Workiva (NYSE:WK) Downgraded by Zacks Research to Hold

Zacks Research cut shares of Workiva (NYSE:WK) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks reports.

Other equities research analysts have also recently issued reports about the stock. UBS Group set a $70.00 price target on shares of Workiva in a research report on Wednesday, August 5th. Robert W. Baird increased their price target on Workiva from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. BTIG Research set a $85.00 price objective on shares of Workiva in a research report on Wednesday, September 16th. Stifel Nicolaus set a $95.00 target price on shares of Workiva in a research report on Thursday, August 27th. Finally, Citigroup reissued a “buy” rating on shares of Workiva in a research note on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Workiva has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Workiva Trading Down 2.3%

Shares of WK opened at $70.26 on Monday. The company’s 50-day moving average price is $70.94 and its 200 day moving average price is $59.14. Workiva has a 12-month low of $43.34 and a 12-month high of $97.10. The firm has a market cap of $3.94 billion, a P/E ratio of 85.69 and a beta of 0.53.

Workiva (NYSE:WK) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. The company had revenue of $255.29 million for the quarter, compared to analysts’ expectations of $251.16 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The firm’s revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 earnings per share. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Equities research analysts forecast that Workiva will post 1.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Brandon Ziegler sold 6,571 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the sale, the executive vice president directly owned 126,216 shares in the company, valued at approximately $9,588,629.52. This trade represents a 4.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.77% of the company’s stock.

Institutional Investors Weigh In On Workiva

A number of hedge funds have recently bought and sold shares of WK. Lakehouse Capital Pty Ltd grew its stake in Workiva by 97.7% in the third quarter. Lakehouse Capital Pty Ltd now owns 199,776 shares of the software maker’s stock worth $13,299,000 after purchasing an additional 98,750 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Workiva by 66.7% during the third quarter. Versant Capital Management Inc now owns 887 shares of the software maker’s stock valued at $59,000 after acquiring an additional 355 shares during the period. Engineers Gate Manager LP boosted its holdings in Workiva by 10.6% during the second quarter. Engineers Gate Manager LP now owns 66,202 shares of the software maker’s stock worth $3,211,000 after buying an additional 6,357 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Workiva during the 2nd quarter worth about $46,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of Workiva in the second quarter valued at $123,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

About Workiva

Workiva Inc is a cloud-based software company that helps organizations manage complex reporting, compliance and operational processes. Its platform connects data from multiple sources, enabling users to prepare, review and distribute financial reports, regulatory filings, management reports and other business documents through a collaborative digital environment.

The company’s products support financial reporting, environmental, social and governance (ESG) reporting, risk management, internal controls, audit management and regulatory compliance.