Workiva (NYSE:WK) Given Daily Coverage Optimism Score of 0.31
Headlines about Workiva (NYSE:WK) have trended positive on Friday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Workiva earned a daily sentiment score of 0.31 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern’s rankings:
- Workiva Inc. (NYSE:WK) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS (americanbankingnews.com)
- Workiva, Inc. breached its 50 day moving average in a Bearish Manner : WK-US : August 3, 2017 (finance.yahoo.com)
- Investor Network: Workiva, Inc. to Host Earnings Call (finance.yahoo.com)
- Workiva Announces Second Quarter 2017 Financial Results (finance.yahoo.com)
- Workiva Inc. (WK) Updates FY17 Earnings Guidance (americanbankingnews.com)
WK has been the subject of a number of research analyst reports. SunTrust Banks, Inc. initiated coverage on shares of Workiva in a research note on Monday, June 26th. They issued a “buy” rating and a $22.00 target price for the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 target price (up from $16.00) on shares of Workiva in a research note on Tuesday, July 25th. BidaskClub downgraded shares of Workiva from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Credit Suisse Group boosted their target price on shares of Workiva from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, May 5th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $18.00 target price on shares of Workiva in a research note on Friday, July 28th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $19.00.
Workiva (NYSE WK) traded up 4.71% during midday trading on Friday, hitting $20.00. 175,786 shares of the company were exchanged. Workiva has a one year low of $12.15 and a one year high of $20.95. The firm’s 50-day moving average price is $19.51 and its 200-day moving average price is $16.63. The stock’s market capitalization is $827.54 million.
Workiva (NYSE:WK) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.06. The business had revenue of $49.40 million during the quarter, compared to analyst estimates of $48.37 million. Workiva had a negative net margin of 20.31% and a negative return on equity of 13,251.94%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.20) EPS. Equities research analysts anticipate that Workiva will post ($0.66) earnings per share for the current year.
In other Workiva news, major shareholder Jerome M. Behar sold 53,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $18.13, for a total transaction of $969,955.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Jerome M. Behar sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $20.52, for a total transaction of $2,565,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 415,445 shares of company stock valued at $8,008,143. 33.40% of the stock is owned by company insiders.
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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.
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