WalkMe (NASDAQ:WKME) Price Target Cut to $11.00 by Analysts at Morgan Stanley

WalkMe (NASDAQ:WKME) had its target price cut by Morgan Stanley from $12.00 to $11.00 in a research report report published on Wednesday, Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. TheStreet upgraded WalkMe from a d rating to a c- rating in a research note on Wednesday, February 21st. Barclays reduced their price objective on WalkMe from $10.00 to $8.50 and set an underweight rating for the company in a research note on Monday. KeyCorp initiated coverage on WalkMe in a research note on Thursday, March 21st. They issued a sector weight rating for the company. Wells Fargo & Company boosted their price objective on WalkMe from $12.00 to $14.00 and gave the company an overweight rating in a research note on Thursday, February 22nd. Finally, Needham & Company LLC reiterated a buy rating and issued a $20.00 price objective on shares of WalkMe in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $13.36.

WalkMe Stock Performance

WKME stock opened at $7.82 on Wednesday. The business has a 50 day moving average price of $8.93 and a 200 day moving average price of $9.45. WalkMe has a fifty-two week low of $7.60 and a fifty-two week high of $11.44.

WalkMe (NASDAQ:WKME) last posted its earnings results on Wednesday, February 21st. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.03. The firm had revenue of $67.89 million during the quarter, compared to analysts’ expectations of $67.23 million. WalkMe had a negative return on equity of 71.73% and a negative net margin of 22.15%. Analysts forecast that WalkMe will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On WalkMe

Large investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in shares of WalkMe during the first quarter worth approximately $25,000. Qube Research & Technologies Ltd acquired a new position in WalkMe during the third quarter worth $27,000. UBS Group AG acquired a new position in WalkMe during the third quarter worth $35,000. State of Tennessee Treasury Department acquired a new position in WalkMe during the fourth quarter worth $49,000. Finally, Tower Research Capital LLC TRC grew its holdings in WalkMe by 744.0% during the first quarter. Tower Research Capital LLC TRC now owns 5,309 shares of the company’s stock worth $56,000 after acquiring an additional 4,680 shares during the period. Hedge funds and other institutional investors own 70.91% of the company’s stock.

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.