Workiva (NYSE:WK) Stock Rating Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Workiva (NYSE:WK) from a strong-buy rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on WK. BTIG Research set a $85.00 target price on Workiva in a report on Wednesday, September 16th. UBS Group set a $70.00 target price on Workiva in a report on Wednesday, August 5th. Stifel Nicolaus set a $95.00 price target on Workiva in a research report on Thursday, August 27th. Weiss Ratings raised Workiva from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Finally, Zacks Research downgraded Workiva from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Workiva Price Performance

Shares of Workiva stock opened at $73.05 on Friday. The business’s fifty day moving average price is $71.70 and its two-hundred day moving average price is $59.39. The company has a market capitalization of $4.10 billion, a P/E ratio of 89.09 and a beta of 0.53. Workiva has a 1-year low of $43.34 and a 1-year high of $97.10.

Workiva (NYSE:WK) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. The company had revenue of $255.29 million during the quarter, compared to analyst estimates of $251.16 million. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 EPS. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. On average, research analysts expect that Workiva will post 1.31 earnings per share for the current fiscal year.

Insider Activity

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $75.97, for a total value of $499,198.87. Following the completion of the sale, the executive vice president owned 126,216 shares of the company’s stock, valued at $9,588,629.52. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.77% of the company’s stock.

Institutional Investors Weigh In On Workiva

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of Workiva by 91.4% in the third quarter. GAMMA Investing LLC now owns 2,901 shares of the software maker’s stock worth $193,000 after acquiring an additional 1,385 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Workiva by 43.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 732 shares of the software maker’s stock valued at $49,000 after purchasing an additional 223 shares during the last quarter. Ausbil Investment Management Ltd acquired a new position in Workiva during the 3rd quarter valued at $480,000. Lakehouse Capital Pty Ltd boosted its holdings in Workiva by 97.7% in the 3rd quarter. Lakehouse Capital Pty Ltd now owns 199,776 shares of the software maker’s stock valued at $13,299,000 after purchasing an additional 98,750 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Workiva by 66.7% in the 3rd quarter. Versant Capital Management Inc now owns 887 shares of the software maker’s stock valued at $59,000 after purchasing an additional 355 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

About Workiva

Workiva Inc is a cloud-based software company that helps organizations manage complex reporting, compliance and operational processes. Its platform connects data from multiple sources, enabling users to prepare, review and distribute financial reports, regulatory filings, management reports and other business documents through a collaborative digital environment.

The company’s products support financial reporting, environmental, social and governance (ESG) reporting, risk management, internal controls, audit management and regulatory compliance.