In a report released today, Mark Schappel from Loop Capital Markets reiterated a Buy rating on Weave Communications (WEAV – Research Report), with a price target of $15.00. The company’s shares closed last Friday at $9.02.
Schappel covers the Technology sector, focusing on stocks such as Pegasystems, SPS Commerce, and Altair Engineering. According to TipRanks, Schappel has an average return of 7.9% and a 55.92% success rate on recommended stocks.
Weave Communications has an analyst consensus of Moderate Buy, with a price target consensus of $13.43.
See the top stocks recommended by analysts >>
Based on Weave Communications’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $41.67 million and a GAAP net loss of $8.99 million. In comparison, last year the company earned a revenue of $34.93 million and had a GAAP net loss of $14.82 million
Based on the recent corporate insider activity of 55 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Weave Communications Inc is a all-in-one customer communications and engagement software platform for small and medium-sized businesses.
Read More on WEAV:
