TaoWeave (NASDAQ:TWAV) Releases Earnings Results

TaoWeave (NASDAQ:TWAV) released its earnings results on Friday. The company reported ($0.84) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $0.52 million during the quarter. TaoWeave had a negative net margin of 158.05% and a negative return on equity of 62.58%.

TaoWeave Stock Performance

Shares of TWAV opened at $1.28 on Friday. The company’s 50 day moving average price is $1.38 and its 200 day moving average price is $1.42. TaoWeave has a 52 week low of $0.58 and a 52 week high of $3.89. The company has a market capitalization of $4.42 million, a PE ratio of -1.12 and a beta of 2.52.

Hedge Funds Weigh In On TaoWeave

A number of large investors have recently bought and sold shares of TWAV. Two Sigma Investments LP acquired a new stake in shares of TaoWeave in the third quarter valued at approximately $58,000. Virtu Financial LLC acquired a new position in TaoWeave during the third quarter worth $39,000. Boothbay Fund Management LLC bought a new position in TaoWeave in the third quarter valued at $120,000. Citadel Advisors LLC bought a new position in TaoWeave in the third quarter valued at $56,000. Finally, Renaissance Technologies LLC acquired a new stake in TaoWeave in the 4th quarter valued at $131,000. Institutional investors and hedge funds own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TaoWeave in a research report on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

TaoWeave Company Profile

Oblong Inc, together with its subsidiaries, provides multi-stream collaboration technologies and managed services for video collaboration and network applications in the United States and internationally. The company operates in two segments, Collaboration Products and Managed Services. Its flagship product is Mezzanine that enables visual collaboration across multi-users, multi-screens, multi-devices, and multi-locations for video telepresence, laptop and application sharing, and whiteboard sharing and slides applications.