Workiva Inc. (NYSE:WK) Receives Consensus Rating of "Buy" from 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 assigned an average recommendation of "Buy" from the nine analysts that are currently covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is $99.2222.

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Workiva from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Stifel Nicolaus dropped their target price on shares of Workiva from $100.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Robert W. Baird set a $105.00 target price on shares of Workiva in a research report on Wednesday, June 25th. Stephens reaffirmed an "overweight" rating and issued a $95.00 target price on shares of Workiva in a research report on Thursday, May 22nd. Finally, Raymond James Financial dropped 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.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ lifted its position in Workiva by 8.7% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 2,825 shares of the software maker's stock valued at $214,000 after acquiring an additional 225 shares during the period. Wealth Alliance LLC lifted its position in Workiva by 8.2% during the 2nd quarter. Wealth Alliance LLC now owns 3,122 shares of the software maker's stock valued at $214,000 after acquiring an additional 236 shares during the period. Xponance Inc. lifted its position in Workiva by 6.7% during the 1st quarter. Xponance Inc. now owns 3,850 shares of the software maker's stock valued at $292,000 after acquiring an additional 241 shares during the period. Atria Investments Inc lifted its position in Workiva by 6.8% during the 2nd quarter. Atria Investments Inc now owns 4,629 shares of the software maker's stock valued at $317,000 after acquiring an additional 293 shares during the period. Finally, Bessemer Group Inc. lifted its position in 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 acquiring an additional 296 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Stock Up 3.9%

Shares of NYSE:WK opened at $79.8450 on Friday. The stock has a market cap of $4.47 billion, a PE ratio of -66.54 and a beta of 0.86. Workiva has a 52 week low of $60.50 and a 52 week high of $116.83. The company's fifty day moving average is $70.36 and its 200 day moving average is $74.38.

Workiva (NYSE:WK - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.14. The firm had revenue of $215.19 million during the quarter, compared to the consensus estimate of $208.92 million. During the same period last year, the business earned $0.16 EPS. Workiva'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. Sell-side analysts anticipate that Workiva will post -0.92 EPS for the current year.

About Workiva

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.