WalkMe Ltd. (NASDAQ:WKME) Given Average Rating of “Hold” by Analysts

Shares of WalkMe Ltd. (NASDAQ:WKME) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $13.75.

WKME has been the subject of a number of recent analyst reports. KeyCorp initiated coverage on WalkMe in a research report on Thursday, March 21st. They set a “sector weight” rating for the company. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of WalkMe in a research report on Thursday, February 22nd. Wells Fargo & Company increased their target price on WalkMe from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Barclays decreased their target price on WalkMe from $10.00 to $8.50 and set an “underweight” rating for the company in a research report on Monday. Finally, TheStreet raised WalkMe from a “d” rating to a “c-” rating in a research report on Wednesday, February 21st.

Institutional Investors Weigh In On WalkMe

Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in WalkMe during the first quarter valued at approximately $25,000. Qube Research & Technologies Ltd purchased a new stake in WalkMe during the third quarter valued at approximately $27,000. UBS Group AG purchased a new stake in WalkMe during the third quarter valued at approximately $35,000. State of Tennessee Treasury Department purchased a new stake in WalkMe during the fourth quarter valued at approximately $49,000. Finally, Tower Research Capital LLC TRC lifted its position in WalkMe by 744.0% during the first quarter. Tower Research Capital LLC TRC now owns 5,309 shares of the company’s stock valued at $56,000 after acquiring an additional 4,680 shares during the last quarter. 70.91% of the stock is owned by hedge funds and other institutional investors.

WalkMe Trading Down 1.0 %

WKME opened at $7.71 on Friday. The stock has a 50-day moving average price of $8.98 and a 200-day moving average price of $9.46. WalkMe has a 12-month low of $7.60 and a 12-month high of $11.44. The stock has a market capitalization of $669.07 million, a P/E ratio of -11.51 and a beta of -0.13.

WalkMe (NASDAQ:WKME) last issued its earnings results on Wednesday, February 21st. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.03. The company 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, equities research analysts predict that WalkMe will post -0.43 EPS for the current 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.