Shares of WalkMe Ltd. (NASDAQ:WKME – Get Free Report) reached a new 52-week low during mid-day trading on Monday after Barclays lowered their price target on the stock from $10.00 to $8.50. Barclays currently has an underweight rating on the stock. WalkMe traded as low as $7.75 and last traded at $7.75, with a volume of 23557 shares trading hands. The stock had previously closed at $7.93.
Several other research firms also recently issued reports on WKME. KeyCorp began coverage on WalkMe in a report on Thursday, March 21st. They issued a “sector weight” rating on the stock. Wells Fargo & Company upped their price target on WalkMe from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. TheStreet upgraded WalkMe from a “d” rating to a “c-” rating in a report on Wednesday, February 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of WalkMe in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, WalkMe currently has an average rating of “Hold” and a consensus price target of $13.75.
View Our Latest Analysis on WalkMe
Institutional Investors Weigh In On WalkMe
WalkMe Stock Performance
The company has a 50-day moving average price of $9.03 and a 200-day moving average price of $9.48. The firm has a market capitalization of $676.02 million, a price-to-earnings ratio of -11.63 and a beta of -0.13.
WalkMe (NASDAQ:WKME – Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. The business had revenue of $67.89 million during the quarter, compared to analysts’ expectations of $67.23 million. WalkMe had a negative return on equity of 71.73% and a negative net margin of 22.15%. On average, research analysts expect that WalkMe Ltd. will post -0.43 earnings per share for the current fiscal year.
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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