WalkMe Ltd. (NASDAQ:WKME) Receives Consensus Recommendation of “Hold” from Analysts

WalkMe Ltd. (NASDAQ:WKME) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $12.86.

Several research firms have issued reports on WKME. Morgan Stanley dropped their target price on WalkMe from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Barclays dropped their target price on WalkMe from $8.50 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, May 23rd. Wells Fargo & Company dropped their target price on WalkMe from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. BMO Capital Markets dropped their target price on WalkMe from $11.50 to $10.00 and set a “market perform” rating on the stock in a research report on Thursday, May 23rd. Finally, Citigroup dropped their target price on WalkMe from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, May 23rd.

Institutional Trading of WalkMe

Several large investors have recently added to or reduced their stakes in the stock. Citigroup Inc. increased its holdings in WalkMe by 6.5% in the 3rd quarter. Citigroup Inc. now owns 24,060 shares of the company’s stock valued at $228,000 after purchasing an additional 1,472 shares in the last quarter. California State Teachers Retirement System increased its holdings in WalkMe by 9.1% in the 1st quarter. California State Teachers Retirement System now owns 26,070 shares of the company’s stock valued at $224,000 after purchasing an additional 2,166 shares in the last quarter. Quadrature Capital Ltd increased its holdings in WalkMe by 14.8% in the 1st quarter. Quadrature Capital Ltd now owns 68,703 shares of the company’s stock valued at $589,000 after purchasing an additional 8,841 shares in the last quarter. Trexquant Investment LP acquired a new stake in WalkMe in the 4th quarter valued at $135,000. Finally, Tidal Investments LLC acquired a new stake in WalkMe in the 1st quarter valued at $289,000. 70.91% of the stock is currently owned by institutional investors and hedge funds.

WalkMe Stock Performance

Shares of WKME stock opened at $13.87 on Friday. WalkMe has a 52-week low of $7.60 and a 52-week high of $14.09. The stock’s 50-day moving average price is $12.68 and its 200 day moving average price is $10.33.

WalkMe (NASDAQ:WKME) last issued its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.06. The firm had revenue of $68.57 million for the quarter, compared to analysts’ expectations of $68.10 million. WalkMe had a negative return on equity of 43.53% and a negative net margin of 14.52%.

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.