Zacks Investment Research upgraded shares of Workiva (NYSE:WK) from a sell rating to a hold rating in a research note released on Saturday morning.

According to Zacks, “Workiva LLC offers a cloud-based and mobile-enabled platform for enterprises to collect, manage, report and analyze critical business data in real time. The company provides solutions for compliance, risk, sustainability and management reporting as well as enterprise risk management. It serves the manufacturing and materials, energy and utilities, financial services, healthcare, media and entertainment, real estate, retail, consumer goods, services, transportation and technology and telecom industries. Workiva LLC is headquartered in Ames, Iowa. “

Several other equities research analysts have also recently commented on the company. Northland Securities restated a buy rating and set a $23.00 price target on shares of Workiva in a research note on Sunday, October 29th. Morgan Stanley upped their price target on 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 Workiva from a d rating to a c- rating in a research note on Wednesday, December 13th. Credit Suisse Group upped their price target on Workiva from $19.00 to $21.00 and gave the stock a neutral rating in a research note on Wednesday, November 8th. Finally, SunTrust Banks reiterated a buy rating and issued a $24.00 price objective on shares of Workiva in a research report on Friday, November 3rd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $22.14.

Shares of Workiva (WK) opened at $21.85 on Friday. Workiva has a 52 week low of $12.15 and a 52 week high of $23.70. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of -1.29. The company has a market capitalization of $913.91, a P/E ratio of -24.01 and a beta of 0.63.

Workiva (NYSE:WK) last released its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.23) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.17. The company had revenue of $52.10 million for the quarter, compared to analysts’ expectations of $50.64 million. During the same quarter last year, the company earned ($0.23) EPS. Workiva’s revenue for the quarter was up 16.6% compared to the same quarter last year. research analysts forecast that Workiva will post -1.1 EPS for the current fiscal year.

In other Workiva news, major shareholder Jerome M. Behar sold 2,442 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $23.40, for a total value of $57,142.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 33.29% of the company’s stock.

A number of institutional investors have recently bought and sold shares of WK. Vanguard Group Inc. grew its holdings in Workiva by 12.4% in the second quarter. Vanguard Group Inc. now owns 1,336,468 shares of the software maker’s stock valued at $25,459,000 after purchasing an additional 147,450 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Workiva by 905.9% in the second quarter. JPMorgan Chase & Co. now owns 158,336 shares of the software maker’s stock valued at $3,016,000 after purchasing an additional 142,595 shares during the last quarter. OxFORD Asset Management LLP acquired a new stake in Workiva in the second quarter valued at $2,647,000. Menta Capital LLC grew its holdings in Workiva by 356.1% in the second quarter. Menta Capital LLC now owns 142,553 shares of the software maker’s stock valued at $2,716,000 after purchasing an additional 111,295 shares during the last quarter. Finally, EAM Investors LLC acquired a new stake in Workiva in the third quarter valued at $2,122,000. 35.15% of the stock is currently owned by institutional investors.

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About Workiva

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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