Workiva (NYSE:WK) had its target price boosted by SunTrust Banks to $46.00 in a research note issued to investors on Wednesday, The Fly reports. The firm currently has a buy rating on the software maker’s stock. SunTrust Banks also issued estimates for Workiva’s Q3 2019 earnings at ($0.29) EPS.
Several other analysts have also commented on the stock. Morgan Stanley lowered shares of Workiva from an equal weight rating to an underweight rating and increased their target price for the company from $20.00 to $28.00 in a research note on Tuesday, September 18th. Stifel Nicolaus increased their target price on shares of Workiva from $35.00 to $42.00 and gave the company a buy rating in a research note on Friday, September 21st. Northland Securities increased their target price on shares of Workiva from $30.00 to $40.00 and gave the company an outperform rating in a research note on Monday. Finally, Robert W. Baird raised shares of Workiva from a neutral rating to an outperform rating and set a $42.00 target price for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $34.71.
NYSE WK opened at $39.05 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of -1.01. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -36.50 and a beta of 0.87. Workiva has a 52 week low of $19.98 and a 52 week high of $40.65.
Workiva (NYSE:WK) last posted its quarterly earnings data on Tuesday, August 7th. The software maker reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.12. The company had revenue of $59.13 million during the quarter, compared to the consensus estimate of $56.08 million. equities analysts expect that Workiva will post -1.15 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in WK. Schwab Charles Investment Management Inc. increased its stake in Workiva by 5.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 119,680 shares of the software maker’s stock valued at $2,837,000 after buying an additional 6,101 shares during the period. US Bancorp DE increased its stake in Workiva by 2,068.4% in the 1st quarter. US Bancorp DE now owns 13,162 shares of the software maker’s stock valued at $312,000 after buying an additional 12,555 shares during the period. Envestnet Asset Management Inc. acquired a new position in Workiva in the 1st quarter valued at approximately $312,000. Northern Trust Corp increased its stake in Workiva by 41.2% in the 1st quarter. Northern Trust Corp now owns 390,270 shares of the software maker’s stock valued at $9,250,000 after buying an additional 113,822 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Workiva by 1.0% during the 1st quarter. BlackRock Inc. now owns 1,500,302 shares of the software maker’s stock worth $35,556,000 after purchasing an additional 15,455 shares during the last quarter. Hedge funds and other institutional investors own 40.73% of the company’s stock.
Workiva Inc provides cloud solutions for the finance and accounting, audit and internal controls, risk and compliance, and performance and management reporting markets in the United States and internationally. The company provides Wdesk, a platform with proprietary word processing, spreadsheet, and presentation applications to collect, link, report, and analyze the business data, as well as to create, review, and publish data-linked documents and reports.
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