WalkMe (NASDAQ:WKME) Hits New 1-Year Low at $20.66

WalkMe Ltd. (NASDAQ:WKME)’s share price reached a new 52-week low on Tuesday . The company traded as low as $20.66 and last traded at $20.66, with a volume of 9068 shares. The stock had previously closed at $22.28.

A number of research firms recently issued reports on WKME. Zacks Investment Research downgraded shares of WalkMe from a “hold” rating to a “sell” rating in a research note on Saturday, September 11th. Needham & Company LLC began coverage on WalkMe in a report on Thursday, August 26th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Barclays dropped their target price on WalkMe from $42.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, November 11th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $39.75.

The firm’s fifty day simple moving average is $26.73.

WalkMe (NASDAQ:WKME) last posted its quarterly earnings data on Wednesday, November 10th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.07. WalkMe had a negative return on equity of 189.88% and a negative net margin of 48.69%. Research analysts forecast that WalkMe Ltd. will post -0.74 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Clearbridge Investments LLC purchased a new stake in WalkMe during the second quarter valued at $12,750,000. Walleye Capital LLC purchased a new stake in WalkMe during the second quarter valued at $2,195,000. JPMorgan Chase & Co. purchased a new stake in WalkMe during the second quarter valued at $29,000. HBK Investments L P purchased a new stake in WalkMe in the second quarter worth about $2,414,000. Finally, Boothbay Fund Management LLC purchased a new stake in WalkMe in the second quarter worth about $336,000. Institutional investors own 56.03% of the company’s stock.

WalkMe Company Profile (NASDAQ:WKME)

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.

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