TaoWeave (NASDAQ:TWAV) Issues Earnings Results

TaoWeave (NASDAQ:TWAV) issued its quarterly earnings data on Friday. The company reported ($0.02) earnings per share for the quarter, Zacks reports. TaoWeave had a negative net margin of 260.77% and a negative return on equity of 80.80%. The firm had revenue of $0.71 million during the quarter.

TaoWeave Price Performance

TaoWeave stock opened at $1.46 on Friday. TaoWeave has a 12 month low of $0.58 and a 12 month high of $5.50. The business has a 50 day simple moving average of $1.56 and a 200-day simple moving average of $1.77. The stock has a market capitalization of $4.86 million, a PE ratio of -0.85 and a beta of 2.61.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TaoWeave in a research note on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in TaoWeave in the third quarter worth $39,000. XTX Topco Ltd purchased a new stake in TaoWeave during the 4th quarter worth about $30,000. Citadel Advisors LLC purchased a new stake in TaoWeave during the 3rd quarter worth about $56,000. Two Sigma Investments LP purchased a new stake in TaoWeave during the 3rd quarter worth about $58,000. Finally, Boothbay Fund Management LLC purchased a new stake in TaoWeave during the 3rd quarter worth about $120,000. Hedge funds and other institutional investors own 1.98% of the company’s stock.

About TaoWeave

Oblong Inc, together with its subsidiaries, provides multi-stream collaboration technologies and managed services for video collaboration and network applications in the United States and internationally. The company operates in two segments, Collaboration Products and Managed Services. Its flagship product is Mezzanine that enables visual collaboration across multi-users, multi-screens, multi-devices, and multi-locations for video telepresence, laptop and application sharing, and whiteboard sharing and slides applications.