Workiva (NYSE:WK) Raised to Strong-Buy at Wall Street Zen

Workiva (NYSE:WK) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Several other brokerages also recently weighed in on WK. Truist Financial restated a “buy” rating and set a $90.00 price objective (down from $110.00) on shares of Workiva in a research report on Friday, February 20th. BMO Capital Markets dropped their price objective on Workiva from $92.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Robert W. Baird set a $74.00 price objective on Workiva in a research report on Wednesday. Raymond James Financial restated an “outperform” rating and set a $85.00 price objective on shares of Workiva in a research report on Wednesday. Finally, BTIG Research dropped their price objective on Workiva from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Workiva currently has a consensus rating of “Moderate Buy” and an average price target of $90.33.

Workiva Stock Performance

NYSE:WK opened at $51.29 on Friday. The stock has a fifty day moving average price of $58.51 and a 200-day moving average price of $74.62. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 223.01 and a beta of 0.54. Workiva has a fifty-two week low of $49.44 and a fifty-two week high of $97.10.

Workiva (NYSE:WK) last released its earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.11. The firm had revenue of $247.31 million during the quarter, compared to the consensus estimate of $245.17 million. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The company’s revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Research analysts predict that Workiva will post 0.53 EPS for the current fiscal year.

Workiva announced that its Board of Directors has authorized a stock repurchase plan on Monday, February 16th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the software maker to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Workiva

Several institutional investors and hedge funds have recently made changes to their positions in WK. Eminence Capital LP increased its stake in shares of Workiva by 40.7% in the third quarter. Eminence Capital LP now owns 3,723,546 shares of the software maker’s stock valued at $320,523,000 after buying an additional 1,076,778 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Workiva in the third quarter valued at about $88,289,000. Assenagon Asset Management S.A. increased its stake in shares of Workiva by 14,955.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 740,102 shares of the software maker’s stock valued at $63,834,000 after buying an additional 735,186 shares during the period. Norges Bank acquired a new stake in shares of Workiva in the fourth quarter valued at about $53,375,000. Finally, Irenic Capital Management LP bought a new stake in shares of Workiva during the 3rd quarter valued at about $42,783,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.