Workiva (WK) Getting Somewhat Favorable Press Coverage, Report Finds
News headlines about Workiva (NYSE:WK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Workiva earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 45.8302704762163 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s analysis:
- Workiva Inc. (WK) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- Monthly Up Look: Workiva Inc. (WK) stock moves 4.25% – Street Observer (press release) (streetobserver.com)
- -$0.29 EPS Expected for Workiva Inc. (WK) This Quarter (americanbankingnews.com)
- Workiva Inc. (WK) Major Shareholder Jerome M. Behar Sells 942 Shares (americanbankingnews.com)
- Workiva Inc. (WK) Major Shareholder Sells $27,004.55 in Stock (americanbankingnews.com)
Workiva (NYSE WK) opened at 21.95 on Friday. Workiva has a 1-year low of $12.15 and a 1-year high of $22.15. The firm’s 50 day moving average price is $20.15 and its 200-day moving average price is $18.60. The stock’s market cap is $918.08 million.
Workiva (NYSE:WK) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.06. Workiva had a negative net margin of 18.94% and a negative return on equity of 13,251.94%. The business had revenue of $49.40 million during the quarter, compared to the consensus estimate of $48.37 million. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, equities analysts anticipate that Workiva will post ($0.63) earnings per share for the current year.
A number of equities analysts recently issued reports on the company. Northland Securities set a $23.00 target price on Workiva and gave the stock a “buy” rating in a research note on Sunday, September 10th. Stifel Nicolaus restated a “buy” rating and issued a $21.00 target price on shares of Workiva in a research note on Friday, August 4th. Zacks Investment Research upgraded Workiva from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday. BidaskClub lowered Workiva from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Robert W. Baird lifted their price objective on Workiva from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, September 21st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $21.57.
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In other news, major shareholder Jerome M. Behar sold 125,000 shares of the stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $20.52, for a total transaction of $2,565,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jerome M. Behar sold 1,289 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $20.95, for a total transaction of $27,004.55. The disclosure for this sale can be found here. Insiders have sold 488,898 shares of company stock valued at $9,884,314 in the last quarter. Insiders own 33.29% of the company’s stock.
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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