Positive Media Coverage Somewhat Unlikely to Impact Workiva (WK) Stock Price
Press coverage about Workiva (NYSE:WK) has been trending positive on Tuesday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Workiva earned a news impact score of 0.35 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 46.4657924964365 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Workiva Wins GRC Innovation Award for Wdesk Platform (finance.yahoo.com)
- Workiva (WK) Upgraded to “Hold” by ValuEngine (americanbankingnews.com)
- -$0.22 EPS Expected for Workiva Inc (WK) This Quarter (americanbankingnews.com)
- Workiva (WK) to Release Quarterly Earnings on Wednesday (americanbankingnews.com)
Workiva (WK) opened at $22.05 on Tuesday. The stock has a market cap of $924.36, a P/E ratio of -24.23 and a beta of 0.63. Workiva has a 52 week low of $12.55 and a 52 week 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.
Several brokerages have recently issued reports on WK. Zacks Investment Research downgraded shares of Workiva from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Northland Securities reiterated a “buy” rating and issued a $23.00 target price on shares of Workiva in a research note on Sunday, October 29th. Morgan Stanley upped their target price on shares of Workiva from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. TheStreet upgraded shares of Workiva from a “d” rating to a “c-” rating in a research note on Wednesday, December 13th. Finally, Credit Suisse Group upped their target price on shares of Workiva from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $22.14.
In related news, major shareholder Jerome M. Behar sold 2,442 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $23.40, for a total transaction of $57,142.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Jerome M. Behar sold 46,000 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $22.15, for a total transaction of $1,018,900.00. The disclosure for this sale can be found here. 33.29% of the stock is owned by corporate insiders.
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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