Workiva (WK) Receiving Somewhat Favorable Media Coverage, Accern Reports
News headlines about Workiva (NYSE:WK) have been trending somewhat positive on Monday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Workiva earned a news impact score of 0.11 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 45.835217393676 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of research firms have issued reports on WK. SunTrust Banks reiterated a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of Workiva in a research report on Wednesday, September 20th. Northland Securities set a $23.00 target price on Workiva and gave the company a “buy” rating in a research report on Sunday, September 10th. Stifel Nicolaus lifted their target price on Workiva from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research cut Workiva from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Finally, TheStreet upgraded Workiva from a “d” rating to a “c-” rating in a research report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Workiva has an average rating of “Hold” and an average price target of $22.14.
Shares of Workiva (NYSE WK) opened at $21.60 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of -1.29. Workiva has a twelve month low of $12.15 and a twelve month high of $23.70.
Workiva (NYSE:WK) last released its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.23) earnings per share 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. Workiva had a negative return on equity of 13,251.94% and a negative net margin of 18.83%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.23) earnings per share. equities research analysts predict that Workiva will post -1.1 earnings per share for the current year.
In related news, major shareholder Jerome M. Behar sold 1,289 shares of Workiva stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $20.95, for a total value of $27,004.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Jerome M. Behar sold 3,798 shares of Workiva stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $20.25, for a total value of $76,909.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,154 shares of company stock worth $2,256,241. Company insiders own 33.29% of the company’s stock.
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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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