Workiva (WK) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Workiva in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WK shares.
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5 brokerages have issued 12 month price targets for Workiva's shares. Their WK share price forecasts range from $83.00 to $134.00. On average, they anticipate the company's stock price to reach $114.25 in the next twelve months. This suggests a possible upside of 12.7% from the stock's current price.
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Workiva's stock was trading at $83.97 at the beginning of the year. Since then, WK stock has increased by 20.7% and is now trading at $101.34.
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Workiva saw a increase in short interest in August. As of August 31st, there was short interest totaling 3,490,000 shares, an increase of 26.0% from the August 15th total of 2,770,000 shares. Based on an average daily volume of 398,400 shares, the days-to-cover ratio is presently 8.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
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Workiva will be holding an earnings conference call on Monday, October 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199.

Workiva Inc. (NYSE:WK) posted its earnings results on Thursday, August, 3rd. The software maker reported ($0.36) EPS for the quarter, topping analysts' consensus estimates of ($0.54) by $0.18. The software maker earned $155.02 million during the quarter, compared to analysts' expectations of $153.40 million. Workiva had a negative trailing twelve-month return on equity of 26,521.01% and a negative net margin of 19.02%.

ETFs with the largest weight of Workiva (NYSE:WK) stock in their portfolio include Global X Cloud Computing ETF (CLOU), Invesco Dynamic Software ETF (PSJ), First Trust Cloud Computing ETF (SKYY), Nuveen Small Cap Select ETF (NSCS), WisdomTree Cloud Computing Fund (WCLD), Hypatia Women Ceo ETF (WCEO), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and Direxion Daily Cloud Computing Bull 2x (CLDL).

Workiva issued an update on its FY23 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $0.09-$0.12 for the period, compared to the consensus estimate of ($0.10). The company issued revenue guidance of $626-$628 million, compared to the consensus revenue estimate of $627.29 million.

62 employees have rated Workiva Chief Executive Officer Martin Vanderploeg on Glassdoor.com. Martin Vanderploeg has an approval rating of 95% among the company's employees. This puts Martin Vanderploeg in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 84.0% of employees surveyed would recommend working at Workiva to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Workiva investors own include Twilio (TWLO), Advanced Micro Devices (AMD), Bank of America (BAC), NVIDIA (NVDA), Block (SQ), AbbVie (ABBV), Adobe (ADBE), Cisco Systems (CSCO), Intelsat (I) and Verizon Communications (VZ).

(WK) raised $101 million in an initial public offering (IPO) on Friday, December 12th 2014. The company issued 7,200,000 shares at $13.00-$15.00 per share. Morgan Stanley and Credit Suisse served as the underwriters for the IPO and Baird, Raymond James and Stifel were co-managers.

Workiva trades on the New York Stock Exchange (NYSE) under the ticker symbol "WK."

Shares of WK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WK stock can currently be purchased for approximately $101.34.

Workiva (NYSE:WK) has a market capitalization of $5.44 billion and generates $537.88 million in revenue each year. The software maker earns $-90,950,000.00 in net income (profit) each year or ($2.07) on an earnings per share basis.

The company employs 2,447 workers across the globe.

Workiva's mailing address is 2900 UNIVERSITY BLVD., AMES IA, 50010. The official website for the company is www.workiva.com. The software maker can be reached via phone at (888) 275-3125 or via email at investor@workiva.com.