Workiva Inc. (NYSE:WK) Receives $122.14 Consensus Price Target from Brokerages

Shares of Workiva Inc. (NYSE:WK) have earned a consensus rating of “Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $122.14.

A number of research analysts have weighed in on WK shares. Stifel Nicolaus upgraded Workiva from a “hold” rating to a “buy” rating and raised their price target for the company from $102.00 to $130.00 in a research note on Wednesday, December 18th. The Goldman Sachs Group boosted their target price on shares of Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Robert W. Baird increased 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. Citigroup lifted their price objective on shares of Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, BMO Capital Markets upped their target price on shares of Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new stake in shares of Workiva in the third quarter valued at about $28,000. Nisa Investment Advisors LLC raised its stake in Workiva by 8.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock worth $159,000 after purchasing an additional 116 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Workiva in the 3rd quarter valued at about $168,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Workiva by 484.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the software maker’s stock worth $181,000 after purchasing an additional 2,054 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of Workiva during the third quarter worth approximately $207,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Stock Performance

NYSE:WK opened at $98.84 on Wednesday. Workiva has a 52-week low of $65.47 and a 52-week high of $116.83. The company has a market cap of $5.47 billion, a PE ratio of -107.43 and a beta of 1.06. The stock has a 50-day simple moving average of $106.18 and a 200 day simple moving average of $89.54.

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.