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Niche Healthcare Software Platform with Unusual Open Interest

Niche Healthcare Software Platform with Unusual Open Interest

by | Dec 17, 2024 | Open Interest Alerts

WEAV impressive trend, name that has 7000 February $15 calls in open interest from late October action at $1/contract

WEAV develops a customer communication platform for service-based businesses that offers voice, short message service, email and marketing services to dental, optometry, medical, and veterinary offices

WEAV has $1.16B market cap and trades 4.9X EV/Sales with revenues seen rising 15%+ annually each of the next two years. WEAV is levered to small and medium-sized healthcare practices with its current focus a $7B TAM, very niche business. The integration of fintech solutions like payment processing; buy now, pay over time; and payment plans is a natural progression to help practitioners accelerate collections and increase the acceptance rates of additional services.

WEAV recently launched Weave Platform which it calls the most significant product launch in the company’s history, at the forefront of administrative AI solutions for healthcare practices and an AI-powered Weave Assistant is integrated throughout the new platform. AI tools could automate nearly 45% of administrative tasks in the healthcare sector, potentially saving $150 billion annually. Weave Assistant helps craft personalized responses to reviews, write professional-branded e-mails, and automate tasks like message tagging and voicemail transcriptions. Our new call intelligence product leverages a custom AI model to extract actionable insights from call data.