Analysts Set WalkMe Ltd. (NASDAQ:WKME) Price Target at $13.07

Shares of WalkMe Ltd. (NASDAQ:WKME) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $13.07.

A number of research analysts recently commented on the company. Morgan Stanley cut their target price on WalkMe from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. KeyCorp started coverage on WalkMe in a report on Thursday, March 21st. They set a “sector weight” rating on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of WalkMe in a report on Monday. Barclays dropped their price target on WalkMe from $10.00 to $8.50 and set an “underweight” rating on the stock in a research report on Monday, April 15th. Finally, TheStreet upgraded WalkMe from a “d” rating to a “c-” rating in a research note on Wednesday, February 21st.

WalkMe Trading Up 1.4 %

Shares of WalkMe stock opened at $8.21 on Tuesday. The company’s 50-day moving average price is $8.30 and its two-hundred day moving average price is $9.36. The stock has a market cap of $712.46 million, a PE ratio of -12.25 and a beta of -0.10. WalkMe has a 52 week low of $7.60 and a 52 week high of $11.00.

WalkMe (NASDAQ:WKME) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.03. WalkMe had a negative return on equity of 71.73% and a negative net margin of 22.15%. The business had revenue of $67.89 million during the quarter, compared to analysts’ expectations of $67.23 million. On average, equities analysts predict that WalkMe will post -0.43 EPS for the current fiscal year.

Institutional Trading of WalkMe

Several hedge funds have recently made changes to their positions in WKME. Citigroup Inc. increased its position in shares of WalkMe by 6.5% during the third quarter. Citigroup Inc. now owns 24,060 shares of the company’s stock valued at $228,000 after buying an additional 1,472 shares during the period. Prosperity Wealth Management Inc. lifted its holdings in shares of WalkMe by 6.9% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 32,110 shares of the company’s stock worth $304,000 after acquiring an additional 2,060 shares during the last quarter. M&T Bank Corp raised its position in WalkMe by 23.4% in the 3rd quarter. M&T Bank Corp now owns 12,997 shares of the company’s stock worth $123,000 after purchasing an additional 2,464 shares during the period. Trexquant Investment LP bought a new position in shares of WalkMe during the fourth quarter valued at about $135,000. Finally, Jump Financial LLC purchased a new position in WalkMe in the 3rd quarter worth approximately $142,000. 70.91% of the stock is currently owned by institutional investors.

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.