Workiva (WK) Receiving Somewhat Favorable Media Coverage, Accern Reports
News headlines about Workiva (NYSE:WK) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Workiva earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 46.8350801564722 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- Workiva, Inc. breached its 50 day moving average in a Bearish Manner : WK-US : December 1, 2017 (finance.yahoo.com)
- ETFs with exposure to Workiva, Inc. : November 30, 2017 (finance.yahoo.com)
- Workiva, Inc. :WK-US: Earnings Analysis: Q3, 2017 By the Numbers : November 29, 2017 (finance.yahoo.com)
- Workiva Inc. (WK) Expected to Post Quarterly Sales of $53.30 Million (americanbankingnews.com)
Several research analysts have recently issued reports on WK shares. Credit Suisse Group raised their target price on shares of Workiva from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. BidaskClub lowered shares of Workiva from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Robert W. Baird raised their target price on shares of Workiva from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, September 21st. Morgan Stanley raised their target price on shares of Workiva from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Finally, Northland Securities reaffirmed a “buy” rating and issued a $23.00 target price on shares of Workiva in a research note on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $22.14.
Workiva (NYSE WK) opened at $21.80 on Friday. Workiva has a one year low of $12.15 and a one year high of $23.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of -1.29.
Workiva (NYSE:WK) last released its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.17. Workiva had a negative net margin of 18.83% and a negative return on equity of 13,251.94%. The business had revenue of $52.10 million for the quarter, compared to analyst estimates of $50.64 million. During the same quarter last year, the firm earned ($0.23) EPS. Workiva’s quarterly revenue was up 16.6% compared to the same quarter last year. equities research analysts expect that Workiva will post -1.1 earnings per share for the current year.
In other Workiva news, major shareholder Jerome M. Behar sold 3,798 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $20.25, for a total transaction of $76,909.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Jerome M. Behar sold 5,885 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $20.20, for a total transaction of $118,877.00. The disclosure for this sale can be found here. Insiders have sold a total of 106,154 shares of company stock worth $2,256,241 in the last three months. 33.29% of the stock is owned by insiders.
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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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