Workiva (NYSE:WK) Stock Price Expected to Rise, Truist Financial Analyst Says

Workiva (NYSE:WK) had its price objective boosted by investment analysts at Truist Financial from $95.00 to $110.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. Truist Financial’s target price would indicate a potential upside of 23.51% from the stock’s current price.

Several other brokerages also recently commented on WK. Wall Street Zen raised shares of Workiva from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Stifel Nicolaus set a $98.00 price objective on shares of Workiva in a research report on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of Workiva in a report on Wednesday, October 8th. Capital One Financial set a $100.00 target price on Workiva in a research note on Tuesday, September 30th. Finally, Citigroup lifted their price target on Workiva from $105.00 to $110.00 and gave the stock a “buy” rating in a 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $101.91.

Workiva Trading Up 2.5%

WK stock opened at $89.06 on Friday. Workiva has a 1-year low of $60.50 and a 1-year high of $116.83. The business’s 50 day simple moving average is $84.35 and its 200 day simple moving average is $75.34. The firm has a market capitalization of $4.99 billion, a PE ratio of -106.03 and a beta of 0.87.

Workiva (NYSE:WK) last released its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.17. The company had revenue of $224.17 million for the quarter, compared to the consensus estimate of $218.96 million. During the same period last year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS. Q4 2025 guidance at 0.670-0.700 EPS. As a group, sell-side analysts predict that Workiva will post -0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Workiva

Several hedge funds have recently bought and sold shares of WK. University of Texas Texas AM Investment Management Co. acquired a new position in Workiva during the second quarter worth about $1,634,000. Nicholas Company Inc. boosted its stake in shares of Workiva by 9.3% in the 2nd quarter. Nicholas Company Inc. now owns 80,881 shares of the software maker’s stock valued at $5,536,000 after purchasing an additional 6,850 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Workiva during the 1st quarter valued at approximately $877,000. AlphaQuest LLC increased its position in Workiva by 189.1% during the 2nd quarter. AlphaQuest LLC now owns 6,208 shares of the software maker’s stock worth $425,000 after purchasing an additional 4,061 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Workiva by 86.5% during the 1st quarter. AQR Capital Management LLC now owns 84,900 shares of the software maker’s stock worth $6,445,000 after purchasing an additional 39,371 shares in the last quarter. 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.