Workiva’s (WK) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d-) rating on shares of Workiva (NYSE:WK) in a research note released on Friday morning,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the company. Capital One Financial set a $100.00 price target on Workiva in a research note on Tuesday, September 30th. Wall Street Zen raised Workiva from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Wolfe Research upped their target price on shares of Workiva from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. BMO Capital Markets lifted their price target on shares of Workiva from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Finally, Citigroup boosted their price target on shares of Workiva from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. Ten investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $99.27.

Workiva Stock Performance

NYSE:WK opened at $89.22 on Friday. The company has a 50-day moving average of $82.88 and a 200-day moving average of $74.05. Workiva has a 52 week low of $60.50 and a 52 week high of $116.83. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of -74.35 and a beta of 0.87.

Workiva (NYSE:WK) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.14. The business had revenue of $215.19 million during the quarter, compared to analyst estimates of $208.92 million. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. Sell-side analysts forecast that Workiva will post -0.92 EPS for the current year.

Hedge Funds Weigh In On Workiva

A number of institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new stake in shares of Workiva during the third quarter valued at approximately $189,000. Benjamin Edwards Inc. lifted its holdings in Workiva by 70.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 5,398 shares of the software maker’s stock worth $465,000 after buying an additional 2,232 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Workiva in the 3rd quarter valued at $286,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Workiva in the 3rd quarter valued at $878,000. Finally, Diversified Trust Co bought a new stake in shares of Workiva during the third quarter worth $460,000. 92.21% of the stock is owned by institutional investors.

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.