WalkMe Ltd. (NASDAQ:WKME) Receives $12.86 Average PT from Analysts

WalkMe Ltd. (NASDAQ:WKME) has received a consensus rating of “Hold” from the eight brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $12.86.

Several analysts have recently weighed in on WKME shares. Citigroup decreased their price objective on WalkMe from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Needham & Company LLC reiterated a “hold” rating on shares of WalkMe in a research note on Thursday, June 6th. 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 research note on Thursday, May 23rd. Wells Fargo & Company decreased their target price on shares of WalkMe from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Finally, BMO Capital Markets cut their price target on shares of WalkMe from $11.50 to $10.00 and set a “market perform” rating for the company in a research note on Thursday, May 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Water Island Capital LLC bought a new position in WalkMe in the 2nd quarter valued at $11,902,000. Slotnik Capital LLC bought a new position in shares of WalkMe in the second quarter valued at about $10,480,000. Scalar Gauge Management LLC acquired a new position in WalkMe during the 4th quarter worth about $6,083,000. Glazer Capital LLC bought a new stake in WalkMe during the 2nd quarter worth about $5,514,000. Finally, Horrell Capital Management Inc. raised its stake in shares of WalkMe by 231.4% in the first quarter. Horrell Capital Management Inc. now owns 303,459 shares of the company’s stock worth $2,610,000 after acquiring an additional 211,900 shares during the last quarter. 70.91% of the stock is owned by institutional investors and hedge funds.

WalkMe Price Performance

NASDAQ:WKME opened at $13.82 on Thursday. WalkMe has a one year low of $7.60 and a one year high of $14.09. The company has a fifty day moving average price of $13.86 and a 200 day moving average price of $10.71. The stock has a market cap of $1.20 billion, a P/E ratio of -31.41 and a beta of 0.15.

WalkMe (NASDAQ:WKME) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. WalkMe had a negative net margin of 16.55% and a negative return on equity of 9.60%. The business had revenue of $69.51 million during the quarter, compared to analyst estimates of $69.61 million. The business’s quarterly revenue was up 5.1% compared to the same quarter last year.

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.