Workiva Inc. (NYSE:WK – Get Free Report) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $95.00.
A number of brokerages have issued reports on WK. StockNews.com lowered shares of Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Northland Securities cut their price objective on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd.
Check Out Our Latest Research Report on WK
Insider Transactions at Workiva
Institutional Investors Weigh In On Workiva
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new stake in Workiva during the 3rd quarter worth approximately $28,000. Quarry LP increased its stake in Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after buying an additional 166 shares during the period. EntryPoint Capital LLC purchased a new stake in Workiva during the 1st quarter worth approximately $40,000. Fidelis Capital Partners LLC purchased a new stake in Workiva during the 1st quarter worth approximately $45,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Workiva during the 2nd quarter worth approximately $62,000. 92.21% of the stock is owned by hedge funds and other institutional investors.
Workiva Stock Up 0.9 %
NYSE:WK opened at $80.56 on Monday. Workiva has a 52 week low of $65.47 and a 52 week high of $105.00. The firm has a 50 day moving average of $77.79 and a 200 day moving average of $76.86. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of -46.81 and a beta of 1.05.
Workiva (NYSE:WK – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The business had revenue of $177.50 million for the quarter, compared to analyst estimates of $175.22 million. During the same quarter last year, the firm earned ($0.36) EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, analysts expect that Workiva will post -0.86 EPS for the current year.
Workiva Company Profile
Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.
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