Tyler Newton Sells 50,993 Shares of Weave Communications (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) Director Tyler Newton sold 50,993 shares of Weave Communications stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $6.68, for a total value of $340,633.24. Following the sale, the director directly owned 50,992 shares in the company, valued at approximately $340,626.56. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Weave Communications Stock Performance

Shares of WEAV stock opened at $6.42 on Friday. Weave Communications, Inc. has a 12-month low of $6.28 and a 12-month high of $17.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $494.21 million, a price-to-earnings ratio of -14.92 and a beta of 1.71. The business has a 50 day simple moving average of $7.10 and a 200 day simple moving average of $8.19.

Weave Communications (NYSE:WEAV) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Weave Communications had a negative return on equity of 43.15% and a negative net margin of 14.32%.The company had revenue of $61.34 million during the quarter, compared to analyst estimates of $60.67 million. Weave Communications has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts anticipate that Weave Communications, Inc. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WEAV shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Weave Communications in a research report on Tuesday, October 14th. Stifel Nicolaus reduced their price target on shares of Weave Communications from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Piper Sandler decreased their price objective on shares of Weave Communications from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Raymond James Financial dropped their target price on Weave Communications from $17.00 to $15.00 and set a “strong-buy” rating on the stock in a report on Friday, August 1st. Finally, Citigroup cut their target price on Weave Communications from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.50.

Institutional Trading of Weave Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in WEAV. Vanguard Group Inc. lifted its stake in Weave Communications by 3.4% during the third quarter. Vanguard Group Inc. now owns 5,465,810 shares of the company’s stock valued at $36,512,000 after purchasing an additional 179,693 shares during the last quarter. Frontier Capital Management Co. LLC bought a new position in shares of Weave Communications in the second quarter valued at $16,915,000. Voya Investment Management LLC lifted its position in shares of Weave Communications by 26.2% during the 1st quarter. Voya Investment Management LLC now owns 1,387,040 shares of the company’s stock valued at $15,382,000 after acquiring an additional 287,785 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Weave Communications by 24.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,152,995 shares of the company’s stock worth $9,593,000 after acquiring an additional 225,865 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Weave Communications by 158.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,133,532 shares of the company’s stock worth $7,572,000 after acquiring an additional 694,935 shares in the last quarter. 86.83% of the stock is currently owned by institutional investors.

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.