Workiva Inc. (NYSE:WK) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Workiva Inc. has received a consensus recommendation of "Buy" from ten research firms, with an average target price of $100.00 for the next year.
• The company's stock has shown a significant increase of 3.0% recently, trading around $81.52, and boasting a market cap of $4.57 billion.
• Workiva's latest earnings report exceeded expectations, with a reported EPS of $0.19 and a revenue increase of 21.2% year-over-year.

Shares of Workiva Inc. (NYSE:WK - Get Free Report) have earned an average recommendation of "Buy" from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $100.00.

A number of equities analysts recently commented on WK shares. Citigroup lifted their price target on shares of Workiva from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, September 11th. Raymond James Financial reduced their target price on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. Wolfe Research increased their target price on shares of Workiva from $85.00 to $95.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 10th. Robert W. Baird set a $105.00 target price on shares of Workiva in a report on Wednesday, June 25th. Finally, Stifel Nicolaus raised their target price 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 Price Performance

Workiva stock traded down $0.94 during mid-day trading on Thursday, hitting $79.60. The company's stock had a trading volume of 1,335,193 shares, compared to its average volume of 770,015. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of -66.33 and a beta of 0.87. The business has a 50 day moving average price of $74.94 and a 200-day moving average price of $72.83. Workiva has a 12 month low of $60.50 and a 12 month high of $116.83.

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

Institutional Trading of Workiva

Several large investors have recently bought and sold shares of WK. Bessemer Group Inc. boosted its stake in shares of Workiva by 109.2% during the 1st quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock valued at $43,000 after buying an additional 296 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Workiva during the 1st quarter valued at about $877,000. GAMMA Investing LLC grew its stake in Workiva by 8,443.7% during the 1st quarter. GAMMA Investing LLC now owns 21,103 shares of the software maker's stock valued at $1,602,000 after acquiring an additional 20,856 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Workiva during the 1st quarter valued at about $3,959,000. Finally, AQR Capital Management LLC lifted its holdings in Workiva by 86.5% in the 1st quarter. AQR Capital Management LLC now owns 84,900 shares of the software maker's stock worth $6,445,000 after purchasing an additional 39,371 shares during the last quarter. 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.