Workiva Inc. (NYSE:WK) Given Average Rating of “Moderate Buy” by Brokerages

Workiva Inc. (NYSE:WK) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $100.5455.

A number of equities 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 note on Saturday, August 2nd. Raymond James Financial cut their price objective on Workiva from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, August 1st. Capital One Financial set a $100.00 price objective on Workiva in a research note on Tuesday, September 30th. Wolfe Research increased their target price on Workiva from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Workiva in a report on Wednesday, October 8th.

Workiva Price Performance

NYSE WK opened at $87.04 on Friday. Workiva has a 1-year low of $60.50 and a 1-year high of $116.83. The firm has a market capitalization of $4.88 billion, a P/E ratio of -103.62 and a beta of 0.87. The business’s 50-day simple moving average is $84.21 and its 200-day simple moving average is $75.13.

Workiva (NYSE:WK) last posted its quarterly earnings results on Wednesday, November 5th. The software maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.38 by $0.17. The business had revenue of $224.17 million during the quarter, compared to analysts’ expectations of $218.96 million. The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS. Q4 2025 guidance at 0.670-0.700 EPS. On average, equities research analysts expect that Workiva will post -0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Eminence Capital LP lifted its holdings in Workiva by 209.6% in the 2nd quarter. Eminence Capital LP now owns 2,646,768 shares of the software maker’s stock worth $181,171,000 after buying an additional 1,791,768 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Workiva in the second quarter worth $88,677,000. Alliancebernstein L.P. raised its holdings in Workiva by 1,177.5% in the first quarter. Alliancebernstein L.P. now owns 780,130 shares of the software maker’s stock valued at $59,220,000 after acquiring an additional 719,062 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Workiva by 32.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,834,723 shares of the software maker’s stock valued at $215,184,000 after acquiring an additional 686,702 shares in the last quarter. Finally, Norges Bank bought a new position in Workiva during the 2nd quarter valued at $40,230,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Company Profile

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.