WalkMe (NASDAQ:WKME) Research Coverage Started at BMO Capital Markets

Investment analysts at BMO Capital Markets started coverage on shares of WalkMe (NASDAQ:WKMEGet Rating) in a research note issued on Thursday, TipRanks reports. The firm set a “buy” rating and a $10.00 price target on the stock. BMO Capital Markets’ target price points to a potential upside of 4.71% from the company’s current price.

WKME has been the topic of several other reports. Needham & Company LLC reduced their price objective on shares of WalkMe from $40.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday. Citigroup boosted their price target on shares of WalkMe from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, February 17th. Wells Fargo & Company cut their price target on shares of WalkMe from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday. KeyCorp cut their price target on shares of WalkMe from $23.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, April 25th. Finally, Zacks Investment Research upgraded shares of WalkMe from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, WalkMe currently has a consensus rating of “Buy” and an average target price of $24.50.

WKME traded up $0.48 on Thursday, hitting $9.55. The company had a trading volume of 6,142 shares, compared to its average volume of 196,604. WalkMe has a 1 year low of $7.60 and a 1 year high of $34.42. The company’s fifty day moving average price is $14.34 and its 200 day moving average price is $16.63.

WalkMe (NASDAQ:WKMEGet Rating) last issued its quarterly earnings data on Monday, May 23rd. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.01. The firm had revenue of $56.85 million for the quarter, compared to analyst estimates of $56.10 million. WalkMe had a negative net margin of 49.57% and a negative return on equity of 50.71%. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. Equities research analysts forecast that WalkMe will post -1.06 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. North Peak Capital Management LLC purchased a new stake in shares of WalkMe during the third quarter worth approximately $7,303,000. Washington Harbour Partners LP acquired a new position in WalkMe in the third quarter valued at approximately $1,825,000. Allspring Global Investments Holdings LLC acquired a new position in WalkMe in the fourth quarter valued at approximately $19,046,000. Geode Capital Management LLC boosted its holdings in WalkMe by 2.8% in the third quarter. Geode Capital Management LLC now owns 60,522 shares of the company’s stock valued at $1,800,000 after purchasing an additional 1,672 shares in the last quarter. Finally, StepStone Group LP acquired a new position in WalkMe in the third quarter valued at approximately $308,414,000. Hedge funds and other institutional investors own 85.45% of the company’s stock.

About WalkMe (Get Rating)

WalkMe Ltd. provides cloud-based digital adoption platform in the United States and internationally. Its digital adoption platform enables organizations to measure, drive, and act to maximize the impact of their digital transformation and accelerate the return on their software investment. The company was formerly known as Make Tutorial Ltd.

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Analyst Recommendations for WalkMe (NASDAQ:WKME)

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