Brokerages Set Workiva Inc. (NYSE:WK) PT at $111.80

Shares of Workiva Inc. (NYSE:WK - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $111.80.

A number of research firms have commented on WK. Stifel Nicolaus boosted their price target on shares of Workiva from $85.00 to $102.00 and gave the company a "hold" rating in a research report on Thursday, November 7th. BMO Capital Markets increased their price target on Workiva from $96.00 to $104.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Robert W. Baird lifted their price objective on Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Citigroup boosted their price objective on Workiva from $116.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Versor Investments LP bought a new stake in shares of Workiva during the third quarter worth $1,217,000. TimesSquare Capital Management LLC raised its stake in shares of Workiva by 4.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker's stock valued at $37,010,000 after purchasing an additional 19,095 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Workiva by 138.8% during the third quarter. Mutual of America Capital Management LLC now owns 54,059 shares of the software maker's stock worth $4,277,000 after buying an additional 31,421 shares during the period. GSA Capital Partners LLP bought a new position in shares of Workiva during the third quarter worth about $641,000. Finally, Impax Asset Management Group plc lifted its stake in Workiva by 16.5% in the 3rd quarter. Impax Asset Management Group plc now owns 158,586 shares of the software maker's stock valued at $12,547,000 after acquiring an additional 22,500 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

Workiva Price Performance

Shares of WK traded up $3.88 during mid-day trading on Tuesday, reaching $109.30. The company had a trading volume of 477,201 shares, compared to its average volume of 378,439. The company has a market capitalization of $6.05 billion, a P/E ratio of -118.79 and a beta of 1.09. Workiva has a twelve month low of $65.47 and a twelve month high of $109.91. The company's 50-day moving average is $89.86 and its 200-day moving average is $80.21.

About Workiva

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.