Several other analysts also recently commented on WK. Goldman Sachs Group assumed coverage on shares of Workiva in a research report on Monday, November 11th. They set a neutral rating and a $46.00 price objective for the company. SunTrust Banks raised their price objective on shares of Workiva to $65.00 and gave the stock a buy rating in a research report on Wednesday, August 7th. Morgan Stanley reduced their price objective on shares of Workiva from $46.00 to $42.00 and set an underweight rating for the company in a research report on Wednesday, October 16th. Zacks Investment Research upgraded Workiva from a sell rating to a hold rating in a report on Saturday, November 9th. Finally, Northland Securities reiterated a buy rating and issued a $62.00 target price on shares of Workiva in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $56.20.
NYSE:WK traded up $0.04 on Friday, reaching $42.29. 227,465 shares of the stock traded hands, compared to its average volume of 365,245. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -45.47 and a beta of 0.99. The company’s 50 day moving average is $42.22 and its 200-day moving average is $50.98. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 4.48. Workiva has a 1-year low of $31.83 and a 1-year high of $64.11.
Workiva (NYSE:WK) last released its earnings results on Wednesday, November 6th. The software maker reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.24. The business had revenue of $74.18 million during the quarter, compared to the consensus estimate of $72.32 million. Workiva had a negative net margin of 14.02% and a negative return on equity of 208.31%. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) EPS. On average, equities research analysts forecast that Workiva will post -1.03 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of WK. JPMorgan Chase & Co. lifted its stake in Workiva by 1,129.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 228,518 shares of the software maker’s stock valued at $13,097,000 after acquiring an additional 209,937 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Workiva by 16.7% during the 2nd quarter. Acadian Asset Management LLC now owns 204,411 shares of the software maker’s stock valued at $11,876,000 after acquiring an additional 29,221 shares in the last quarter. Stephens Inc. AR lifted its stake in Workiva by 2.3% during the 2nd quarter. Stephens Inc. AR now owns 21,448 shares of the software maker’s stock valued at $1,246,000 after acquiring an additional 480 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Workiva during the 2nd quarter valued at $151,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Workiva by 21.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,874 shares of the software maker’s stock valued at $109,000 after acquiring an additional 335 shares in the last quarter. Institutional investors own 57.11% of the company’s stock.
Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.
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