Workiva (NYSE:WK) Upgraded by Zacks Research to Strong-Buy Rating

Key Points

• Zacks Research upgraded Workiva to “strong buy” from “hold.” The stock has a consensus “moderate buy” rating and an average analyst price target of $84.75.
• Workiva exceeded quarterly expectations, reporting $0.77 in EPS versus the $0.64 consensus and $255.29 million in revenue versus $251.16 million; revenue increased 18.6% year over year.
• Shares opened at $68.10, while institutional investors own a substantial 92.21% stake in the company. Workiva has a $3.82 billion market capitalization and trades at a P/E ratio of 83.05.

Workiva (NYSE:WK - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research firms have also recently weighed in on WK. Citigroup restated a "buy" rating on shares of Workiva in a report on Thursday, August 6th. Stephens reissued an "overweight" rating and set a $68.00 target price on shares of Workiva in a research report on Tuesday, May 26th. Robert W. Baird set a $74.00 target price on Workiva in a research note on Wednesday, May 6th. Raymond James Financial reaffirmed an "outperform" rating and issued a $85.00 target price on shares of Workiva in a report on Wednesday, May 6th. Finally, UBS Group set a $70.00 price target on Workiva in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.75.

Workiva Trading Down 1.4%

Shares of Workiva stock opened at $68.10 on Tuesday. The stock has a fifty day simple moving average of $53.72 and a 200 day simple moving average of $57.18. Workiva has a 12-month low of $43.34 and a 12-month high of $97.10. The company has a market capitalization of $3.82 billion, a P/E ratio of 83.05 and a beta of 0.46.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The business had revenue of $255.29 million during the quarter, compared to analyst estimates of $251.16 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.Workiva's quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. On average, analysts predict that Workiva will post 1.31 EPS for the current year.

Insider Activity at Workiva

In other news, Director Robert H. Herz sold 1,000 shares of the company's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $49.69, for a total transaction of $49,690.00. Following the transaction, the director owned 34,802 shares of the company's stock, valued at $1,729,311.38. This represents a 2.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Workiva

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WK. Versant Capital Management Inc boosted its position in Workiva by 202.3% during the second quarter. Versant Capital Management Inc now owns 532 shares of the software maker's stock worth $26,000 after purchasing an additional 356 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Workiva in the fourth quarter valued at approximately $26,000. Leonteq Securities AG purchased a new stake in shares of Workiva during the 4th quarter valued at approximately $27,000. Allworth Financial LP lifted its stake in shares of Workiva by 82.3% during the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker's stock valued at $35,000 after buying an additional 186 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Workiva by 396.3% during the 4th quarter. Quarry LP now owns 407 shares of the software maker's stock valued at $35,000 after buying an additional 325 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Workiva Company Profile

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.

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