Workiva (NYSE:WK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday.
According to Zacks, “Workiva LLC offers a cloud-based and mobile-enabled platform for enterprises to collect, manage, report and analyze critical business data in real time. The company provides solutions for compliance, risk, sustainability and management reporting as well as enterprise risk management. It serves the manufacturing and materials, energy and utilities, financial services, healthcare, media and entertainment, real estate, retail, consumer goods, services, transportation and technology and telecom industries. Workiva LLC is headquartered in Ames, Iowa. “
A number of other research analysts also recently commented on the stock. TheStreet raised shares of Workiva from a “d” rating to a “c-” rating in a research report on Wednesday, December 13th. Credit Suisse Group lifted their price objective on shares of Workiva from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, November 8th. Stifel Nicolaus lifted their price objective on shares of Workiva from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. SunTrust Banks reissued a “buy” rating and issued a $24.00 price objective on shares of Workiva in a research report on Friday, November 3rd. Finally, Northland Securities reissued a “buy” rating and issued a $23.00 price objective on shares of Workiva in a research report on Sunday, October 29th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Workiva has an average rating of “Hold” and an average target price of $22.14.
Workiva (NYSE:WK) opened at $21.80 on Friday. Workiva has a 12-month low of $12.15 and a 12-month high of $23.70. The company has a market cap of $914.03, a PE ratio of -23.96 and a beta of 0.63. The company has a debt-to-equity ratio of -1.29, a current ratio of 0.90 and a quick ratio of 0.90.
Workiva (NYSE:WK) last announced its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.17. The firm had revenue of $52.10 million during the quarter, compared to the consensus estimate of $50.64 million. During the same period last year, the business earned ($0.23) EPS. The business’s revenue was up 16.6% on a year-over-year basis. sell-side analysts expect that Workiva will post -1.1 earnings per share for the current year.
In other news, major shareholder Jerome M. Behar sold 2,442 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $23.40, for a total transaction of $57,142.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 33.29% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of WK. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Workiva during the 3rd quarter worth about $106,000. ETF Managers Group LLC acquired a new stake in Workiva in the 2nd quarter worth about $118,000. Legal & General Group Plc raised its stake in Workiva by 9.3% in the 2nd quarter. Legal & General Group Plc now owns 6,999 shares of the software maker’s stock worth $134,000 after purchasing an additional 597 shares in the last quarter. Voya Investment Management LLC acquired a new stake in Workiva in the 2nd quarter worth about $192,000. Finally, GSA Capital Partners LLP acquired a new stake in Workiva in the 3rd quarter worth about $224,000. Institutional investors own 35.15% of the company’s stock.
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Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.
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