WalkMe (NASDAQ:WKME) Price Target Cut to $10.00 by Analysts at BMO Capital Markets

WalkMe (NASDAQ:WKME) had its price objective lowered by research analysts at BMO Capital Markets from $11.50 to $10.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 14.55% from the company’s current price.

WKME has been the subject of several other research reports. Barclays dropped their price objective on shares of WalkMe from $8.50 to $8.00 and set an “underweight” rating for the company in a report on Thursday. TheStreet raised shares of WalkMe from a “d” rating to a “c-” rating in a report on Wednesday, February 21st. KeyCorp started coverage on shares of WalkMe in a report on Thursday, March 21st. They set a “sector weight” rating for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of WalkMe in a report on Thursday. Finally, Morgan Stanley lowered their price target on shares of WalkMe from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.33.

WalkMe Trading Up 2.6 %

WalkMe stock traded up $0.22 during mid-day trading on Thursday, hitting $8.73. The stock had a trading volume of 17,833 shares, compared to its average volume of 91,998. The firm has a market capitalization of $757.59 million, a P/E ratio of -13.01 and a beta of -0.10. The firm’s 50 day moving average is $8.19 and its 200 day moving average is $9.31. WalkMe has a one year low of $7.60 and a one year high of $11.00.

WalkMe (NASDAQ:WKME) last released its quarterly earnings data on Wednesday, February 21st. The company reported ($0.08) EPS for the quarter, beating 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 business had revenue of $67.89 million during the quarter, compared to the consensus estimate of $67.23 million. As a group, equities research analysts forecast that WalkMe will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On WalkMe

Institutional investors and hedge funds have recently made changes to their positions in the stock. M&T Bank Corp increased its holdings in WalkMe by 23.4% in the third quarter. M&T Bank Corp now owns 12,997 shares of the company’s stock valued at $123,000 after buying an additional 2,464 shares in the last quarter. Jump Financial LLC acquired a new position in WalkMe during the third quarter worth about $142,000. Prosperity Wealth Management Inc. boosted its position in WalkMe by 6.9% during the third quarter. Prosperity Wealth Management Inc. now owns 32,110 shares of the company’s stock worth $304,000 after acquiring an additional 2,060 shares during the last quarter. Acadian Asset Management LLC acquired a new position in WalkMe during the third quarter worth about $884,000. Finally, B. Riley Asset Management LLC boosted its holdings in 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 purchasing an additional 108,798 shares during the last quarter. 70.91% of the stock is currently owned by institutional investors and hedge funds.

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.