Brokerages Set WalkMe Ltd. (NASDAQ:WKME) PT at $12.86

WalkMe Ltd. (NASDAQ:WKME) has been given an average recommendation of “Hold” by the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $12.86.

Several equities research analysts have recently issued reports on WKME shares. BMO Capital Markets reduced their price target on WalkMe from $11.50 to $10.00 and set a “market perform” rating for the company in a report on Thursday, May 23rd. Barclays decreased their target price on shares of WalkMe from $8.50 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, May 23rd. Needham & Company LLC restated a “hold” rating on shares of WalkMe in a research note on Thursday, June 6th. Wells Fargo & Company reduced their price objective on shares of WalkMe from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Finally, Morgan Stanley lowered their target price on shares of WalkMe from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th.

WalkMe Stock Down 0.1 %

WKME stock opened at $13.85 on Friday. The company has a 50 day moving average of $12.57 and a two-hundred day moving average of $10.31. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -31.48 and a beta of 0.15. WalkMe has a 12-month low of $7.60 and a 12-month high of $14.09.

WalkMe (NASDAQ:WKME) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.06. WalkMe had a negative return on equity of 43.53% and a negative net margin of 14.52%. The business had revenue of $68.57 million during the quarter, compared to analyst estimates of $68.10 million.

Institutional Investors Weigh In On WalkMe

A number of hedge funds have recently bought and sold shares of the company. Tidal Investments LLC acquired a new position in shares of WalkMe during the 1st quarter worth about $289,000. California State Teachers Retirement System lifted its holdings in shares of WalkMe by 9.1% during the first quarter. California State Teachers Retirement System now owns 26,070 shares of the company’s stock worth $224,000 after buying an additional 2,166 shares during the last quarter. Quadrature Capital Ltd boosted its position in shares of WalkMe by 14.8% in the first quarter. Quadrature Capital Ltd now owns 68,703 shares of the company’s stock valued at $589,000 after acquiring an additional 8,841 shares during the period. Acadian Asset Management LLC grew its stake in shares of WalkMe by 74.2% in the first quarter. Acadian Asset Management LLC now owns 256,431 shares of the company’s stock worth $2,190,000 after acquiring an additional 109,187 shares during the last quarter. Finally, Horrell Capital Management Inc. increased its position in WalkMe by 231.4% during the first quarter. Horrell Capital Management Inc. now owns 303,459 shares of the company’s stock worth $2,610,000 after acquiring an additional 211,900 shares during the period. 70.91% of the stock is currently owned by institutional investors.

WalkMe Company Profile

WalkMe Ltd. provides cloud-based digital adaption platform and associated professional services in the United States and internationally. The company's AI-driven digital adoption platform helps companies to effectively navigate change brought by technology, which stack, identifies, and delivers the personalized guidance and automation.