Zacks: Analysts Anticipate Weave Communications, Inc. (NYSE:WEAV) to Post -$0.19 Earnings Per Share

Wall Street analysts expect Weave Communications, Inc. (NYSE:WEAVGet Rating) to announce ($0.19) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Weave Communications’ earnings, with the lowest EPS estimate coming in at ($0.19) and the highest estimate coming in at ($0.18). The firm is expected to issue its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Weave Communications will report full year earnings of ($0.62) per share for the current year, with EPS estimates ranging from ($0.63) to ($0.60). For the next financial year, analysts anticipate that the company will post earnings of ($0.40) per share, with EPS estimates ranging from ($0.62) to ($0.25). Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Weave Communications.

Weave Communications (NYSE:WEAVGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.01. The business had revenue of $31.84 million during the quarter, compared to analyst estimates of $32.18 million.

A number of equities analysts have commented on WEAV shares. Guggenheim reduced their price objective on Weave Communications from $22.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, March 3rd. Stifel Nicolaus cut their price target on Weave Communications from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, March 21st. The Goldman Sachs Group cut their price target on Weave Communications from $13.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, April 14th. Citigroup cut their price target on Weave Communications from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, March 3rd. Finally, Raymond James lowered Weave Communications from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 3rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $16.22.

In related news, Director Blake G. Modersitzki bought 37,000 shares of the business’s stock in a transaction on Monday, March 7th. The shares were purchased at an average price of $6.47 per share, with a total value of $239,390.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Several institutional investors have recently made changes to their positions in WEAV. Roubaix Capital LLC bought a new stake in shares of Weave Communications in the fourth quarter worth about $2,852,000. W Capital Management LLC bought a new stake in shares of Weave Communications in the fourth quarter worth about $29,246,000. Advisor Group Holdings Inc. bought a new stake in shares of Weave Communications in the fourth quarter worth about $83,000. M&T Bank Corp bought a new stake in shares of Weave Communications in the fourth quarter worth about $264,000. Finally, Northern Trust Corp bought a new stake in shares of Weave Communications in the fourth quarter worth about $490,000. Institutional investors own 17.21% of the company’s stock.

Weave Communications stock opened at $4.74 on Thursday. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $6.15. Weave Communications has a 52 week low of $4.53 and a 52 week high of $22.40.

About Weave Communications (Get Rating)

Weave Communications, Inc provides a customer communications and engagement software platform in the United States and Canada. Its platform enables small and medium-sized businesses to maximize the value of their customer interactions and minimize the time and effort spent on manual or mundane tasks.

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