Workiva Inc. (NYSE:WK) Receives $99.27 Consensus Target Price from Analysts

Workiva Inc. (NYSE:WK) has received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $99.2727.

A number of research analysts have recently weighed in on the company. Raymond James Financial cut their price target on Workiva from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Workiva in a research note on Wednesday, October 8th. Stifel Nicolaus increased their price target on Workiva from $85.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Wolfe Research increased their price target on Workiva from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Finally, Wall Street Zen raised Workiva from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd.

Institutional Trading of Workiva

A number of large investors have recently made changes to their positions in WK. GAMMA Investing LLC increased its position in shares of Workiva by 8,443.7% in the 1st quarter. GAMMA Investing LLC now owns 21,103 shares of the software maker’s stock valued at $1,602,000 after buying an additional 20,856 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Workiva by 705.9% in the 1st quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker’s stock valued at $31,000 after buying an additional 360 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Workiva by 39.6% in the 1st quarter. SG Americas Securities LLC now owns 13,038 shares of the software maker’s stock valued at $990,000 after buying an additional 3,697 shares in the last quarter. Elevation Point Wealth Partners LLC increased its position in shares of Workiva by 15.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 4,263 shares of the software maker’s stock valued at $324,000 after buying an additional 584 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Workiva by 1.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 19,596 shares of the software maker’s stock valued at $1,488,000 after buying an additional 371 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Stock Performance

NYSE:WK opened at $86.25 on Monday. The stock’s fifty day moving average price is $80.76 and its two-hundred day moving average price is $73.04. Workiva has a 52-week low of $60.50 and a 52-week high of $116.83. The company has a market cap of $4.83 billion, a price-to-earnings ratio of -71.87 and a beta of 0.87.

Workiva (NYSE:WK) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.14. The company had revenue of $215.19 million during the quarter, compared to analyst estimates of $208.92 million. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $0.16 EPS. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. On average, equities analysts predict that Workiva will post -0.92 EPS for the current fiscal year.

About Workiva

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.