Workiva (NYSE:WK) Coverage Initiated by Analysts at BTIG Research

BTIG Research started coverage on shares of Workiva (NYSE:WK) in a research report released on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $105.00 target price on the software maker’s stock.

Several other research analysts have also commented on WK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Workiva in a research report on Wednesday, October 8th. UBS Group set a $110.00 price objective on shares of Workiva in a report on Sunday, November 9th. Capital One Financial set a $100.00 target price on shares of Workiva in a report on Tuesday, September 30th. The Goldman Sachs Group restated a “buy” rating and issued a $110.00 price target on shares of Workiva in a research report on Thursday, November 6th. Finally, Citigroup lifted their price target on shares of Workiva from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, September 11th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Workiva presently has an average rating of “Moderate Buy” and an average price target of $103.92.

Workiva Stock Performance

WK opened at $87.51 on Tuesday. The company has a market capitalization of $4.91 billion, a P/E ratio of -104.18 and a beta of 0.64. The company has a 50-day moving average of $89.02 and a 200-day moving average of $79.36. Workiva has a 1-year low of $60.50 and a 1-year high of $116.83.

Workiva (NYSE:WK) last issued its quarterly earnings results on Wednesday, November 5th. The software maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.38 by $0.17. The company had revenue of $224.17 million for the quarter, compared to the consensus estimate of $218.96 million. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS and its Q4 2025 guidance at 0.670-0.700 EPS. As a group, sell-side analysts expect that Workiva will post -0.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Workiva

Institutional investors have recently modified their holdings of the company. Eminence Capital LP boosted its stake in Workiva by 209.6% during the 2nd quarter. Eminence Capital LP now owns 2,646,768 shares of the software maker’s stock valued at $181,171,000 after purchasing an additional 1,791,768 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Workiva in the second quarter valued at approximately $88,677,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Workiva during the third quarter valued at approximately $88,289,000. Alliancebernstein L.P. raised its holdings in shares of Workiva by 1,177.5% during the first quarter. Alliancebernstein L.P. now owns 780,130 shares of the software maker’s stock valued at $59,220,000 after buying an additional 719,062 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of Workiva by 32.0% during the first 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 period. 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.