Workiva Inc (WK) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Workiva Inc (NYSE:WK) have received an average recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $21.83.

A number of analysts recently weighed in on WK shares. Credit Suisse Group increased their price target on shares of Workiva from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, November 8th. Robert W. Baird increased their price target on shares of Workiva from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, September 21st. Morgan Stanley increased their price target on shares of Workiva from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Northland Securities reiterated a “buy” rating and issued a $23.00 price target on shares of Workiva in a research report on Sunday, October 29th. Finally, TheStreet upgraded shares of Workiva from a “d” rating to a “c-” rating in a research report on Wednesday, December 13th.

In other news, major shareholder Jerome M. Behar sold 25,000 shares of Workiva stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $22.04, for a total value of $551,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Jerome M. Behar sold 9,500 shares of Workiva stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $22.04, for a total transaction of $209,380.00. The disclosure for this sale can be found here. Insiders sold 49,442 shares of company stock worth $1,093,148 over the last quarter. 33.29% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Old Mutual Global Investors UK Ltd. bought a new position in shares of Workiva in the third quarter valued at $106,000. ETF Managers Group LLC bought a new position in Workiva during the second quarter worth $118,000. Legal & General Group Plc boosted its position in Workiva by 9.3% during the second quarter. Legal & General Group Plc now owns 6,999 shares of the software maker’s stock worth $134,000 after purchasing an additional 597 shares during the period. Bank of Montreal Can bought a new position in Workiva during the second quarter worth $162,000. Finally, Voya Investment Management LLC bought a new position in Workiva during the second quarter worth $192,000. 35.15% of the stock is owned by institutional investors and hedge funds.

Shares of Workiva (NYSE WK) opened at $21.30 on Friday. The company has a market cap of $903.55, a PE ratio of -23.41 and a beta of 0.64. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of -1.29. Workiva has a fifty-two week low of $12.15 and a fifty-two week high of $23.70.

Workiva (NYSE:WK) last issued its earnings results on Tuesday, November 7th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.17. The company had revenue of $52.10 million for the quarter, compared to analyst estimates of $50.64 million. Workiva had a negative net margin of 18.83% and a negative return on equity of 13,251.94%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.23) EPS. equities analysts forecast that Workiva will post -1.1 earnings per share for the current year.

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Workiva Company Profile

Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.

Analyst Recommendations for Workiva (NYSE:WK)

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