Weave Communications (NYSE:WEAV) Announces Earnings Results

Weave Communications (NYSE:WEAV) posted its quarterly earnings data on Wednesday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.08), Zacks reports. The company had revenue of $47.17 million for the quarter, compared to the consensus estimate of $45.89 million. Weave Communications had a negative return on equity of 31.24% and a negative net margin of 17.06%. During the same quarter in the previous year, the firm posted ($0.12) EPS. Weave Communications updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

Weave Communications Stock Down 3.8 %

WEAV stock opened at $8.32 on Friday. Weave Communications has a 1-year low of $4.66 and a 1-year high of $13.80. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $11.49 and its 200-day moving average is $10.78.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WEAV shares. Raymond James raised Weave Communications from an “outperform” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research report on Monday, February 26th. Stifel Nicolaus lifted their price objective on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Piper Sandler restated an “overweight” rating and issued a $15.00 target price on shares of Weave Communications in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Weave Communications Company Profile

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.