Workiva Inc. (NYSE:WK) Given Average Recommendation of “Moderate Buy” by Brokerages

Workiva Inc. (NYSE:WK) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $95.00.

A number of analysts have recently issued reports on the company. StockNews.com lowered Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Northland Securities lowered their price target on Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd.

Workiva Price Performance

Workiva stock opened at $79.17 on Monday. The stock has a market capitalization of $4.37 billion, a PE ratio of -47.98 and a beta of 1.05. Workiva has a 12 month low of $65.47 and a 12 month high of $105.00. The business has a 50 day simple moving average of $77.86 and a 200-day simple moving average of $76.91.

Workiva (NYSE:WK) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $177.50 million during the quarter, compared to analyst estimates of $175.22 million. Workiva’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.36) EPS. On average, equities research analysts anticipate that Workiva will post -0.86 EPS for the current fiscal year.

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the sale, the executive vice president now directly owns 49,887 shares in the company, valued at $3,721,570.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.86% of the stock is owned by company insiders.

Institutional Trading of Workiva

Large investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in shares of Workiva during the 3rd quarter worth $28,000. Quarry LP grew its holdings in shares of Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after purchasing an additional 166 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Workiva during the 1st quarter worth $40,000. Fidelis Capital Partners LLC purchased a new position in shares of Workiva during the 1st quarter worth $45,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Workiva during the 2nd quarter worth $62,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

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.