Workiva (NYSE:WK) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Workiva (NYSE:WK – Free Report) from a buy rating to a strong-buy rating in a research report report published on Sunday morning,Wall Street Zen reports.

Other equities analysts have also issued reports about the company. UBS Group set a $70.00 target price on Workiva in a research report on Wednesday, August 5th. Robert W. Baird upped their price target on Workiva from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Stifel Nicolaus set a $95.00 price target on shares of Workiva in a research report on Thursday, August 27th. BTIG Research set a $85.00 price target on shares of Workiva in a research report on Wednesday, September 16th. Finally, Citigroup reissued a “buy” rating on shares of Workiva in a research note on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Workiva currently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

View Our Latest Analysis on WK

Workiva Stock Performance

Shares of Workiva stock opened at $79.08 on Friday. The firm has a fifty day moving average of $73.28 and a two-hundred day moving average of $60.18. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 96.44 and a beta of 0.53. Workiva has a 52 week low of $43.34 and a 52 week high of $97.10.

Workiva (NYSE:WK – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share 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 the consensus estimate of $251.16 million. During the same quarter in the prior year, the business posted $0.19 EPS. The firm’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. As a group, research analysts forecast that Workiva will post 1.31 EPS for the current fiscal year.

Insider Activity at Workiva

In other news, EVP Brandon Ziegler sold 6,571 shares of Workiva stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Workiva

Institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. bought a new position in shares of Workiva during the second quarter worth about $4,661,000. Summit Creek Advisors LLC acquired a new stake in Workiva in the 2nd quarter valued at approximately $3,916,000. First Trust Advisors LP lifted its stake in Workiva by 16.4% in the 1st quarter. First Trust Advisors LP now owns 862,936 shares of the software maker’s stock valued at $51,457,000 after acquiring an additional 121,643 shares in the last quarter. Ranger Investment Management L.P. lifted its stake in Workiva by 11.5% in the 1st quarter. Ranger Investment Management L.P. now owns 342,185 shares of the software maker’s stock valued at $20,404,000 after acquiring an additional 35,329 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Workiva by 320.9% in the 1st quarter. Quantinno Capital Management LP now owns 36,925 shares of the software maker’s stock valued at $2,202,000 after acquiring an additional 28,152 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Workiva Company Profile

(Get Free Report)

Workiva Inc (NYSE: WK) provides cloud-based software designed to help organizations manage reporting, compliance, risk and other complex business processes. Its platform connects financial, operational and environmental, social and governance (ESG) data so teams can collaborate on information used for internal and external reporting.

The company’s products support financial reporting, regulatory filings, audit and compliance workflows, investor communications, and sustainability reporting.

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