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

Shares of Weave Communications, Inc. (NYSE:WEAV) have earned an average rating of “Hold” from the eight ratings firms that are presently covering the company, 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 1-year price target among analysts that have updated their coverage on the stock in the last year is $7.84.

WEAV has been the subject of a number of research analyst reports. UBS Group restated an “accumulate” rating on shares of Weave Communications in a research note on Tuesday, August 18th. Loop Capital downgraded Weave Communications from a “buy” rating to a “hold” rating and set a $7.40 price target on the stock. in a research note on Wednesday, August 19th. B. Riley Financial lowered Weave Communications from a “buy” rating to a “hold” rating and cut their price objective for the company from $8.25 to $7.40 in a report on Wednesday, August 19th. Piper Sandler lowered Weave Communications from an “overweight” rating to a “hold” rating and cut their price objective for the company from $8.00 to $7.40 in a report on Tuesday, August 18th. Finally, Weiss Ratings upgraded Weave Communications from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 20th.

Weave Communications Trading Up 0.3%

Shares of Weave Communications stock opened at $7.42 on Thursday. The firm’s 50 day simple moving average is $7.35 and its two-hundred day simple moving average is $6.17. The firm has a market capitalization of $593.51 million, a price-to-earnings ratio of -29.68 and a beta of 1.68. Weave Communications has a 12-month low of $4.24 and a 12-month high of $7.70. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09.

Weave Communications (NYSE:WEAV) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $67.54 million during the quarter, compared to the consensus estimate of $67.88 million. Weave Communications had a negative net margin of 7.97% and a negative return on equity of 21.14%. Analysts predict that Weave Communications will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Weave Communications

Hedge funds and other institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC acquired a new position in Weave Communications during the third quarter valued at $429,000. Vise Technologies Inc. acquired a new stake in Weave Communications during the 3rd quarter worth about $379,000. Transmarket Holdings LP acquired a new stake in Weave Communications during the 3rd quarter worth about $1,486,000. Sequoia Financial Advisors LLC grew its position in Weave Communications by 26.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 32,662 shares of the company’s stock worth $196,000 after purchasing an additional 6,768 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Weave Communications during the 2nd quarter valued at about $54,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Weave Communications Company Profile

Weave Communications, Inc provides an all-in-one customer communication and engagement platform for small and midsize businesses. Its software is designed to help businesses manage interactions with customers, streamline operations, and improve retention through a unified system.

The company’s platform combines business phone services, two-way texting, email, website chat, appointment scheduling, automated reminders, online payments, review management, and customer relationship management tools.