Workiva (NYSE:WK) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Workiva from “buy” to “strong-buy,” adding to a broadly positive analyst view. Overall, 10 analysts rate the stock a Buy, with consensus at Moderate Buy and an average target price of $90.33.
• Workiva reported better-than-expected quarterly results, posting EPS of $0.77 versus estimates of $0.66 and revenue of $247.31 million, up 19.9% year over year. The company also issued FY 2026 and Q2 2026 guidance.
• The company’s board authorized a $250 million share buyback, which could allow repurchases of up to 7.7% of the stock. Meanwhile, the shares were trading near $51.29, well below the stock’s 52-week high of $97.10.

Workiva (NYSE:WK - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday.

A number of other brokerages have also commented on WK. The Goldman Sachs Group restated a "buy" rating and set a $102.00 price objective on shares of Workiva in a research report on Friday, February 20th. Stifel Nicolaus decreased their price objective on Workiva from $79.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday. Citigroup reiterated a "buy" rating on shares of Workiva in a report on Monday, February 23rd. Robert W. Baird set a $74.00 price target on Workiva in a report on Wednesday. Finally, Weiss Ratings upgraded Workiva from a "sell (e+)" rating to a "sell (d+)" rating in a report on Thursday. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.33.

Workiva Trading Down 1.9%

Shares of NYSE WK opened at $51.29 on Friday. Workiva has a one year low of $49.44 and a one year high of $97.10. The firm has a market capitalization of $2.91 billion, a PE ratio of 223.01 and a beta of 0.54. The business has a 50-day moving average price of $58.51 and a two-hundred day moving average price of $74.62.

Workiva (NYSE:WK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.11. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The firm had revenue of $247.31 million during the quarter, compared to analyst estimates of $245.17 million. During the same period last year, the company posted $0.14 EPS. The business's quarterly revenue was up 19.9% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Research analysts anticipate that Workiva will post 0.53 EPS for the current year.

Workiva announced that its Board of Directors has initiated a share buyback program on Monday, February 16th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the software maker to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Institutional Investors Weigh In On Workiva

Large investors have recently bought and sold shares of the business. Private Wealth Asset Management LLC lifted its holdings in Workiva by 1,731.7% in the 3rd quarter. Private Wealth Asset Management LLC now owns 75,100 shares of the software maker's stock worth $6,465,000 after purchasing an additional 71,000 shares during the last quarter. Irenic Capital Management LP acquired a new stake in Workiva in the 3rd quarter worth approximately $42,783,000. Impax Asset Management Group plc lifted its holdings in Workiva by 19.8% in the 3rd quarter. Impax Asset Management Group plc now owns 136,086 shares of the software maker's stock worth $11,714,000 after purchasing an additional 22,500 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Workiva by 50.7% in the 3rd quarter. Nordea Investment Management AB now owns 1,368,401 shares of the software maker's stock worth $115,589,000 after purchasing an additional 460,540 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Workiva by 14,955.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 740,102 shares of the software maker's stock worth $63,834,000 after purchasing an additional 735,186 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.