Weave Communications (NYSE:WEAV) Given “Hold” Rating at Loop Capital

Weave Communications (NYSE:WEAV)‘s stock had its “hold” rating reaffirmed by stock analysts at Loop Capital in a report issued on Wednesday,Benzinga reports. They presently have a $7.40 price objective on the stock. Loop Capital’s target price would indicate a potential upside of 1.56% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. B. Riley Financial initiated coverage on Weave Communications in a report on Tuesday. They set a “buy” rating and a $8.25 price objective for the company. Wall Street Zen upgraded shares of Weave Communications from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Weave Communications in a research note on Wednesday, July 8th. UBS Group reaffirmed an “accumulate” rating on shares of Weave Communications in a research note on Tuesday. Finally, Piper Sandler downgraded shares of Weave Communications from an “overweight” rating to a “hold” rating and cut their price target for the stock from $8.00 to $7.40 in a research note on Tuesday. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8.01.

Weave Communications Trading Up 31.8%

WEAV opened at $7.29 on Wednesday. The business’s 50 day moving average is $6.20 and its two-hundred day moving average is $5.66. The firm has a market cap of $582.88 million, a price-to-earnings ratio of -29.14 and a beta of 1.67. Weave Communications has a 52 week low of $4.24 and a 52 week high of $8.11. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.09.

Weave Communications (NYSE:WEAV) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $67.54 million for the quarter, compared to analyst estimates 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, research analysts predict that Weave Communications will post -0.27 EPS for the current year.

Hedge Funds Weigh In On Weave Communications

A number of hedge funds have recently made changes to their positions in WEAV. Hilton Head Capital Partners LLC purchased a new stake in Weave Communications during the 4th quarter worth $26,000. Optiver Holding B.V. raised its position in Weave Communications by 1,201.2% in the first quarter. Optiver Holding B.V. now owns 7,339 shares of the company’s stock valued at $34,000 after purchasing an additional 6,775 shares during the period. Legal & General Group Plc acquired a new position in shares of Weave Communications during the second quarter worth about $38,000. Amundi boosted its position 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 buying an additional 1,130 shares during the period. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in shares of Weave Communications in the second quarter worth about $60,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Trending Headlines about Weave Communications

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

About Weave Communications

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.