WalkMe Ltd. (NASDAQ:WKME – Get Free Report) was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling 555,200 shares, a decline of 31.8% from the June 30th total of 813,700 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 785,500 shares, the short-interest ratio is currently 0.7 days.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Citigroup reduced their price target on WalkMe from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, May 23rd. Barclays reduced their price target on WalkMe from $8.50 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, May 23rd. Morgan Stanley reduced their price target on WalkMe from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. 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 research report on Thursday, May 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of WalkMe in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.86.
Read Our Latest Stock Analysis on WKME
Hedge Funds Weigh In On WalkMe
WalkMe Stock Up 0.1 %
Shares of WKME traded up $0.02 during mid-day trading on Friday, reaching $13.87. The company had a trading volume of 583,855 shares, compared to its average volume of 335,206. WalkMe has a 52-week low of $7.60 and a 52-week high of $14.09. The stock has a 50 day moving average of $12.68 and a two-hundred day moving average of $10.33.
WalkMe (NASDAQ:WKME – Get Free Report) last issued its earnings results on Wednesday, May 22nd. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $68.57 million for the quarter, compared to the consensus estimate of $68.10 million.
About WalkMe
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.
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