Workiva Inc. (NYSE:WK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Workiva Inc. (NYSE:WK) has been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $111.80.

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

Institutional Investors Weigh In On Workiva

A number of hedge funds have recently bought and sold shares of the stock. Conestoga Capital Advisors LLC lifted its position in shares of Workiva by 2.8% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,188,445 shares of the software maker’s stock worth $86,745,000 after purchasing an additional 32,230 shares during the last quarter. Geode Capital Management LLC raised its stake in Workiva by 3.2% in the third quarter. Geode Capital Management LLC now owns 1,144,826 shares of the software maker’s stock valued at $90,597,000 after buying an additional 35,029 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in Workiva by 13.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 728,375 shares of the software maker’s stock worth $57,629,000 after buying an additional 86,746 shares during the last quarter. Groupama Asset Managment acquired a new position in shares of Workiva during the 3rd quarter worth about $381,000. Finally, TimesSquare Capital Management LLC increased its holdings 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 acquiring an additional 19,095 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Price Performance

Shares of NYSE:WK opened at $105.52 on Tuesday. The business’s 50 day moving average price is $89.86 and its 200-day moving average price is $80.21. Workiva has a 1 year low of $65.47 and a 1 year high of $106.41. The firm has a market capitalization of $5.84 billion, a PE ratio of -114.70 and a beta of 1.09.

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.