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

by · The Cerbat Gem

Workiva Inc. (NYSE:WK – Get Free Report) has received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $103.00.

A number of research analysts have recently commented on the stock. Stifel Nicolaus set a $98.00 price target on shares of Workiva in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Workiva in a research note on Wednesday, October 8th. The Goldman Sachs Group restated a “buy” rating and set a $110.00 target price on shares of Workiva in a research report on Thursday, November 6th. UBS Group set a $110.00 target price on Workiva in a research note on Sunday, November 9th. Finally, Stephens lifted their price target on Workiva from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, November 10th.

Get Our Latest Stock Report on WK

Hedge Funds Weigh In On Workiva

A number of hedge funds and other institutional investors have recently bought and sold shares of WK. GAMMA Investing LLC increased its holdings in shares of Workiva by 287.8% in the 3rd quarter. GAMMA Investing LLC now owns 287 shares of the software maker’s stock worth $25,000 after buying an additional 213 shares during the last quarter. SVB Wealth LLC purchased a new position in Workiva in the first quarter worth $26,000. EverSource Wealth Advisors LLC grew 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 worth $34,000 after acquiring an additional 268 shares in the last quarter. Allworth Financial LP increased its stake 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 acquiring an additional 186 shares during the last quarter. Finally, Harbour Investments Inc. purchased a new stake in Workiva during the first quarter valued at about $39,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Stock Down 0.7%

WK stock opened at $91.70 on Tuesday. The stock has a 50-day simple moving average of $88.90 and a two-hundred day simple moving average of $78.41. Workiva has a twelve month low of $60.50 and a twelve month high of $116.83. The firm has a market capitalization of $5.15 billion, a PE ratio of -109.17 and a beta of 0.64.

Workiva (NYSE:WK – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $224.17 million during the quarter, compared to the consensus estimate of $218.96 million. Workiva’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. 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, equities research analysts anticipate that Workiva will post -0.92 EPS for the current fiscal year.

About Workiva

(Get Free Report)

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.

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