WalkMe (NASDAQ:WKME) Price Target Cut to $11.00 by Analysts at Morgan Stanley

WalkMe (NASDAQ:WKMEFree Report) had its target price cut by Morgan Stanley from $12.00 to $11.00 in a report issued on Wednesday, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts also recently issued reports on the company. TheStreet upgraded WalkMe from a d rating to a c- rating in a report on Wednesday, February 21st. KeyCorp started coverage on WalkMe in a report on Thursday, March 21st. They set a sector weight rating on the stock. Needham & Company LLC restated a buy rating and set a $20.00 price objective on shares of WalkMe in a report on Thursday, February 22nd. Barclays dropped their price objective on WalkMe from $10.00 to $8.50 and set an underweight rating on the stock in a report on Monday. Finally, Wells Fargo & Company lifted their price objective on WalkMe from $12.00 to $14.00 and gave the stock an overweight rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, WalkMe currently has a consensus rating of Hold and a consensus price target of $13.36.

View Our Latest Stock Report on WKME

WalkMe Price Performance

WalkMe stock opened at $7.82 on Wednesday. The stock’s 50 day moving average price is $8.93 and its 200 day moving average price is $9.45. WalkMe has a one year low of $7.60 and a one year high of $11.44.

WalkMe (NASDAQ:WKMEGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.08) EPS for the quarter, topping 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 firm had revenue of $67.89 million for the quarter, compared to analyst estimates of $67.23 million. As a group, research analysts predict that WalkMe will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On WalkMe

A number of institutional investors have recently made changes to their positions in the company. B. Riley Asset Management LLC increased its holdings in shares of WalkMe by 9.0% in the 3rd quarter. B. Riley Asset Management LLC now owns 1,318,554 shares of the company’s stock valued at $12,500,000 after acquiring an additional 108,798 shares during the last quarter. FMR LLC boosted its position in WalkMe by 1.5% during the 1st quarter. FMR LLC now owns 1,102,087 shares of the company’s stock valued at $11,726,000 after purchasing an additional 16,760 shares during the period. Clearbridge Investments LLC boosted its position in WalkMe by 46.9% during the 1st quarter. Clearbridge Investments LLC now owns 854,884 shares of the company’s stock valued at $12,900,000 after purchasing an additional 272,756 shares during the period. EVR Research LP acquired a new position in WalkMe during the 1st quarter valued at approximately $11,368,000. Finally, Scalar Gauge Management LLC acquired a new position in WalkMe during the 4th quarter valued at approximately $6,083,000. 70.91% of the stock is currently owned by institutional investors.

WalkMe Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for WalkMe (NASDAQ:WKME)

Receive News & Ratings for WalkMe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WalkMe and related companies with MarketBeat.com's FREE daily email newsletter.