Workiva Inc. (NYSE:WK) Receives Consensus Rating of “Buy” from Brokerages

Workiva Inc. (NYSE:WK) has been assigned an average recommendation of “Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is $99.2222.

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Workiva from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Stifel Nicolaus dropped their target price on shares of Workiva from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Robert W. Baird set a $105.00 target price on shares of Workiva in a research report on Wednesday, June 25th. Stephens reaffirmed an “overweight” rating and issued a $95.00 target price on shares of Workiva in a research report on Thursday, May 22nd. Finally, Raymond James Financial dropped their target price on shares of Workiva from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 1st.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ lifted its position in Workiva by 8.7% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 2,825 shares of the software maker’s stock valued at $214,000 after acquiring an additional 225 shares during the period. Wealth Alliance LLC lifted its position in Workiva by 8.2% during the 2nd quarter. Wealth Alliance LLC now owns 3,122 shares of the software maker’s stock valued at $214,000 after acquiring an additional 236 shares during the period. Xponance Inc. lifted its position in Workiva by 6.7% during the 1st quarter. Xponance Inc. now owns 3,850 shares of the software maker’s stock valued at $292,000 after acquiring an additional 241 shares during the period. Atria Investments Inc lifted its position in Workiva by 6.8% during the 2nd quarter. Atria Investments Inc now owns 4,629 shares of the software maker’s stock valued at $317,000 after acquiring an additional 293 shares during the period. Finally, Bessemer Group Inc. lifted its position in Workiva by 109.2% during the 1st quarter. Bessemer Group Inc. now owns 567 shares of the software maker’s stock valued at $43,000 after acquiring an additional 296 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Stock Up 3.9%

Shares of NYSE:WK opened at $79.8450 on Friday. The stock has a market cap of $4.47 billion, a PE ratio of -66.54 and a beta of 0.86. Workiva has a 52 week low of $60.50 and a 52 week high of $116.83. The company’s fifty day moving average is $70.36 and its 200 day moving average is $74.38.

Workiva (NYSE:WK) last announced its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.14. The firm had revenue of $215.19 million during the quarter, compared to the consensus estimate of $208.92 million. During the same period last year, the business earned $0.16 EPS. Workiva’s revenue was up 21.2% on a year-over-year basis. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. Sell-side analysts anticipate that Workiva will post -0.92 EPS for the current year.

About Workiva

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.