Workiva (NYSE:WK) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• Weiss Ratings has restated Workiva's stock rating as "sell (D-)", amidst a broader range of analyst ratings varying from "hold" to "buy".
• Workiva's stock performance showed a recent trading price of $90.23, despite a 12-month high of $116.83 and low of $60.50.
• The company reported a 21.2% revenue increase year-over-year, with earnings per share of $0.19, significantly beating analysts' estimates.

Workiva (NYSE:WK - Get Free Report)'s stock had its "sell (d-)" rating restated by equities research analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

WK has been the topic of a number of other research reports. Capital One Financial set a $100.00 price target on shares of Workiva in a research note on Tuesday, September 30th. Wall Street Zen raised Workiva from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Wolfe Research lifted their price target on Workiva from $85.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 10th. Stifel Nicolaus increased their price objective on Workiva from $85.00 to $92.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Finally, BMO Capital Markets raised their price objective on Workiva from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 30th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $99.27.

Workiva Stock Performance

WK stock traded up $0.55 on Friday, hitting $90.23. 115,047 shares of the company's stock were exchanged, compared to its average volume of 718,851. The firm has a 50 day moving average price of $82.59 and a two-hundred day moving average price of $73.74. Workiva has a 12-month low of $60.50 and a 12-month high of $116.83. The stock has a market cap of $5.05 billion, a P/E ratio of -75.11 and a beta of 0.87.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Workiva by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 5,942,371 shares of the software maker's stock valued at $451,085,000 after purchasing an additional 142,297 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Workiva by 32.0% in 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 buying an additional 686,702 shares in the last quarter. Eminence Capital LP raised its position in shares of Workiva by 209.6% in the second quarter. Eminence Capital LP now owns 2,646,768 shares of the software maker's stock worth $181,171,000 after acquiring an additional 1,791,768 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Workiva during the 2nd quarter worth about $88,677,000. Finally, Geode Capital Management LLC grew its position in shares of Workiva by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,207,108 shares of the software maker's stock valued at $82,637,000 after acquiring an additional 4,056 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

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.

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