Workiva Inc. (NYSE:WK) Receives Average Rating of "Buy" from Brokerages

Workiva Inc. (NYSE:WK - Get Free Report) has earned an average rating of "Buy" from the eight analysts that are presently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $121.57.

A number of analysts have recently commented on WK shares. Robert W. Baird lifted their price target on Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Raymond James raised Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 price target on the stock in a research note on Friday, January 3rd. The Goldman Sachs Group lifted their price target on Workiva from $120.00 to $133.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Stifel Nicolaus cut their price target on Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, Citigroup lifted their price target on Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th.

Workiva Price Performance

NYSE:WK traded up $1.90 during trading hours on Friday, hitting $89.40. The company's stock had a trading volume of 675,305 shares, compared to its average volume of 414,553. The stock has a fifty day simple moving average of $100.38 and a 200-day simple moving average of $91.24. The company has a market capitalization of $4.95 billion, a P/E ratio of -97.17 and a beta of 1.09. Workiva has a twelve month low of $65.47 and a twelve month high of $116.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WK. Nisa Investment Advisors LLC grew its stake in shares of Workiva by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock worth $159,000 after acquiring an additional 116 shares during the period. World Investment Advisors grew its stake in shares of Workiva by 2.7% during the 4th quarter. World Investment Advisors now owns 5,135 shares of the software maker's stock worth $562,000 after acquiring an additional 135 shares during the period. Park Avenue Securities LLC grew its stake in shares of Workiva by 4.5% during the 4th quarter. Park Avenue Securities LLC now owns 4,561 shares of the software maker's stock worth $499,000 after acquiring an additional 198 shares during the period. Arizona State Retirement System grew its stake in shares of Workiva by 1.6% during the 4th quarter. Arizona State Retirement System now owns 14,170 shares of the software maker's stock worth $1,552,000 after acquiring an additional 224 shares during the period. Finally, Twin Tree Management LP bought a new position in shares of Workiva during the 4th quarter worth $25,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

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.