Wall Street analysts expect Workiva Inc (NYSE:WK) to post sales of $53.30 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Workiva’s earnings, with estimates ranging from $53.20 million to $53.40 million. Workiva reported sales of $46.37 million in the same quarter last year, which would suggest a positive year over year growth rate of 14.9%. The business is scheduled to issue its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Workiva will report full year sales of $53.30 million for the current financial year, with estimates ranging from $206.57 million to $207.00 million. For the next fiscal year, analysts expect that the business will post sales of $235.41 million per share, with estimates ranging from $234.97 million to $236.21 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Workiva.

Workiva (NYSE:WK) last released its earnings results on Tuesday, November 7th. The software maker reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.17. The business had revenue of $52.10 million for the quarter, compared to analyst estimates of $50.64 million. During the same period in the prior year, the firm posted ($0.23) EPS. Workiva’s revenue was up 16.6% on a year-over-year basis.

A number of equities analysts have recently weighed in on the stock. SunTrust Banks reissued a “buy” rating and set a $24.00 price target (up from $22.00) on shares of Workiva in a research report on Wednesday, September 20th. Northland Securities set a $23.00 price target on shares of Workiva and gave the stock a “buy” rating in a research report on Sunday, September 10th. Stifel Nicolaus lifted their price target on shares of Workiva from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research cut shares of Workiva from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Finally, TheStreet raised shares of Workiva from a “d” rating to a “c-” rating in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Workiva currently has an average rating of “Hold” and a consensus target price of $22.14.

In other news, major shareholder Jerome M. Behar sold 9,500 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $22.04, for a total transaction of $209,380.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Jerome M. Behar sold 25,000 shares of the business’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $22.04, for a total transaction of $551,000.00. The disclosure for this sale can be found here. Insiders sold a total of 36,942 shares of company stock worth $817,523 over the last quarter. Company insiders own 33.29% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Old Mutual Global Investors UK Ltd. acquired a new position in Workiva in the 3rd quarter valued at about $106,000. ETF Managers Group LLC acquired a new position in Workiva in the 2nd quarter valued at about $118,000. Legal & General Group Plc grew 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 valued at $134,000 after buying an additional 597 shares during the last quarter. Bank of Montreal Can acquired a new position in Workiva in the 2nd quarter valued at about $162,000. Finally, Voya Investment Management LLC acquired a new position in Workiva in the 2nd quarter valued at about $192,000. Institutional investors own 35.15% of the company’s stock.

Workiva (NYSE WK) traded down $0.15 on Wednesday, reaching $21.25. 173,400 shares of the company’s stock were exchanged, compared to its average volume of 169,100. The firm has a market cap of $884.63, a price-to-earnings ratio of -23.35 and a beta of 0.63. Workiva has a 12-month low of $12.15 and a 12-month high of $23.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of -1.29.

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Workiva Company Profile

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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