Citigroup Issues Positive Forecast for Workiva (NYSE:WK) Stock Price

Workiva (NYSE:WK - Free Report) had its price objective increased by Citigroup from $128.00 to $130.00 in a research note published on Wednesday morning,Benzinga reports. Citigroup currently has a buy rating on the software maker's stock.

A number of other brokerages also recently issued reports on WK. Stifel Nicolaus decreased their price target on shares of Workiva from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday. Raymond James upgraded shares of Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 target price for the company in a report on Friday, January 3rd. Robert W. Baird boosted their price target on shares of Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. BMO Capital Markets reduced their price objective on Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group raised their target price on shares of Workiva from $120.00 to $133.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $121.57.

Workiva Stock Up 0.1 %

NYSE WK traded up $0.07 during trading hours on Wednesday, hitting $87.51. 1,166,818 shares of the company were exchanged, compared to its average volume of 698,593. The company has a 50 day moving average of $101.95 and a two-hundred day moving average of $90.83. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of -95.12 and a beta of 1.06. Workiva has a 52-week low of $65.47 and a 52-week high of $116.83.

Institutional Investors Weigh In On Workiva

Institutional investors have recently made changes to their positions in the stock. Creative Planning lifted its position in Workiva by 73.5% during the 3rd quarter. Creative Planning now owns 11,929 shares of the software maker's stock worth $944,000 after acquiring an additional 5,053 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Workiva by 6,373.4% during the third quarter. International Assets Investment Management LLC now owns 9,257 shares of the software maker's stock worth $732,000 after acquiring an additional 9,114 shares during the period. US Bancorp DE lifted its stake in Workiva by 58.3% during the third quarter. US Bancorp DE now owns 23,431 shares of the software maker's stock valued at $1,854,000 after purchasing an additional 8,632 shares during the last quarter. Impax Asset Management Group plc boosted its stake in shares of Workiva by 16.5% during the 3rd quarter. Impax Asset Management Group plc now owns 158,586 shares of the software maker's stock worth $12,547,000 after acquiring an additional 22,500 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Workiva by 4.3% during the third quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker's stock valued at $37,010,000 after buying an additional 19,095 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other 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.