Workiva Inc. (NYSE:WK) Receives $120.33 Consensus PT from Analysts

Shares of Workiva Inc. (NYSE:WK - Get Free Report) have earned an average rating of "Buy" from the seven research firms that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $120.33.

Several research firms recently issued reports on WK. Robert W. Baird increased their price target on shares of Workiva from $110.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Citigroup boosted their price target on Workiva from $116.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Raymond James raised Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 price objective on the stock in a research note on Friday, January 3rd. BMO Capital Markets lifted their target price on Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus upgraded shares of Workiva from a "hold" rating to a "buy" rating and raised their price target for the company from $102.00 to $130.00 in a research note on Wednesday, December 18th.

Hedge Funds Weigh In On Workiva

Several large investors have recently modified their holdings of WK. Principal Financial Group Inc. lifted its stake in shares of Workiva by 2.0% in the second quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker's stock worth $498,000 after acquiring an additional 137 shares during the period. Rhumbline Advisers lifted its position in shares of Workiva by 3.5% in the 2nd quarter. Rhumbline Advisers now owns 74,660 shares of the software maker's stock worth $5,449,000 after purchasing an additional 2,494 shares during the period. Arizona State Retirement System boosted its stake in shares of Workiva by 3.2% in the 2nd quarter. Arizona State Retirement System now owns 13,532 shares of the software maker's stock valued at $988,000 after purchasing an additional 425 shares during the last quarter. Quest Partners LLC increased its position in shares of Workiva by 44,933.3% during the second quarter. Quest Partners LLC now owns 2,702 shares of the software maker's stock worth $197,000 after buying an additional 2,696 shares during the period. Finally, Headlands Technologies LLC increased its position in shares of Workiva by 896.0% during the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker's stock worth $128,000 after buying an additional 1,577 shares during the period. Institutional investors own 92.21% of the company's stock.

Workiva Price Performance

WK stock traded down $5.18 during midday trading on Friday, reaching $105.80. The company had a trading volume of 473,538 shares, compared to its average volume of 466,340. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of -115.00 and a beta of 1.07. Workiva has a 1-year low of $65.47 and a 1-year high of $116.83. The stock has a 50 day moving average price of $101.72 and a 200-day moving average price of $85.06.

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.