Workiva Inc (NYSE:WK) has received a consensus recommendation of “Hold” from the twelve ratings firms that are covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $23.83.
WK has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Workiva from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. TheStreet upgraded shares of Workiva from a “d” rating to a “c-” rating in a research note on Wednesday, December 13th. ValuEngine upgraded shares of Workiva from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Citigroup cut shares of Workiva to a “market perform” rating in a research note on Friday, February 23rd. Finally, Raymond James Financial cut shares of Workiva from an “outperform” rating to a “market perform” rating in a research note on Friday, February 23rd.
In related news, major shareholder Jerome M. Behar sold 75,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $24.44, for a total transaction of $1,833,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eugene S. Katz sold 6,000 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $22.83, for a total transaction of $136,980.00. Following the transaction, the director now directly owns 124,836 shares in the company, valued at approximately $2,850,005.88. The disclosure for this sale can be found here. Insiders sold 257,923 shares of company stock valued at $6,141,505 over the last 90 days. 33.29% of the stock is owned by corporate insiders.
Shares of Workiva (NYSE WK) opened at $23.55 on Wednesday. The company has a debt-to-equity ratio of -1.09, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $1,010.00, a P/E ratio of -22.22 and a beta of 0.58. Workiva has a one year low of $14.85 and a one year high of $26.75.
Workiva (NYSE:WK) last posted its earnings results on Thursday, February 22nd. The software maker reported ($0.34) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.03. The business had revenue of $54.51 million during the quarter, compared to analyst estimates of $53.28 million. Workiva’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) earnings per share. equities research analysts predict that Workiva will post -1.36 EPS for the current fiscal year.
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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