Workiva (NYSE:WK) Coverage Initiated at BTIG Research

Stock analysts at BTIG Research started coverage on shares of Workiva (NYSE:WK) in a research note issued on Tuesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $105.00 price target on the software maker’s stock. BTIG Research’s price objective indicates a potential upside of 19.99% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. UBS Group set a $110.00 target price on shares of Workiva in a research report on Sunday, November 9th. BMO Capital Markets raised their price target on shares of Workiva from $100.00 to $103.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Citigroup lifted their price target on shares of Workiva from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Raymond James Financial restated an “outperform” rating and issued a $105.00 price objective on shares of Workiva in a report on Wednesday, December 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $110.00 target price on shares of Workiva in a research report on Thursday, November 6th. Ten analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.92.

Workiva Stock Up 0.1%

NYSE WK opened at $87.51 on Tuesday. Workiva has a twelve month low of $60.50 and a twelve month high of $116.83. The company has a market cap of $4.91 billion, a price-to-earnings ratio of -104.18 and a beta of 0.64. The business’s fifty day moving average is $89.02 and its 200 day moving average is $79.36.

Workiva (NYSE:WK) last issued its earnings results on Wednesday, November 5th. The software maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.17. The firm had revenue of $224.17 million during the quarter, compared to analyst estimates of $218.96 million. Workiva’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS and its Q4 2025 guidance at 0.670-0.700 EPS. On average, research analysts anticipate that Workiva will post -0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WK. GAMMA Investing LLC increased its holdings in shares of Workiva by 287.8% during the third quarter. GAMMA Investing LLC now owns 287 shares of the software maker’s stock valued at $25,000 after acquiring an additional 213 shares in the last quarter. SVB Wealth LLC acquired a new stake in Workiva in the 1st quarter valued at $26,000. EverSource Wealth Advisors LLC increased its stake in Workiva by 217.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock valued at $34,000 after purchasing an additional 268 shares in the last quarter. Allworth Financial LP raised its holdings in Workiva by 82.3% during the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after buying an additional 186 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new position in shares of Workiva in the first quarter valued at $39,000. Institutional investors 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.