Workiva (NYSE:WK) Rating Lowered to Hold at Zacks Research

by · The Cerbat Gem

Workiva (NYSE:WK – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

WK has been the subject of a number of other research reports. Stephens reissued an “overweight” rating and issued a $68.00 target price on shares of Workiva in a research note on Tuesday, May 26th. Weiss Ratings downgraded Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Raymond James Financial reissued an “outperform” rating and set a $85.00 price objective on shares of Workiva in a research note on Wednesday, May 6th. Robert W. Baird set a $74.00 target price on shares of Workiva in a report on Wednesday, May 6th. Finally, Stifel Nicolaus decreased their target price on shares of Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.50.

Get Our Latest Stock Analysis on Workiva

Workiva Stock Performance

WK stock opened at $52.91 on Monday. Workiva has a 52 week low of $43.34 and a 52 week high of $97.10. The firm’s fifty day moving average is $49.56 and its 200 day moving average is $62.40. The firm has a market cap of $2.97 billion, a P/E ratio of 230.06 and a beta of 0.50.

Workiva (NYSE:WK – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.11. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The business had revenue of $247.31 million during the quarter, compared to the consensus estimate of $245.17 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. As a group, analysts forecast that Workiva will post 0.92 EPS for the current year.

Insider Buying and Selling

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $49.69, for a total value of $49,690.00. Following the completion of the sale, the director owned 34,802 shares in the company, valued at approximately $1,729,311.38. This trade represents a 2.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.77% of the stock is owned by insiders.

Institutional Trading of Workiva

Several large investors have recently added to or reduced their stakes in WK. LPL Financial LLC raised its holdings in Workiva by 0.9% in the 4th quarter. LPL Financial LLC now owns 20,475 shares of the software maker’s stock worth $1,766,000 after purchasing an additional 185 shares in the last quarter. Allworth Financial LP increased its position in shares of Workiva by 82.3% during 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 during the period. King Luther Capital Management Corp increased its position in shares of Workiva by 0.3% during the fourth quarter. King Luther Capital Management Corp now owns 80,083 shares of the software maker’s stock valued at $6,907,000 after buying an additional 248 shares during the period. Farther Finance Advisors LLC raised its stake in Workiva by 66.0% in the fourth quarter. Farther Finance Advisors LLC now owns 669 shares of the software maker’s stock worth $58,000 after buying an additional 266 shares in the last quarter. Finally, First Horizon Corp lifted its holdings in Workiva by 112.1% in the fourth quarter. First Horizon Corp now owns 509 shares of the software maker’s stock worth $44,000 after buying an additional 269 shares during the period. Institutional investors own 92.21% of the company’s stock.

About Workiva

(Get Free Report)

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.

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