Workiva (NYSE:WK) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Workiva to “strong-buy” from “buy.” Analysts overall rate the stock “Moderate Buy,” with an average price target of $87.00.
• Workiva reported quarterly EPS of $0.77, exceeding the $0.64 consensus estimate, while revenue rose 18.6% year over year to $255.29 million.
• The stock opened at $75.48, with a market capitalization of $4.24 billion; institutional investors own approximately 92.21% of the company.

Workiva (NYSE:WK - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Sunday, Wall Street Zen reports.

Other equities analysts also recently issued research reports about the company. BTIG Research set a $85.00 price objective on Workiva in a research report on Wednesday, September 16th. Robert W. Baird lifted their target price on Workiva from $95.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 16th. Weiss Ratings upgraded Workiva from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 6th. Zacks Research lowered shares of Workiva from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Finally, UBS Group set a $70.00 price target on shares of Workiva in a report on Wednesday, August 5th. Nine 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $87.00.

Workiva Stock Performance

NYSE WK opened at $75.48 on Friday. The stock has a 50-day moving average of $72.89 and a 200 day moving average of $59.91. Workiva has a one year low of $43.34 and a one year high of $97.10. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 92.06 and a beta of 0.53.

Workiva (NYSE:WK - Get Free Report) last released its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The firm had revenue of $255.29 million during the quarter, compared to analyst estimates of $251.16 million. During the same quarter last year, the business earned $0.19 EPS. The business's revenue was up 18.6% on a year-over-year basis. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. On average, equities analysts predict that Workiva will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Workiva

In related news, EVP Brandon Ziegler sold 6,571 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total value of $499,198.87. Following the completion of the sale, the executive vice president owned 126,216 shares in the company, valued at approximately $9,588,629.52. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.77% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WK. Robertson Stephens Wealth Management LLC bought a new position in shares of Workiva during the 3rd quarter worth $336,000. Assenagon Asset Management S.A. increased its stake in shares of Workiva by 154.0% during the third quarter. Assenagon Asset Management S.A. now owns 243,991 shares of the software maker's stock valued at $16,242,000 after buying an additional 147,917 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Workiva by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 2,423 shares of the software maker's stock valued at $161,000 after acquiring an additional 164 shares in the last quarter. Foster Group Inc. bought a new stake in shares of Workiva in the third quarter valued at about $206,000. Finally, Compass Financial Group INC SD purchased a new stake in Workiva in the third quarter worth about $241,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Company Profile

Workiva Inc is a cloud-based software company that helps organizations manage complex reporting, compliance and operational processes. Its platform connects data from multiple sources, enabling users to prepare, review and distribute financial reports, regulatory filings, management reports and other business documents through a collaborative digital environment.

The company's products support financial reporting, environmental, social and governance (ESG) reporting, risk management, internal controls, audit management and regulatory compliance.

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