Workiva Inc. (NYSE:WK) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Workiva received a consensus “Moderate Buy” rating from 12 analysts, with 10 buys, one hold and one sell; the average 12-month price target is $84.75.
• The company exceeded quarterly expectations, reporting adjusted earnings of $0.77 per share versus $0.64 expected and revenue of $255.29 million, up 18.6% year over year.
• Workiva shares opened at $65.16, up 5%, while institutional investors own 92.21% of the stock; recent analyst targets generally range from $70 to $74, although BTIG lowered its target to $70 from $80.

Workiva Inc. (NYSE:WK - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twelve research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $84.75.

Several research firms recently weighed in on WK. BTIG Research decreased their price objective on shares of Workiva from $80.00 to $70.00 and set a "buy" rating on the stock in a research report on Wednesday. Citigroup reiterated a "buy" rating on shares of Workiva in a research report on Thursday. Stifel Nicolaus set a $70.00 price target on shares of Workiva in a research note on Wednesday. Robert W. Baird set a $74.00 price target on shares of Workiva in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Workiva from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 25th.

Insider Transactions at Workiva

In related news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction 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 transaction, the director owned 34,802 shares of the company's stock, valued at $1,729,311.38. This represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.77% of the company's stock.

Institutional Investors Weigh In On Workiva

Several hedge funds have recently added to or reduced their stakes in the company. Hawk Ridge Capital Management LP purchased a new stake in shares of Workiva in the 1st quarter valued at $65,091,000. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Workiva during the 3rd quarter valued at $88,289,000. Norges Bank purchased a new position in Workiva in the 4th quarter worth $53,375,000. Arrowstreet Capital Limited Partnership raised its position in Workiva by 88.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker's stock worth $66,168,000 after purchasing an additional 520,839 shares during the period. Finally, Barclays PLC lifted its stake in Workiva by 531.6% in the fourth quarter. Barclays PLC now owns 582,586 shares of the software maker's stock worth $50,248,000 after purchasing an additional 490,351 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

Workiva Stock Up 5.0%

Shares of NYSE WK opened at $65.16 on Friday. The firm has a market capitalization of $3.66 billion, a P/E ratio of 79.47 and a beta of 0.46. The stock's 50-day simple moving average is $52.72 and its two-hundred day simple moving average is $57.67. Workiva has a twelve month low of $43.34 and a twelve month high of $97.10.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.13. The firm had revenue of $255.29 million for the quarter, compared to analysts' expectations of $251.16 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The company's revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 EPS. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. As a group, research analysts anticipate that Workiva will post 0.92 EPS for the current fiscal year.

About Workiva

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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