Weave Communications (NYSE:WEAV – Get Free Report) had its price objective lifted by equities research analysts at Piper Sandler from $15.00 to $16.00 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 48.84% from the stock’s previous close.
Weave Communications Stock Up 7.5 %
Shares of WEAV stock traded up $0.75 during mid-day trading on Thursday, hitting $10.75. The company’s stock had a trading volume of 535,751 shares, compared to its average volume of 402,772. Weave Communications has a 52-week low of $6.67 and a 52-week high of $13.80. The business has a 50-day moving average price of $9.16 and a 200 day moving average price of $10.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $764.54 million, a price-to-earnings ratio of -25.00 and a beta of 2.07.
Weave Communications (NYSE:WEAV – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.08). The business had revenue of $47.17 million during the quarter, compared to analysts’ expectations of $45.89 million. Weave Communications had a negative return on equity of 31.74% and a negative net margin of 17.06%. During the same quarter in the prior year, the firm earned ($0.12) EPS. Research analysts predict that Weave Communications will post -0.39 EPS for the current fiscal year.
Institutional Trading of Weave Communications
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.
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