Workiva Inc. (NYSE:WK) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Workiva Inc. has received an average recommendation of "Buy" from nine analysts, with a 12-month price target averaging $99.22.
• The company's stock has recently increased by 3.9%, opening at $79.84 and maintaining a market cap of $4.47 billion.
• Workiva reported a quarterly earnings per share of $0.19, exceeding expectations and showing a revenue increase of 21.2% year-over-year.

Workiva Inc. (NYSE:WK - Get Free Report) has been given an average rating of "Buy" by the nine research firms that are covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $99.2222.

A number of equities analysts have weighed in on WK shares. Robert W. Baird set a $105.00 price target on Workiva in a research report on Wednesday, June 25th. Raymond James Financial cut their price objective on Workiva from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Wall Street Zen raised Workiva from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Stephens reissued an "overweight" rating and issued a $95.00 price objective on shares of Workiva in a report on Thursday, May 22nd. Finally, Citigroup reissued a "buy" rating and issued a $105.00 price objective (down previously from $108.00) on shares of Workiva in a report on Wednesday, July 16th.

Institutional Investors Weigh In On Workiva

Large investors have recently made changes to their positions in the stock. Squarepoint Ops LLC lifted its holdings in Workiva by 313.4% during the 2nd quarter. Squarepoint Ops LLC now owns 103,606 shares of the software maker's stock valued at $7,092,000 after purchasing an additional 78,544 shares during the last quarter. FORA Capital LLC acquired a new stake in Workiva during the 2nd quarter valued at $569,000. Tower Research Capital LLC TRC lifted its holdings in Workiva by 598.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,637 shares of the software maker's stock valued at $523,000 after purchasing an additional 6,543 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in Workiva during the 2nd quarter valued at $411,000. Finally, Topline Capital Management LLC acquired a new stake in Workiva during the 2nd quarter valued at $3,970,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Workiva Price Performance

NYSE:WK traded up $1.56 during trading hours on Friday, reaching $82.31. 651,554 shares of the stock were exchanged, compared to its average volume of 1,003,756. Workiva has a twelve month low of $60.50 and a twelve month high of $116.83. The firm has a 50 day moving average of $71.72 and a 200 day moving average of $73.95. The stock has a market cap of $4.61 billion, a PE ratio of -68.59 and a beta of 0.86.

Workiva (NYSE:WK - Get Free Report) last released 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 firm had revenue of $215.19 million for the quarter, compared to analyst estimates of $208.92 million. During the same period last year, the company earned $0.16 EPS. The company's revenue was up 21.2% compared to the same quarter last year. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. Equities research analysts anticipate that Workiva will post -0.92 earnings per share for the current 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.