Analysts Set Workiva Inc. (NYSE:WK) Target Price at $103.00

Workiva Inc. (NYSE:WK) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $103.00.

WK has been the subject of several analyst reports. Wolfe Research boosted their target price on Workiva from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. Capital One Financial set a $100.00 price target on Workiva in a research note on Tuesday, September 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Workiva in a report on Wednesday, October 8th. BMO Capital Markets upped their price objective on Workiva from $100.00 to $103.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Finally, Stifel Nicolaus set a $98.00 target price on Workiva in a research note on Thursday, November 6th.

Workiva Stock Up 0.1%

Shares of WK opened at $92.16 on Tuesday. The business has a fifty day moving average of $88.65 and a 200 day moving average of $77.97. The company has a market cap of $5.17 billion, a PE ratio of -109.71 and a beta of 0.64. Workiva has a 52-week low of $60.50 and a 52-week high of $116.83.

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

Institutional Investors Weigh In On Workiva

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WK. Wealth Alliance LLC grew its stake in Workiva by 4.7% in the 3rd quarter. Wealth Alliance LLC now owns 3,268 shares of the software maker’s stock worth $281,000 after acquiring an additional 146 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after purchasing an additional 186 shares during the period. Arizona State Retirement System grew its stake in Workiva by 1.4% in 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 holdings in Workiva by 15.4% during the 3rd 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 period. Finally, GAMMA Investing LLC increased its holdings in Workiva by 287.8% during the 3rd 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 period. Institutional investors own 92.21% of the company’s stock.

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.