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

Posted by Defense World Staff on May 18th, 2023

Shares of WalkMe Ltd. (NASDAQ:WKME – Get Rating) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $12.57.

Several brokerages have commented on WKME. Citigroup upped their price objective on shares of WalkMe from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, February 17th. Wells Fargo & Company raised their price objective on shares of WalkMe from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Thursday, February 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of WalkMe in a research report on Wednesday, April 19th. BMO Capital Markets lowered WalkMe from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $13.00 to $11.00 in a research report on Monday, May 8th. Finally, Morgan Stanley dropped their price target on WalkMe from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 16th.

WalkMe Price Performance

WKME opened at $9.25 on Thursday. WalkMe has a one year low of $6.87 and a one year high of $14.80. The business has a 50 day simple moving average of $9.97 and a two-hundred day simple moving average of $9.79. The firm has a market capitalization of $764.53 million, a price-to-earnings ratio of -8.49 and a beta of -0.23.

WalkMe (NASDAQ:WKME – Get Rating) last announced its earnings results on Wednesday, February 15th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. The company had revenue of $64.86 million during the quarter, compared to the consensus estimate of $63.75 million. WalkMe had a negative return on equity of 105.46% and a negative net margin of 37.81%. As a group, sell-side analysts expect that WalkMe will post -0.69 EPS for the current fiscal year.

Institutional Trading of WalkMe

Hedge funds have recently made changes to their positions in the stock. EVR Research LP raised its stake in WalkMe by 14.6% during the third quarter. EVR Research LP now owns 3,177,000 shares of the company’s stock valued at $27,005,000 after buying an additional 404,361 shares during the last quarter. FMR LLC boosted its stake in WalkMe by 1.5% in the 1st quarter. FMR LLC now owns 1,102,087 shares of the company’s stock worth $11,726,000 after purchasing an additional 16,760 shares in the last quarter. Clearbridge Investments LLC grew its position in WalkMe by 2.1% during the 1st quarter. Clearbridge Investments LLC now owns 935,712 shares of the company’s stock valued at $9,956,000 after purchasing an additional 19,576 shares during the last quarter. B. Riley Asset Management LLC increased its stake in WalkMe by 21.7% during the 1st quarter. B. Riley Asset Management LLC now owns 913,096 shares of the company’s stock valued at $9,715,000 after purchasing an additional 162,931 shares in the last quarter. Finally, Portolan Capital Management LLC raised its holdings in WalkMe by 254.2% in the third quarter. Portolan Capital Management LLC now owns 856,020 shares of the company’s stock worth $7,276,000 after buying an additional 614,339 shares during the last quarter. 61.04% of the stock is owned by institutional investors.

WalkMe Company Profile

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WalkMe Ltd. provides cloud-based digital adoption platform in the United States and internationally. Its digital adoption platform enables organizations to measure, drive, and act to maximize the impact of their digital transformation and accelerate the return on their software investment. The company was formerly known as Make Tutorial Ltd.