Workiva (NYSE:WK) Cut to Hold at Zacks Research

by · The Cerbat Gem

Zacks Research downgraded shares of Workiva (NYSE:WK – Free Report) from a strong-buy rating to a hold rating in a report published on Monday morning,Zacks reports.

WK has been the topic of a number of other reports. Stifel Nicolaus set a $95.00 price objective on shares of Workiva in a research note on Thursday, August 27th. Citigroup reissued a “buy” rating on shares of Workiva in a research report on Thursday, August 6th. Robert W. Baird upped their target price on shares of Workiva from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. UBS Group set a $70.00 price target on shares of Workiva in a research report on Wednesday, August 5th. Finally, Wall Street Zen upgraded Workiva from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 26th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Check Out Our Latest Analysis on Workiva

Workiva Stock Up 1.6%

Shares of NYSE WK opened at $71.31 on Monday. Workiva has a fifty-two week low of $43.34 and a fifty-two week high of $97.10. The business has a 50 day moving average price of $71.14 and a two-hundred day moving average price of $59.21. The firm has a market cap of $4.00 billion, a PE ratio of 86.97 and a beta of 0.53.

Workiva (NYSE:WK – Get Free Report) last announced its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The company had revenue of $255.29 million for the quarter, compared to analyst estimates of $251.16 million. During the same period in the prior year, the company posted $0.19 EPS. Workiva’s quarterly revenue was up 18.6% on a year-over-year basis. 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 anticipate that Workiva will post 1.31 earnings per share for the current year.

Insiders Place Their Bets

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total transaction of $499,198.87. Following the completion of the sale, the executive vice president owned 126,216 shares in the company, valued at $9,588,629.52. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its stake in Workiva by 88.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker’s stock worth $66,168,000 after acquiring an additional 520,839 shares during the period. Hawk Ridge Capital Management LP bought a new position in shares of Workiva during the first quarter valued at approximately $65,091,000. Squarepoint Ops LLC raised its position in shares of Workiva by 110.7% during the 2nd quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker’s stock worth $60,511,000 after purchasing an additional 655,396 shares during the period. First Trust Advisors LP raised its position in shares of Workiva by 16.4% during the 1st quarter. First Trust Advisors LP now owns 862,936 shares of the software maker’s stock worth $51,457,000 after purchasing an additional 121,643 shares during the period. Finally, Irenic Capital Management LP lifted its holdings in shares of Workiva by 11.1% in the 4th quarter. Irenic Capital Management LP now owns 552,010 shares of the software maker’s stock worth $47,611,000 after purchasing an additional 55,000 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

About Workiva

(Get Free Report)

Workiva Inc is a cloud-based software company that helps organizations manage complex reporting, compliance and operational processes. Its platform connects data from multiple sources, enabling users to prepare, review and distribute financial reports, regulatory filings, management reports and other business documents through a collaborative digital environment.

The company’s products support financial reporting, environmental, social and governance (ESG) reporting, risk management, internal controls, audit management and regulatory compliance.

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