Goldman Sachs analyst Kash Rangan maintained a Hold rating on Weave Communications (WEAV – Research Report) today and set a price target of $11.00. The company’s shares opened today at $11.58.
Rangan covers the Technology sector, focusing on stocks such as Salesforce, Microsoft, and ServiceNow. According to TipRanks, Rangan has an average return of 10.0% and a 59.43% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Weave Communications with a $13.43 average price target, a 15.98% upside from current levels. In a report released today, Citi also maintained a Hold rating on the stock with a $13.00 price target.
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Based on Weave Communications’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $39.57 million and a GAAP net loss of $7.86 million. In comparison, last year the company earned a revenue of $33.27 million and had a GAAP net loss of $13.84 million
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WEAV in relation to earlier this year.
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Weave Communications Inc is a all-in-one customer communications and engagement software platform for small and medium-sized businesses.
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