Workiva (NYSE:WK) Stock Rating Lowered by Wall Street Zen

Workiva (NYSE:WK) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other analysts also recently issued reports on WK. BTIG Research set a $85.00 price target on shares of Workiva in a report on Wednesday, September 16th. Weiss Ratings cut shares of Workiva from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, November 3rd. Citigroup reissued a “buy” rating on shares of Workiva in a report on Thursday, August 6th. Zacks Research downgraded shares of Workiva from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Stifel Nicolaus set a $95.00 price objective on shares of Workiva in a research report on Thursday, August 27th. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $87.00.

Workiva Trading Up 0.1%

WK stock opened at $72.83 on Friday. The stock’s 50 day simple moving average is $75.83 and its 200 day simple moving average is $63.07. Workiva has a 12-month low of $43.34 and a 12-month high of $95.00. The stock has a market capitalization of $4.09 billion, a PE ratio of 65.03 and a beta of 0.46.

Workiva (NYSE:WK) last posted its earnings results on Thursday, November 5th. The software maker reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.08). Workiva had a negative return on equity of 159.20% and a net margin of 6.31%. The business had revenue of $262.96 million during the quarter, compared to the consensus estimate of $261.37 million. During the same period in the previous year, the business posted $0.55 EPS. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, research analysts predict that Workiva will post 1.31 earnings per share for the current year.

Insiders Place Their Bets

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $75.97, for a total value of $499,198.87. Following the transaction, the executive vice president directly owned 126,216 shares of the company’s stock, valued at approximately $9,588,629.52. This trade represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.77% of the company’s stock.

Institutional Investors Weigh In On Workiva

Several hedge funds and other institutional investors have recently made changes to their positions in WK. Versant Capital Management Inc grew its holdings in Workiva by 202.3% during the second quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock valued at $26,000 after purchasing an additional 356 shares during the period. Optiver Holding B.V. increased its position in Workiva by 454.5% in the first quarter. Optiver Holding B.V. now owns 621 shares of the software maker’s stock worth $37,000 after buying an additional 509 shares in the last quarter. William Mack & Associates Inc. purchased a new stake in Workiva in the third quarter worth about $39,000. Harbor Investment Advisory LLC bought a new position in shares of Workiva in the second quarter worth about $40,000. Finally, Covestor Ltd raised its stake in shares of Workiva by 171.8% in the third quarter. Covestor Ltd now owns 666 shares of the software maker’s stock worth $44,000 after buying an additional 421 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva News Summary

Here are the key news stories impacting Workiva this week:

• Positive Sentiment: Third-quarter revenue rose 17.3% year over year to $262.96 million, topping analysts’ $261.37 million estimate. Quarterly results
• Neutral Sentiment: Coverage highlighted Workiva’s AI expansion, while noting moderating business tailwinds; the available reports do not quantify the potential financial contribution from AI. Q3 deep dive
• Negative Sentiment: Q3 EPS was $0.72, below the roughly $0.79–$0.80 consensus, despite increasing from $0.55 a year earlier. The earnings shortfall is a likely drag on sentiment. Q3 earnings miss
• Negative Sentiment: Workiva’s Q4 EPS outlook of $0.78–$0.80 is below the $0.92 consensus, and its $275 million–$278 million revenue range is just shy of the $278.1 million estimate. Full-year EPS guidance of $2.80–$2.83 also trails the $2.95 consensus, putting the outlook at the center of investor concern. Why shares are falling

About Workiva

Workiva Inc provides cloud-based software for financial reporting, regulatory compliance, sustainability reporting, and governance, risk, and compliance activities. Its platform helps organizations connect data across business systems, manage reporting workflows, and prepare information for internal and external stakeholders.

The company’s offerings support processes such as preparing regulatory filings, financial statements, sustainability disclosures, and audit and risk documentation.