Workiva Inc. (NYSE:WK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Workiva Inc. (NYSE:WK) has earned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $103.9231.

WK has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $110.00 target price on shares of Workiva in a research report on Thursday, November 6th. BTIG Research initiated coverage on Workiva in a report on Tuesday, December 16th. They set a “buy” rating and a $105.00 price objective for the company. BMO Capital Markets upped their target price on Workiva from $100.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. UBS Group set a $110.00 price target on shares of Workiva in a research report on Sunday, November 9th. Finally, Capital One Financial set a $100.00 price objective on shares of Workiva in a report on Tuesday, September 30th.

Hedge Funds Weigh In On Workiva

Several large investors have recently added to or reduced their stakes in WK. Wealth Alliance LLC boosted its stake in Workiva by 4.7% during the third quarter. Wealth Alliance LLC now owns 3,268 shares of the software maker’s stock valued at $281,000 after buying an additional 146 shares during the period. Allworth Financial LP boosted its position in shares of Workiva by 82.3% during the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after acquiring an additional 186 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Workiva by 1.4% during the third quarter. Arizona State Retirement System now owns 14,586 shares of the software maker’s stock worth $1,256,000 after purchasing an additional 195 shares in the last quarter. State of Wyoming increased its position in shares of Workiva by 15.4% in the third quarter. State of Wyoming now owns 1,553 shares of the software maker’s stock worth $134,000 after purchasing an additional 207 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Workiva by 287.8% in the third quarter. GAMMA Investing LLC now owns 287 shares of the software maker’s stock worth $25,000 after purchasing an additional 213 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Stock Down 0.4%

Shares of WK stock opened at $81.36 on Wednesday. The firm has a 50 day moving average of $88.10 and a 200-day moving average of $82.97. The company has a market cap of $4.57 billion, a price-to-earnings ratio of -96.85 and a beta of 0.60. Workiva has a 52 week low of $60.50 and a 52 week high of $105.16.

Workiva (NYSE:WK) last issued its earnings results on Wednesday, November 5th. The software maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.17. The company had revenue of $224.17 million for the quarter, compared to the consensus estimate of $218.96 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was up 20.8% compared to the same quarter last year. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS and its Q4 2025 guidance at 0.670-0.700 EPS. Analysts anticipate that Workiva will post -0.92 earnings per share for the current year.

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.