-cap healthcare companies, but which is the better stock? We will compare the two businesses based on the strength of their analyst recommendations, risk, earnings, institutional ownership, dividends, valuation and profitability.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for Weave Communications and OneMedNet, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Weave Communications	1	5	2	0	2.12
OneMedNet	1	0	0	0	1.00

Weave Communications currently has a consensus target price of $7.84, suggesting a potential upside of 6.16%. Given Weave Communications’ stronger consensus rating and higher probable upside, equities research analysts plainly believe Weave Communications is more favorable than OneMedNet.

Earnings & Valuation

This table compares Weave Communications and OneMedNet”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Weave Communications	$239.02 million	2.47	-$28.05 million	($0.25)	-29.54
OneMedNet	$1.36 million	17.53	-$2.80 million	($1.60)	-2.51

OneMedNet has lower revenue, but higher earnings than Weave Communications. Weave Communications is trading at a lower price-to-earnings ratio than OneMedNet, indicating that it is currently the more affordable of the two stocks.

Volatility and Risk

Weave Communications has a beta of 1.68, suggesting that its stock price is 68% more volatile than the S&P 500. Comparatively, OneMedNet has a beta of 1.14, suggesting that its stock price is 14% more volatile than the S&P 500.

Institutional & Insider Ownership

86.8% of Weave Communications shares are held by institutional investors. Comparatively, 0.9% of OneMedNet shares are held by institutional investors. 16.4% of Weave Communications shares are held by company insiders. Comparatively, 50.2% of OneMedNet shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Profitability

This table compares Weave Communications and OneMedNet’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Weave Communications	-7.97%	-21.14%	-8.41%
OneMedNet	-584.20%	N/A	-521.20%

Summary

Weave Communications beats OneMedNet on 9 of the 13 factors compared between the two stocks.

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. The company's products include Unified Phone Number; Customized Phone System, a smarter phone system to identify whether incoming calls are from new or current patients, provide information at every call, and manages heavy call times; Softphones to make and receive calls from anywhere with an internet connection; Text Messaging to communicate with patients; Missed Call Text to take action in real time upon notification of a missed call; Missed Text Auto-Reply; Team Chat, a group messaging solution that helps practitioners and their staff communicate with each other from their work stations; and Weave Mobile App; It also offers Weave Reviews and Respond Assistant to request, collect, monitor, and respond to reviews; Weave Email Marketing and Email Assistant; Text Connect to interact with their existing and potential patients online directly through their websites; Weave Payments, a payment processing solution; Practice Analytics provides real-time data on patient retention, appointment scheduling, treatment acceptance rates, and revenue generation; and Call Intelligence. In addition, the company provides Digital Forms to collect patient information; Insurance Verification that provides patient insurance plan details; and Scheduling to send automatic scheduling reminders through text message. It serves customers in dental, optometry, veterinary, medical, plastic surgery, physical therapy, medical spa, and other medical specialty industries. The company was formerly known as Recall Solutions, LLC and changed its name to Weave Communications, Inc. in October 2015. Weave Communications, Inc. was founded in 2008 and is headquartered in Lehi, Utah.

About OneMedNet

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences. OneMedNet Corporation is based in Eden Prairie, Minnesota.