Weave Communications’ (WEAV) “Neutral” Rating Reaffirmed at B. Riley Financial

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

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

Weave Communications Trading Up 0.3%

Shares of WEAV stock opened at $7.30 on Wednesday. The stock has a market cap of $584.40 million, a price-to-earnings ratio of -29.22 and a beta of 1.67. The stock has a 50-day moving average of $6.20 and a 200-day moving average of $5.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. Weave Communications has a 1-year low of $4.24 and a 1-year high of $8.11.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WEAV. Amundi lifted 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 valued at $59,000 after purchasing an additional 1,130 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Weave Communications by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,918 shares of the company’s stock valued at $265,000 after buying an additional 1,457 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Weave Communications by 3.0% during the fourth quarter. Russell Investments Group Ltd. now owns 68,070 shares of the company’s stock worth $517,000 after buying an additional 2,009 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Weave Communications by 9.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 26,489 shares of the company’s stock worth $201,000 after buying an additional 2,354 shares in the last quarter. Finally, Deutsche Bank AG raised its position in Weave Communications by 0.7% in the 4th quarter. Deutsche Bank AG now owns 353,591 shares of the company’s stock valued at $2,684,000 after buying an additional 2,366 shares during the last quarter. 86.83% of the stock is owned by institutional investors.

Key Headlines Impacting 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.