Workiva Inc. (NYSE:WK) Receives $99.22 Average PT from Analysts

Shares of Workiva Inc. (NYSE:WK) have been given an average recommendation of “Buy” by the nine analysts that are currently covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have covered the stock in the last year is $99.2222.

A number of equities research analysts recently weighed in on WK shares. Stephens reaffirmed an “overweight” rating and set a $95.00 price target on shares of Workiva in a report on Thursday, May 22nd. Citigroup reiterated a “buy” rating and set a $105.00 price objective (down from $108.00) on shares of Workiva in a research note on Wednesday, July 16th. Stifel Nicolaus reduced their price objective on shares of Workiva from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Workiva from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Raymond James Financial reduced their price objective on shares of Workiva from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, August 1st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Eminence Capital LP lifted its position in shares of Workiva by 209.6% in the 2nd quarter. Eminence Capital LP now owns 2,646,768 shares of the software maker’s stock worth $181,171,000 after buying an additional 1,791,768 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Workiva in the 2nd quarter valued at about $88,677,000. Alliancebernstein L.P. boosted its holdings in shares of Workiva by 1,177.5% in the 1st quarter. Alliancebernstein L.P. now owns 780,130 shares of the software maker’s stock valued at $59,220,000 after buying an additional 719,062 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Workiva by 32.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,834,723 shares of the software maker’s stock valued at $215,184,000 after buying an additional 686,702 shares during the period. Finally, Norges Bank acquired a new position in shares of Workiva in the 2nd quarter valued at about $40,230,000. 92.21% of the stock is currently owned by institutional investors.

Workiva Trading Up 1.9%

WK opened at $82.31 on Friday. The company has a fifty day simple moving average of $71.72 and a 200 day simple moving average of $73.83. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of -68.59 and a beta of 0.86. Workiva has a twelve month low of $60.50 and a twelve month high of $116.83.

Workiva (NYSE:WK) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.14. The firm had revenue of $215.19 million for the quarter, compared to analyst estimates of $208.92 million. Workiva’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. On average, analysts forecast that Workiva will post -0.92 earnings per share for the current fiscal year.

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.