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

Workiva Inc. (NYSE:WK) has received a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $99.2727.

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

Institutional Trading of Workiva

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Workiva by 2.5% during the first quarter. Vanguard Group Inc. now owns 5,942,371 shares of the software maker’s stock worth $451,085,000 after buying an additional 142,297 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Workiva by 32.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,834,723 shares of the software maker’s stock valued at $215,184,000 after acquiring an additional 686,702 shares during the period. Eminence Capital LP increased its holdings in shares of Workiva by 209.6% in the 2nd quarter. Eminence Capital LP now owns 2,646,768 shares of the software maker’s stock valued at $181,171,000 after acquiring an additional 1,791,768 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Workiva in the 2nd quarter valued at $88,677,000. Finally, Geode Capital Management LLC increased its holdings in shares of Workiva by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,207,108 shares of the software maker’s stock valued at $82,637,000 after acquiring an additional 4,056 shares during the period. Institutional investors own 92.21% of the company’s stock.

Workiva Stock Performance

WK opened at $87.79 on Monday. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of -73.16 and a beta of 0.87. The company has a fifty day moving average of $81.28 and a 200 day moving average of $73.20. Workiva has a fifty-two week low of $60.50 and a fifty-two week high of $116.83.

Workiva (NYSE:WK) last posted its earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.14. The company had revenue of $215.19 million for the quarter, compared to analysts’ expectations of $208.92 million. The business’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. 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 research analysts forecast that Workiva will post -0.92 earnings per share for the current year.

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.