Workiva Inc (WK) Receives Average Rating of “Hold” from Analysts
Shares of Workiva Inc (NYSE:WK) have been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $21.83.
Several brokerages recently commented on WK. SunTrust Banks reaffirmed a “buy” rating and set a $24.00 price target on shares of Workiva in a research report on Friday, November 3rd. Stifel Nicolaus upped their price target on shares of Workiva from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Workiva from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. TheStreet upgraded shares of Workiva from a “d” rating to a “c-” rating in a research note on Wednesday, December 13th. Finally, Northland Securities reiterated a “buy” rating and set a $23.00 price objective on shares of Workiva in a research note on Sunday, October 29th.
Workiva (NYSE WK) opened at $22.10 on Tuesday. Workiva has a 52-week low of $12.15 and a 52-week high of $23.70. The company has a debt-to-equity ratio of -1.29, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $922.27, a P/E ratio of -24.29 and a beta of 0.63.
In other Workiva news, major shareholder Jerome M. Behar sold 2,442 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $23.40, for a total transaction of $57,142.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 33.29% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Workiva in the third quarter valued at $106,000. ETF Managers Group LLC purchased a new position in shares of Workiva in the second quarter valued at $118,000. Legal & General Group Plc boosted its stake in shares of Workiva by 9.3% in the second quarter. Legal & General Group Plc now owns 6,999 shares of the software maker’s stock valued at $134,000 after purchasing an additional 597 shares during the period. Voya Investment Management LLC purchased a new position in shares of Workiva in the second quarter valued at $192,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Workiva in the third quarter valued at $224,000. Institutional investors and hedge funds own 35.12% of the company’s stock.
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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.
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