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

Shares of Workiva Inc. (NYSE:WK) have earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and ten have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $103.9231.

A number of brokerages have recently commented on WK. BTIG Research assumed coverage on Workiva in a report on Tuesday, December 16th. They set a “buy” rating and a $105.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Workiva in a report on Wednesday, January 21st. Stephens increased their price target on Workiva from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, November 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $110.00 price target on shares of Workiva in a research report on Thursday, November 6th. Finally, Truist Financial boosted their price objective on shares of Workiva from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, November 7th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Workiva by 287.8% during 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 during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Workiva during the 4th quarter worth about $26,000. Leonteq Securities AG acquired a new stake in shares of Workiva during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC boosted its position in Workiva by 217.9% in the third quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock valued at $34,000 after buying an additional 268 shares in the last quarter. Finally, Allworth Financial LP boosted its position in Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after buying an additional 186 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Workiva Stock Down 0.8%

Shares of NYSE WK opened at $61.91 on Friday. Workiva has a 12 month low of $60.50 and a 12 month high of $97.10. The company has a market cap of $3.47 billion, a price-to-earnings ratio of -73.70 and a beta of 0.62. The business has a fifty day simple moving average of $82.47 and a 200-day simple moving average of $83.38.

About Workiva

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.