B. Riley Financial Reaffirms “Neutral” Rating for Weave Communications (NYSE:WEAV)

Weave Communications (NYSE:WEAV)‘s stock had its “neutral” rating reiterated by B. Riley Financial in a note issued to investors on Wednesday,Benzinga reports. They presently have a $7.40 price objective on the stock, down from their prior price objective of $8.25. B. Riley Financial’s price target would suggest a potential upside of 1.30% from the stock’s previous close.

A number of other research analysts also recently issued reports on WEAV. Wall Street Zen upgraded Weave Communications from a “hold” rating to a “buy” rating in a research note on Saturday. Loop Capital restated a “hold” rating and set a $7.40 price target on shares of Weave Communications in a research report on Wednesday. UBS Group restated an “accumulate” rating on shares of Weave Communications in a report on Tuesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Weave Communications in a research report on Wednesday, July 8th. Finally, Piper Sandler downgraded shares of Weave Communications from an “overweight” rating to a “hold” rating and reduced their target price for the company from $8.00 to $7.40 in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.84.

Weave Communications Price Performance

Weave Communications stock opened at $7.30 on Wednesday. Weave Communications has a 52 week low of $4.24 and a 52 week high of $8.11. The company’s 50 day moving average price is $6.20 and its two-hundred day moving average price is $5.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.09. The stock has a market cap of $584.40 million, a P/E ratio of -29.22 and a beta of 1.67.

Weave Communications (NYSE:WEAV) last announced its earnings results on Thursday, August 6th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $67.54 million for the quarter, compared to the consensus estimate of $67.88 million. Weave Communications had a negative return on equity of 21.14% and a negative net margin of 7.97%. On average, equities analysts predict that Weave Communications will post -0.27 earnings per share for the current year.

Institutional Trading of Weave Communications

Institutional investors have recently modified their holdings of the business. Hilton Head Capital Partners LLC purchased a new position in Weave Communications in the 4th quarter valued at approximately $26,000. Optiver Holding B.V. lifted its position in shares of Weave Communications by 1,201.2% during the first quarter. Optiver Holding B.V. now owns 7,339 shares of the company’s stock worth $34,000 after acquiring an additional 6,775 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Weave Communications in the second quarter worth $38,000. Amundi boosted its holdings in shares of Weave Communications by 27.1% in the first quarter. Amundi now owns 5,301 shares of the company’s stock worth $59,000 after acquiring an additional 1,130 shares during the period. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of Weave Communications in the second quarter valued at $60,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Weave Communications News Roundup

Here are the key news stories impacting Weave Communications this week:

• Positive Sentiment: Francisco Partners agreed to acquire Weave for $7.40 per share in cash, valuing the healthcare software company at approximately $650 million. The transaction provides shareholders with a defined cash exit and is likely supporting the stock as it trades near the offer price. Weave Communications Enters $650 Million Take-Private Deal
• Positive Sentiment: B. Riley initiated coverage with a Buy rating and an $8.25 price target, implying potential upside to the proposed acquisition price. However, the cash deal could limit the relevance of that target unless the transaction fails or a higher bid emerges. B. Riley coverage
• Neutral Sentiment: Trading in WEAV was temporarily halted for “news pending,” consistent with the market processing the acquisition announcement. The company’s shares are likely to remain closely tied to the $7.40 offer price rather than normal earnings or valuation metrics. Weave Announces Acquisition by Francisco Partners
• Neutral Sentiment: Piper Sandler reaffirmed its Neutral rating but reduced its price target from $8.00 to $7.40, matching the announced cash consideration and signaling limited additional upside under the current deal terms. Piper Sandler rating update
• Negative Sentiment: Ademi LLP and Halper Sadeh LLC announced investigations into whether Weave’s board fulfilled its fiduciary duties and obtained a fair price for shareholders. These reviews could create deal uncertainty, although such investigations do not necessarily mean the transaction will be blocked. Ademi shareholder alert

Weave Communications Company Profile

Weave Communications is a technology company that provides integrated communications and customer management solutions tailored for small- to medium-sized local businesses. Headquartered in Lehi, Utah, the company developed a cloud-based platform that unifies voice calling, business texting, appointment reminders and payment processing within a single interface.

The platform’s core offerings include a unified business phone system, two-way texting, automated appointment and recall reminders, secure payment acceptance and a basic customer relationship management module.