WalkMe Ltd. (NASDAQ:WKME) Receives Consensus Rating of “Hold” from Brokerages

WalkMe Ltd. (NASDAQ:WKME) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $13.07.

A number of research firms have weighed in on WKME. Wells Fargo & Company decreased their price objective on WalkMe from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday. Barclays lowered their price objective on shares of WalkMe from $10.00 to $8.50 and set an “underweight” rating on the stock in a research report on Monday, April 15th. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of WalkMe in a research report on Monday. Morgan Stanley lowered their target price on shares of WalkMe from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Finally, TheStreet raised shares of WalkMe from a “d” rating to a “c-” rating in a report on Wednesday, February 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WKME. M&T Bank Corp grew its holdings in shares of WalkMe by 23.4% in the 3rd quarter. M&T Bank Corp now owns 12,997 shares of the company’s stock worth $123,000 after acquiring an additional 2,464 shares during the period. Trexquant Investment LP purchased a new stake in WalkMe during the fourth quarter worth $135,000. Jump Financial LLC acquired a new stake in WalkMe in the third quarter valued at $142,000. Citigroup Inc. increased its position in shares of WalkMe by 6.5% in the third quarter. Citigroup Inc. now owns 24,060 shares of the company’s stock valued at $228,000 after buying an additional 1,472 shares in the last quarter. Finally, Prosperity Wealth Management Inc. raised its stake in shares of WalkMe by 6.9% during the 3rd quarter. Prosperity Wealth Management Inc. now owns 32,110 shares of the company’s stock worth $304,000 after buying an additional 2,060 shares during the last quarter. 70.91% of the stock is currently owned by institutional investors and hedge funds.

WalkMe Trading Up 1.2 %

Shares of WKME opened at $8.21 on Tuesday. The company’s 50 day simple moving average is $8.39 and its 200-day simple moving average is $9.38. The firm has a market cap of $712.46 million, a PE ratio of -12.25 and a beta of -0.10. WalkMe has a 12-month low of $7.60 and a 12-month high of $11.00.

WalkMe (NASDAQ:WKME) last issued 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. WalkMe had a negative net margin of 22.15% and a negative return on equity of 71.73%. The company had revenue of $67.89 million for the quarter, compared to the consensus estimate of $67.23 million. As a group, equities research analysts forecast that WalkMe will post -0.43 EPS for the current fiscal year.

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.