Workiva (NYSE:WK) had its price target hoisted by stock analysts at Northland Securities from $30.00 to $40.00 in a research report issued to clients and investors on Monday, The Fly reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Northland Securities’ price objective suggests a potential upside of 1.78% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. SunTrust Banks lifted their target price on Workiva to $39.00 and gave the company a “positive” rating in a research report on Wednesday, August 29th. They noted that the move was a valuation call. Stifel Nicolaus lifted their target price on Workiva from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, September 21st. Finally, Morgan Stanley lowered Workiva from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $20.00 to $28.00 in a research report on Tuesday, September 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Workiva presently has an average rating of “Buy” and a consensus price target of $33.71.

Shares of Workiva stock opened at $39.30 on Monday. Workiva has a 52-week low of $19.70 and a 52-week high of $40.65. The company has a market capitalization of $1.59 billion, a P/E ratio of -36.73 and a beta of 0.85. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of -1.01.

Workiva (NYSE:WK) last announced its earnings results on Tuesday, August 7th. The software maker reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.12. The firm had revenue of $59.13 million during the quarter, compared to analyst estimates of $56.08 million. research analysts forecast that Workiva will post -1.15 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can bought a new position in Workiva in the second quarter valued at approximately $311,000. Engineers Gate Manager LP bought a new position in Workiva in the second quarter valued at approximately $411,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Workiva in the second quarter valued at approximately $1,645,000. Acadian Asset Management LLC bought a new position in Workiva in the second quarter valued at approximately $541,000. Finally, Envestnet Asset Management Inc. bought a new position in Workiva in the first quarter valued at approximately $312,000. Hedge funds and other institutional investors own 40.73% of the company’s stock.

Workiva Company Profile

Workiva Inc provides cloud solutions for the finance and accounting, audit and internal controls, risk and compliance, and performance and management reporting markets in the United States and internationally. The company provides Wdesk, a platform with proprietary word processing, spreadsheet, and presentation applications to collect, link, report, and analyze the business data, as well as to create, review, and publish data-linked documents and reports.

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Analyst Recommendations for Workiva (NYSE:WK)

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