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

Key Points

• Workiva Inc. (NYSE:WK) has received an average analyst rating of "Moderate Buy", with ten analysts recommending a buy and one analyst recommending a sell.
• The average price target set by analysts for Workiva shares is $99.27, with recent evaluations adjusting this target up to $105.00 by Robert W. Baird.
• Workiva reported a 21.2% year-over-year increase in revenue for its last quarter, achieving $215.19 million, and surpassed earnings expectations with $0.19 earnings per share.

Shares of Workiva Inc. (NYSE:WK - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eleven analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and ten 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 $99.2727.

WK has been the subject of several recent research reports. Wolfe Research increased their price objective on shares of Workiva from $85.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 10th. BMO Capital Markets increased their price objective on shares of Workiva from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 30th. Wall Street Zen raised shares of Workiva from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Robert W. Baird set a $105.00 price objective on shares of Workiva in a research report on Wednesday, June 25th. Finally, Stifel Nicolaus increased their price objective on shares of Workiva from $85.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th.

Workiva Stock Down 0.2%

NYSE:WK opened at $86.93 on Monday. The company has a market cap of $4.87 billion, a P/E ratio of -72.44 and a beta of 0.87. Workiva has a fifty-two week low of $60.50 and a fifty-two week high of $116.83. The firm's 50 day moving average is $80.30 and its two-hundred day moving average is $72.77.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.14. The company had revenue of $215.19 million for the quarter, compared to analysts' expectations of $208.92 million. The business's revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. Research analysts forecast that Workiva will post -0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Workiva

Large investors have recently made changes to their positions in the business. Eminence Capital LP increased its stake in Workiva by 209.6% during the 2nd quarter. Eminence Capital LP now owns 2,646,768 shares of the software maker's stock worth $181,171,000 after buying an additional 1,791,768 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Workiva during the second quarter valued at about $88,677,000. Alliancebernstein L.P. grew its stake in shares of Workiva by 1,177.5% during the first quarter. Alliancebernstein L.P. now owns 780,130 shares of the software maker's stock valued at $59,220,000 after acquiring an additional 719,062 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Workiva by 32.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,834,723 shares of the software maker's stock valued at $215,184,000 after acquiring an additional 686,702 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Workiva during the second quarter valued at about $40,230,000. Institutional investors and hedge funds own 92.21% of the company's stock.

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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