Workiva Inc. (NYSE:WK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Workiva Inc. (NYSE:WK) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $103.9231.

A number of equities analysts recently commented on WK shares. Stifel Nicolaus set a $98.00 price objective on shares of Workiva in a research note on Thursday, November 6th. Capital One Financial set a $100.00 price target on Workiva in a report on Tuesday, September 30th. Raymond James Financial reissued an “outperform” rating and issued a $105.00 price target on shares of Workiva in a research report on Wednesday, December 10th. Stephens raised their price objective on Workiva from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Finally, Truist Financial lifted their target price on Workiva from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 7th.

Institutional Investors Weigh In On Workiva

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Workiva by 287.8% in the third quarter. GAMMA Investing LLC now owns 287 shares of the software maker’s stock valued at $25,000 after acquiring an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Workiva by 217.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock valued at $34,000 after purchasing an additional 268 shares during the last quarter. Allworth Financial LP boosted its position in shares of Workiva by 82.3% in the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after purchasing an additional 186 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Workiva in the 2nd quarter worth $51,000. Finally, Essex Investment Management Co. LLC purchased a new position in Workiva during the 3rd quarter worth $63,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Price Performance

WK stock opened at $83.88 on Wednesday. Workiva has a 1-year low of $60.50 and a 1-year high of $115.00. The business has a 50-day moving average price of $88.74 and a 200 day moving average price of $82.74. The company has a market capitalization of $4.71 billion, a P/E ratio of -99.86 and a beta of 0.60.

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

Workiva Company Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.