Raymond James Upgrades Workiva (NYSE:WK) to "Outperform"

Workiva (NYSE:WK - Get Free Report) was upgraded by equities research analysts at Raymond James from a "market perform" rating to an "outperform" rating in a research report issued on Friday, MarketBeat reports. The brokerage currently has a $135.00 price target on the software maker's stock. Raymond James' price target would suggest a potential upside of 21.24% from the stock's current price.

WK has been the subject of several other reports. Citigroup lifted their target price on Workiva from $116.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. BMO Capital Markets lifted their price objective on shares of Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Stifel Nicolaus upgraded shares of Workiva from a "hold" rating to a "buy" rating and upped their target price for the stock from $102.00 to $130.00 in a research note on Wednesday, December 18th. Finally, Robert W. Baird lifted their price target on shares of Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.33.

Workiva Trading Up 2.3 %

Shares of NYSE WK traded up $2.48 during midday trading on Friday, hitting $111.35. The company's stock had a trading volume of 439,360 shares, compared to its average volume of 399,530. The business's 50 day moving average is $98.68 and its two-hundred day moving average is $83.63. Workiva has a 12-month low of $65.47 and a 12-month high of $116.83. The firm has a market cap of $6.17 billion, a P/E ratio of -121.03 and a beta of 1.09.

Hedge Funds Weigh In On Workiva

A number of large investors have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in Workiva during the 3rd quarter valued at $28,000. Quarry LP lifted its stake in shares of Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker's stock worth $33,000 after purchasing an additional 166 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Workiva during the second quarter valued at about $62,000. Headlands Technologies LLC grew its stake in Workiva by 896.0% in the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker's stock valued at $128,000 after purchasing an additional 1,577 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Workiva in the third quarter worth about $168,000. 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.