Workiva Inc. (NYSE:WK) Receives Consensus Recommendation of “Buy” from Analysts

Workiva Inc. (NYSE:WK) has received an average rating of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is $117.40.

Several equities analysts recently commented on WK shares. Stifel Nicolaus raised shares of Workiva from a “hold” rating to a “buy” rating and increased their price objective for the company from $102.00 to $130.00 in a research note on Wednesday, December 18th. BMO Capital Markets increased their price target on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price objective on Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Citigroup increased their target price on Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, December 16th.

Workiva Trading Down 2.7 %

Shares of NYSE WK opened at $111.66 on Tuesday. The company has a market cap of $6.18 billion, a price-to-earnings ratio of -121.37 and a beta of 1.09. Workiva has a 12 month low of $65.47 and a 12 month high of $116.83. The stock has a 50-day moving average price of $93.16 and a two-hundred day moving average price of $81.45.

Institutional Trading of Workiva

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WK. Principal Financial Group Inc. lifted its stake in shares of Workiva by 2.0% in the 2nd quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker’s stock valued at $498,000 after purchasing an additional 137 shares during the period. Quarry LP increased its holdings in Workiva by 57.8% in the second quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after purchasing an additional 166 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Workiva by 8.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock valued at $171,000 after buying an additional 179 shares during the period. Xponance Inc. boosted its holdings in shares of Workiva by 6.0% during the 2nd quarter. Xponance Inc. now owns 3,195 shares of the software maker’s stock worth $233,000 after buying an additional 182 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in shares of Workiva by 3.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker’s stock worth $358,000 after buying an additional 183 shares during the period. Institutional investors and hedge funds 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.