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LEHI, Utah - Weave (NYSE: WEAV), a customer experience and payments software platform showing impressive momentum with a 54% gain over the past six months, has announced a collaboration with Prompt, a software provider for rehab therapy practices, aimed at improving operational efficiency and patient engagement for physical therapy clinics. According to InvestingPro data, the company maintains a healthy gross profit margin of 70.68% while delivering strong revenue growth of 20.54% in the last twelve months.
The integration between Weave and Prompt is designed to address common challenges faced by physical therapy practices, such as disjointed communication systems and administrative burdens. By combining Weave’s patient engagement tools with Prompt’s practice management features, the partnership promises to streamline practice operations, reduce no-show rates, and enhance the overall patient experience. While the company is not currently profitable, InvestingPro analysis shows analysts expect profitability this year, with six analysts recently revising their earnings expectations upward.
Key features of the integration include a VoIP phone system with call identification, two-way texting, automated missed-call texts with online scheduling links, appointment reminders, and data synchronization between Prompt and Weave. Additionally, the solution offers simplified billing processes through text-to-pay and online payments, as well as automated payment reminders.
This collaboration is expected to provide several benefits to physical therapy practices, including increased patient engagement through advanced communication tools, reduced administrative work due to automation, improved cash flow from streamlined billing, scalability to accommodate practice growth, and an enhanced patient experience leading to higher satisfaction and retention rates.
The integration aims to empower physical therapy practices to operate more efficiently and deliver exceptional patient care by managing all aspects of patient interaction and office operations seamlessly between the two systems. While trading near its 52-week high, InvestingPro analysis indicates the stock may be overvalued at current levels. Subscribers can access 7 additional ProTips and a comprehensive Pro Research Report for deeper insights into Weave’s financial health and growth potential.
For more information on the integration and how it may benefit physical therapy practices, interested parties can visit the Weave website. The information in this article is based on a press release statement.
In other recent news, Piper Sandler has maintained its Overweight rating on Weave Communications Inc, with a steady price target of $17. This decision follows meetings with Weave’s top executives, including CEO Brett White and VP of Finance Jason Christiansen. The firm continues to see WEAV as an attractive small-cap growth stock, bolstered by the company’s new leadership team and their aim to establish a growth model with over 20% top-line growth.
The current valuation of WEAV, trading at 3.8 times its calendar year 2026 estimated enterprise value to sales (EV/S), is found appealing by the Piper Sandler analyst, especially when compared to its vertical software peers with a median multiple of 8.3 times. The firm’s positive outlook is based on Weave Communications’ strategic direction, which includes plans for new products, partnerships, and payment solutions. These initiatives are expected to serve as catalysts for the company’s performance, particularly in the 2025-2026 timeframe.
According to Piper Sandler, small-cap growth investors should consider increasing their holdings in Weave Communications. This recommendation reflects the belief that the company is well-positioned for future growth and offers a favorable risk-reward profile at its current valuation. The company’s progress toward its strategic goals and its ability to execute on the outlined growth model will continue to influence investor sentiment.
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