Robert W. Baird upgraded shares of Workiva (NYSE:WK) from a neutral rating to an outperform rating in a research report released on Tuesday, Marketbeat Ratings reports. They currently have $42.00 price target on the software maker’s stock.

A number of other research firms have also issued reports on WK. Morgan Stanley lowered Workiva from an equal weight rating to an underweight rating and boosted their target price for the company from $20.00 to $28.00 in a report on Tuesday, September 18th. Northland Securities boosted their target price on Workiva from $30.00 to $40.00 and gave the company an outperform rating in a report on Monday. SunTrust Banks boosted their target price on Workiva to $39.00 and gave the company a positive rating in a report on Wednesday, August 29th. They noted that the move was a valuation call. Finally, Stifel Nicolaus boosted their target price on Workiva from $35.00 to $42.00 and gave the company a buy rating in a report on Friday, September 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Workiva has an average rating of Buy and a consensus target price of $33.71.

Shares of NYSE WK opened at $39.30 on Tuesday. The company has a debt-to-equity ratio of -1.01, a current ratio of 0.86 and a quick ratio of 0.86. Workiva has a twelve month low of $19.70 and a twelve month high of $40.65. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -36.73 and a beta of 0.85.

Workiva (NYSE:WK) last issued its quarterly earnings data on Tuesday, August 7th. The software maker reported ($0.12) earnings per share 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 analysts’ expectations of $56.08 million. sell-side analysts anticipate that Workiva will post -1.15 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its holdings in Workiva by 114.3% during the first quarter. Russell Investments Group Ltd. now owns 7,500 shares of the software maker’s stock worth $178,000 after acquiring an additional 4,000 shares during the period. Rhumbline Advisers grew its holdings in Workiva by 17.5% during the second quarter. Rhumbline Advisers now owns 26,896 shares of the software maker’s stock worth $656,000 after acquiring an additional 4,003 shares during the period. PNC Financial Services Group Inc. acquired a new position in Workiva during the first quarter worth $113,000. SG Americas Securities LLC acquired a new position in Workiva during the second quarter worth $127,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in Workiva by 5.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 119,680 shares of the software maker’s stock worth $2,837,000 after acquiring an additional 6,101 shares during the period. 40.73% of the stock is currently owned by hedge funds and other institutional investors.

About Workiva

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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