Workiva (NYSE:WK) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Workiva (NYSE:WK) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

Several other analysts have also recently commented on WK. The Goldman Sachs Group reiterated a “buy” rating and issued a $102.00 target price on shares of Workiva in a report on Friday, February 20th. BTIG Research reduced their target price on Workiva from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday. Raymond James Financial reiterated an “outperform” rating and issued a $85.00 target price on shares of Workiva in a report on Wednesday. Robert W. Baird set a $74.00 target price on Workiva in a report on Wednesday. Finally, Stephens set a $90.00 target price on Workiva in a report on Friday, February 20th. Ten investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.33.

Workiva Price Performance

Shares of WK stock opened at $51.29 on Friday. The business’s 50 day simple moving average is $58.51 and its 200 day simple moving average is $74.62. Workiva has a one year low of $49.44 and a one year high of $97.10. The stock has a market capitalization of $2.91 billion, a PE ratio of 223.01 and a beta of 0.54.

Workiva (NYSE:WK) last announced its earnings results on Tuesday, May 5th. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.66 by $0.11. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The business had revenue of $247.31 million for the quarter, compared to analysts’ expectations of $245.17 million. During the same period in the prior year, the business posted $0.14 earnings per share. The firm’s revenue was up 19.9% on a year-over-year basis. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. As a group, research analysts expect that Workiva will post 0.53 earnings per share for the current year.

Workiva declared that its board has initiated a share repurchase program on Monday, February 16th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the software maker to repurchase up to 7.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Workiva

Institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Workiva during the 4th quarter worth approximately $26,000. Leonteq Securities AG acquired a new position in shares of Workiva during the fourth quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its position in shares of Workiva by 217.9% during the third quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock worth $34,000 after purchasing an additional 268 shares during the period. Quarry LP raised its position in shares of Workiva by 396.3% during the fourth quarter. Quarry LP now owns 407 shares of the software maker’s stock worth $35,000 after purchasing an additional 325 shares during the period. Finally, Allworth Financial LP raised its position in shares of 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 purchasing an additional 186 shares during the period. 92.21% of the stock is currently owned by institutional investors.

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.