Workiva’s (WK) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d-) rating on shares of Workiva (NYSE:WK) in a research note published on Wednesday,Weiss Ratings reports.

WK has been the topic of several other reports. Wolfe Research lifted their price objective on shares of Workiva from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, September 10th. Robert W. Baird set a $105.00 target price on shares of Workiva in a research note on Wednesday, June 25th. Wall Street Zen upgraded shares of Workiva from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Raymond James Financial lowered their target price on shares of Workiva from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Finally, BMO Capital Markets raised their target price on shares of Workiva from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $99.27.

Workiva Stock Down 0.2%

Shares of WK stock opened at $86.93 on Wednesday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of -72.44 and a beta of 0.87. The company’s 50 day moving average is $80.30 and its 200 day moving average is $72.90. Workiva has a 52-week low of $60.50 and a 52-week high of $116.83.

Workiva (NYSE:WK) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.14. The business had revenue of $215.19 million for the quarter, compared to analysts’ expectations of $208.92 million. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Analysts anticipate that Workiva will post -0.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Workiva

Several institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of Workiva by 287.8% during the third quarter. GAMMA Investing LLC now owns 287 shares of the software maker’s stock worth $25,000 after buying an additional 213 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Workiva by 8.7% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 2,825 shares of the software maker’s stock worth $214,000 after buying an additional 225 shares during the period. Wealth Alliance LLC lifted its stake in shares of Workiva by 8.2% during the second quarter. Wealth Alliance LLC now owns 3,122 shares of the software maker’s stock worth $214,000 after buying an additional 236 shares during the period. Xponance Inc. lifted its stake in shares of Workiva by 6.7% during the first quarter. Xponance Inc. now owns 3,850 shares of the software maker’s stock worth $292,000 after buying an additional 241 shares during the period. Finally, Atria Investments Inc lifted its stake in shares of Workiva by 6.8% during the second quarter. Atria Investments Inc now owns 4,629 shares of the software maker’s stock worth $317,000 after buying an additional 293 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.