Analysts Set Workiva Inc. (NYSE:WK) Target Price at $103.92

Shares of Workiva Inc. (NYSE:WK) have been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $103.9231.

WK has been the topic of several recent analyst reports. UBS Group set a $110.00 price objective on Workiva in a research report on Sunday, November 9th. Capital One Financial set a $100.00 price target on shares of Workiva in a research note on Tuesday, September 30th. Stephens lifted their target price on shares of Workiva from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Stifel Nicolaus set a $98.00 price target on Workiva in a research note on Thursday, November 6th. Finally, 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.

Institutional Trading of Workiva

Several large investors have recently added to or reduced their stakes in WK. Eminence Capital LP raised its position in Workiva by 209.6% in the second quarter. Eminence Capital LP now owns 2,646,768 shares of the software maker’s stock worth $181,171,000 after acquiring an additional 1,791,768 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in Workiva during the second quarter valued at about $88,677,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in Workiva in the third quarter worth about $88,289,000. Assenagon Asset Management S.A. raised its stake in shares of Workiva by 14,955.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 740,102 shares of the software maker’s stock worth $63,834,000 after buying an additional 735,186 shares during the period. Finally, Norges Bank purchased a new position in shares of Workiva during the 2nd quarter valued at about $40,230,000. 92.21% of the stock is currently owned by institutional investors.

Workiva Stock Down 0.4%

NYSE:WK opened at $81.36 on Wednesday. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of -96.85 and a beta of 0.60. The company’s 50 day moving average price is $88.10 and its 200-day moving average price is $82.81. Workiva has a 52 week low of $60.50 and a 52 week high of $105.16.

Workiva (NYSE:WK) last announced its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates 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. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Workiva’s revenue was up 20.8% on a year-over-year basis. 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, sell-side analysts anticipate that Workiva will post -0.92 earnings per share for the current year.

Workiva Company Profile

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.