Workiva (NYSE:WK) Stock Rating Upgraded by Zacks Research

Workiva (NYSE:WK) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on WK. Citigroup reaffirmed a “buy” rating on shares of Workiva in a research note on Monday, February 23rd. Stifel Nicolaus dropped their price target on Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and issued a $102.00 price target on shares of Workiva in a research note on Friday, February 20th. BTIG Research lowered their price objective on Workiva from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised Workiva from a “sell (e+)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.33.

Workiva Trading Up 2.3%

Shares of WK stock opened at $45.33 on Wednesday. Workiva has a 12 month low of $43.34 and a 12 month high of $97.10. The stock has a market cap of $2.54 billion, a PE ratio of 197.10 and a beta of 0.54. The company’s fifty day moving average price is $57.08 and its 200-day moving average price is $73.12.

Workiva (NYSE:WK) last issued its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.11. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The company had revenue of $247.31 million during the quarter, compared to analyst estimates of $245.17 million. During the same period last year, the business earned $0.14 EPS. Workiva’s quarterly revenue was up 19.9% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. On average, sell-side analysts forecast that Workiva will post 0.92 earnings per share for the current fiscal year.

Workiva announced that its board has approved a stock repurchase plan on Monday, February 16th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the software maker to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Workiva

A number of hedge funds have recently bought and sold shares of WK. Private Wealth Asset Management LLC raised its holdings in shares of Workiva by 1,731.7% during the third quarter. Private Wealth Asset Management LLC now owns 75,100 shares of the software maker’s stock valued at $6,465,000 after purchasing an additional 71,000 shares during the last quarter. Irenic Capital Management LP purchased a new stake in Workiva in the third quarter worth approximately $42,783,000. Impax Asset Management Group plc boosted its holdings in Workiva by 19.8% in the third quarter. Impax Asset Management Group plc now owns 136,086 shares of the software maker’s stock worth $11,714,000 after purchasing an additional 22,500 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Workiva by 14,955.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 740,102 shares of the software maker’s stock worth $63,834,000 after purchasing an additional 735,186 shares during the period. Finally, Ranger Investment Management L.P. raised its stake in Workiva by 39.5% during the 3rd quarter. Ranger Investment Management L.P. now owns 312,045 shares of the software maker’s stock valued at $26,861,000 after buying an additional 88,425 shares during the last quarter. Hedge funds and other institutional investors 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.