Weave Communications’ (WEAV) “Hold” Rating Reiterated at Loop Capital

Weave Communications (NYSE:WEAV)‘s stock had its “hold” rating restated by Loop Capital in a research report issued on Wednesday,Benzinga reports. They presently have a $7.40 price target on the stock. Loop Capital’s price target would suggest a potential upside of 1.56% from the stock’s current price.

A number of other research analysts also recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Weave Communications in a report on Wednesday, July 8th. UBS Group reiterated an “accumulate” rating on shares of Weave Communications in a research note on Tuesday. Wall Street Zen raised Weave Communications from a “hold” rating to a “buy” rating in a report on Saturday. Piper Sandler downgraded shares of Weave Communications from an “overweight” rating to a “hold” rating and reduced their price target for the company from $8.00 to $7.40 in a report on Tuesday. Finally, B. Riley Financial started coverage on shares of Weave Communications in a research report on Tuesday. They issued a “buy” rating and a $8.25 target price for the company. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.01.

Weave Communications Stock Up 31.8%

Shares of Weave Communications stock opened at $7.29 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.25 and a quick ratio of 1.25. Weave Communications has a 1-year low of $4.24 and a 1-year high of $8.11. The business has a 50-day moving average of $6.20 and a 200-day moving average of $5.66. The company has a market capitalization of $582.88 million, a PE ratio of -29.14 and a beta of 1.67.

Weave Communications (NYSE:WEAV) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The company 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%. As a group, equities analysts forecast that Weave Communications will post -0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Weave Communications

Several large investors have recently modified their holdings of WEAV. Corient Private Wealth LP purchased a new position in Weave Communications in the 2nd quarter worth about $120,000. Bank of America Corp DE purchased a new stake in shares of Weave Communications in the second quarter valued at $2,999,000. Man Group plc purchased a new position in shares of Weave Communications during the second quarter valued at $1,348,000. Meros Investment Management LP acquired a new stake in Weave Communications during the 2nd quarter worth about $3,323,468,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Weave Communications in the second quarter worth approximately $125,000. 86.83% of the stock is owned by institutional investors.

Key Weave Communications News

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.