WalkMe (NASDAQ:WKME – Get Free Report)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a report released on Friday, Benzinga reports. They currently have a $20.00 target price on the stock. Needham & Company LLC’s price objective indicates a potential upside of 133.10% from the stock’s current price.
Several other brokerages have also recently issued reports on WKME. Citigroup reduced their price target on shares of WalkMe from $12.00 to $10.00 in a research report on Thursday, May 18th. BMO Capital Markets reduced their price target on shares of WalkMe from $11.00 to $10.50 in a research report on Thursday, May 18th. 51job reissued a “maintains” rating on shares of WalkMe in a research report on Thursday, May 18th. Finally, Barclays reduced their price target on shares of WalkMe from $10.00 to $9.00 in a research report on Wednesday, July 19th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.21.
View Our Latest Stock Analysis on WKME
WalkMe Trading Up 1.5 %
WalkMe (NASDAQ:WKME – Get Free Report) last posted its earnings results on Thursday, August 10th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $66.20 million for the quarter, compared to the consensus estimate of $65.72 million. WalkMe had a negative net margin of 31.29% and a negative return on equity of 32.69%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.35) EPS. On average, sell-side analysts predict that WalkMe will post -0.75 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC acquired a new stake in WalkMe in the 1st quarter valued at $170,000. Clearbridge Investments LLC boosted its stake in WalkMe by 46.9% in the 1st quarter. Clearbridge Investments LLC now owns 854,884 shares of the company’s stock valued at $12,900,000 after buying an additional 272,756 shares in the last quarter. EVR Research LP acquired a new stake in WalkMe in the 1st quarter valued at $11,368,000. Royal Bank of Canada boosted its stake in WalkMe by 29.5% in the 1st quarter. Royal Bank of Canada now owns 69,624 shares of the company’s stock valued at $1,051,000 after buying an additional 15,877 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in WalkMe in the 1st quarter valued at $25,000. 61.04% of the stock is owned by institutional investors.
About WalkMe
WalkMe Ltd. provides cloud-based digital adaption platform and associated professional services in the United States and internationally. The company's digital transformation intelligence provides software stack, actionable insights, and data services. It also provides workflows and applications in the form of UI elements.
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