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

Key Points

• Workiva has received a "Sell (D-)" rating from Weiss Ratings, despite ten other investment analysts rating the stock as a Buy.
• The company's stock recently traded at $87.95, with a market cap of approximately $4.93 billion and an average price target of $99.27.
• Workiva reported a quarterly revenue of $215.19 million, exceeding analyst estimates, and is forecasting FY 2025 earnings per share between 1.310 and 1.380.

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

A number of other analysts have also recently commented on the stock. Capital One Financial set a $100.00 price target on shares of Workiva in a research note on Tuesday, September 30th. Wolfe Research raised their target price on shares of Workiva from $85.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, September 10th. Robert W. Baird set a $105.00 price target on shares of Workiva in a research note on Wednesday, June 25th. Citigroup raised their price target on shares of Workiva from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, September 11th. Finally, Wall Street Zen upgraded shares of Workiva from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $99.27.

Workiva Price Performance

Shares of WK stock traded up $2.38 during trading hours on Wednesday, reaching $87.95. 127,117 shares of the company were exchanged, compared to its average volume of 712,467. The company has a market cap of $4.93 billion, a price-to-earnings ratio of -73.33 and a beta of 0.87. The stock's fifty day moving average is $79.34 and its two-hundred day moving average is $72.79. Workiva has a fifty-two week low of $60.50 and a fifty-two week high of $116.83.

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

Institutional Trading of Workiva

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings 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 worth $451,085,000 after buying an additional 142,297 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Workiva by 32.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,834,723 shares of the software maker's stock worth $215,184,000 after buying an additional 686,702 shares during the last quarter. Eminence Capital LP boosted its holdings in shares of Workiva by 209.6% in the 2nd quarter. Eminence Capital LP now owns 2,646,768 shares of the software maker's stock worth $181,171,000 after buying an additional 1,791,768 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in Workiva during the second quarter valued at about $88,677,000. Finally, Geode Capital Management LLC lifted its holdings in Workiva by 0.3% during the second quarter. Geode Capital Management LLC now owns 1,207,108 shares of the software maker's stock valued at $82,637,000 after purchasing an additional 4,056 shares during the last quarter. Institutional investors 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.

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