Workiva (WK) Getting Somewhat Positive Media Coverage, Analysis Finds
Media stories about Workiva (NYSE:WK) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Workiva earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 47.0873138910866 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- American Software (AMSWA) vs. Workiva (WK) Financial Contrast (americanbankingnews.com)
- Workiva Inc. (WK) Major Shareholder Jerome M. Behar Sells 57,186 Shares (americanbankingnews.com)
- Workiva Inc. (WK) Major Shareholder Jerome M. Behar Sells 115,195 Shares (americanbankingnews.com)
- Head to Head Analysis: Workiva (WK) versus Varonis Systems (VRNS) (americanbankingnews.com)
WK has been the subject of several recent research reports. Credit Suisse Group lifted their price target on Workiva from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, May 15th. SunTrust Banks, Inc. initiated coverage on Workiva in a research report on Monday, June 26th. They issued a “buy” rating and a $22.00 price target for the company. BidaskClub cut Workiva from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Morgan Stanley reiterated an “equal weight” rating and issued a $18.00 price target (up from $16.00) on shares of Workiva in a research report on Tuesday, July 25th. Finally, Northland Securities reiterated a “buy” rating and issued a $18.00 price target on shares of Workiva in a research report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.13.
Workiva (NYSE:WK) remained flat at $19.90 during midday trading on Wednesday. 16,820 shares of the company’s stock were exchanged. The firm’s market capitalization is $832.34 million. The firm has a 50 day moving average of $19.77 and a 200-day moving average of $17.79. Workiva has a 12-month low of $12.15 and a 12-month high of $20.95.
Workiva (NYSE:WK) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.25) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.06. Workiva had a negative return on equity of 13,251.94% and a negative net margin of 18.94%. The business had revenue of $49.40 million during the quarter, compared to analyst estimates of $48.37 million. During the same quarter in the prior year, the business posted ($0.20) EPS. Workiva’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, analysts forecast that Workiva will post ($0.63) earnings per share for the current fiscal year.
In other Workiva news, major shareholder Jerome M. Behar sold 115,195 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $20.00, for a total value of $2,303,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Jerome M. Behar sold 13,804 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $19.10, for a total value of $263,656.40. The disclosure for this sale can be found here. Insiders sold a total of 469,990 shares of company stock valued at $9,431,516 in the last quarter. 33.40% of the stock is currently owned by company insiders.
ILLEGAL ACTIVITY WARNING: This report was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/09/06/workiva-wk-getting-somewhat-positive-media-coverage-analysis-finds.html.
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.
Receive News & Stock Ratings for Workiva Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workiva Inc. and related stocks with our FREE daily email newsletter.