WalkMe Ltd. (NASDAQ:WKME) Given Consensus Rating of “Hold” by Analysts

Shares of WalkMe Ltd. (NASDAQ:WKME) have received a consensus rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.86.

Several analysts have recently commented on the stock. Citigroup lowered their price target on shares of WalkMe from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, May 23rd. Wells Fargo & Company reduced their price objective on shares of WalkMe from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Morgan Stanley reduced their price objective on shares of WalkMe from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. KeyCorp started coverage on shares of WalkMe in a research note on Thursday, March 21st. They set a “sector weight” rating on the stock. Finally, BMO Capital Markets reduced their price objective on shares of WalkMe from $11.50 to $10.00 and set a “market perform” rating on the stock in a research note on Thursday, May 23rd.

Hedge Funds Weigh In On WalkMe

A number of large investors have recently bought and sold shares of WKME. Trexquant Investment LP purchased a new position in WalkMe during the fourth quarter worth approximately $135,000. California State Teachers Retirement System raised its stake in 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 purchasing an additional 2,166 shares during the period. Citigroup Inc. raised its stake in shares of WalkMe by 6.5% in the 3rd quarter. Citigroup Inc. now owns 24,060 shares of the company’s stock valued at $228,000 after acquiring an additional 1,472 shares during the period. Tidal Investments LLC purchased a new position in shares of WalkMe in the 1st quarter valued at $289,000. Finally, Corton Capital Inc. raised its stake in shares of WalkMe by 114.1% in the 3rd quarter. Corton Capital Inc. now owns 39,851 shares of the company’s stock valued at $378,000 after acquiring an additional 21,236 shares during the period. Hedge funds and other institutional investors own 70.91% of the company’s stock.

WalkMe Trading Up 0.1 %

WKME stock opened at $13.88 on Wednesday. The company’s 50 day simple moving average is $10.59 and its 200-day simple moving average is $9.85. WalkMe has a 12 month low of $7.60 and a 12 month high of $14.09.

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

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.