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

Shares of WalkMe Ltd. (NASDAQ:WKMEGet Rating) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $14.69.

A number of equities research analysts have recently issued reports on WKME shares. Barclays cut shares of WalkMe from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $15.00 to $9.00 in a report on Tuesday, October 18th. Morgan Stanley dropped their target price on shares of WalkMe from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 16th. The Goldman Sachs Group dropped their target price on shares of WalkMe from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, November 16th. Finally, BMO Capital Markets dropped their target price on shares of WalkMe from $14.00 to $10.50 in a report on Wednesday, November 16th.

WalkMe Stock Performance

Shares of WKME stock opened at $8.40 on Thursday. The firm’s 50-day moving average is $8.37 and its 200-day moving average is $9.81. The stock has a market cap of $694.28 million, a price-to-earnings ratio of -7.06 and a beta of -0.01. WalkMe has a 52-week low of $6.87 and a 52-week high of $21.01.

Hedge Funds Weigh In On WalkMe

Large investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new stake in shares of WalkMe during the first quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of WalkMe during the second quarter worth $33,000. Lazard Asset Management LLC acquired a new stake in shares of WalkMe during the third quarter worth $39,000. Altshuler Shaham Ltd acquired a new stake in shares of WalkMe during the third quarter worth $43,000. Finally, Trexquant Investment LP acquired a new stake in WalkMe in the third quarter worth $111,000. Institutional investors own 59.92% 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.

Further Reading

Analyst Recommendations for WalkMe (NASDAQ:WKME)

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