WalkMe (NASDAQ:WKME) Given New $11.00 Price Target at Morgan Stanley

WalkMe (NASDAQ:WKME) had its price objective dropped by investment analysts at Morgan Stanley from $12.00 to $11.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 37.67% from the company’s previous close.

Several other equities research analysts have also recently commented on WKME. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of WalkMe in a report on Thursday, February 22nd. Barclays reduced their target price on WalkMe from $10.00 to $8.50 and set an “underweight” rating for the company in a report on Monday. TheStreet raised WalkMe from a “d” rating to a “c-” rating in a research report on Wednesday, February 21st. Wells Fargo & Company upped their price target on WalkMe from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Finally, KeyCorp started coverage on WalkMe in a report on Thursday, March 21st. They set a “sector weight” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, WalkMe presently has an average rating of “Hold” and a consensus target price of $13.36.

WalkMe Price Performance

NASDAQ WKME opened at $7.99 on Wednesday. WalkMe has a 1-year low of $7.60 and a 1-year high of $11.19. The stock has a market capitalization of $693.37 million, a price-to-earnings ratio of -11.93 and a beta of -0.14. The business’s fifty day moving average price is $8.88 and its 200-day moving average price is $9.44.

WalkMe (NASDAQ:WKME) last issued its earnings results on Wednesday, February 21st. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $67.23 million. Equities research analysts anticipate that WalkMe will post -0.43 EPS for the current year.

Institutional Trading of WalkMe

Several institutional investors have recently added to or reduced their stakes in WKME. Quadrature Capital Ltd increased its position in WalkMe by 203.9% during the 4th quarter. Quadrature Capital Ltd now owns 59,862 shares of the company’s stock worth $637,000 after buying an additional 40,161 shares during the period. Virtu Financial LLC acquired a new position in shares of WalkMe in the fourth quarter valued at about $114,000. GSA Capital Partners LLP increased its position in WalkMe by 310.1% during the fourth quarter. GSA Capital Partners LLP now owns 79,323 shares of the company’s stock worth $846,000 after acquiring an additional 59,979 shares during the period. Nuveen Asset Management LLC acquired a new stake in WalkMe in the 4th quarter worth about $1,405,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in WalkMe in the 4th quarter worth about $195,000. 70.91% of the stock is currently owned by institutional investors.

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.