Shares of Workiva Inc. (NYSE:WK – Get Free Report) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $105.14.
A number of research analysts have weighed in on the stock. Citigroup raised their target price on shares of Workiva from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets reaffirmed an “outperform” rating and set a $96.00 price target on shares of Workiva in a research report on Tuesday, June 11th. William Blair reaffirmed an “outperform” rating on shares of Workiva in a research report on Friday, May 3rd. StockNews.com raised shares of Workiva from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Finally, Robert W. Baird reduced their price target on shares of Workiva from $105.00 to $94.00 and set an “outperform” rating on the stock in a research report on Thursday.
Check Out Our Latest Stock Report on WK
Insiders Place Their Bets
Hedge Funds Weigh In On Workiva
A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Workiva by 3.6% during the first quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker’s stock worth $439,767,000 after purchasing an additional 181,520 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Workiva by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 1,547,618 shares of the software maker’s stock worth $156,836,000 after purchasing an additional 126,094 shares in the last quarter. Champlain Investment Partners LLC grew its stake in shares of Workiva by 58.2% during the first quarter. Champlain Investment Partners LLC now owns 1,340,114 shares of the software maker’s stock worth $113,642,000 after purchasing an additional 492,945 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in Workiva by 4.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,275,009 shares of the software maker’s stock valued at $129,452,000 after acquiring an additional 51,506 shares in the last quarter. Finally, Brown Capital Management LLC boosted its stake in Workiva by 22.6% in the fourth quarter. Brown Capital Management LLC now owns 1,271,707 shares of the software maker’s stock valued at $129,116,000 after acquiring an additional 234,255 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.
Workiva Trading Down 0.7 %
WK stock opened at $72.99 on Tuesday. The business’s 50-day moving average is $78.16 and its 200 day moving average is $86.02. Workiva has a 12-month low of $69.46 and a 12-month high of $116.00. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of -42.44 and a beta of 1.07.
Workiva (NYSE:WK – Get Free Report) last released its earnings results on Thursday, May 2nd. The software maker reported ($0.19) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.19). The business had revenue of $175.67 million during the quarter, compared to analysts’ expectations of $173.85 million. As a group, equities analysts forecast that Workiva will post -0.62 EPS for the current fiscal year.
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.
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