Zacks Research Downgrades Workiva (NYSE:WK) to Hold

Workiva (NYSE:WK) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Wall Street Zen lowered shares of Workiva from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings cut shares of Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Robert W. Baird set a $74.00 price target on shares of Workiva in a report on Wednesday, May 6th. Stephens reaffirmed an “overweight” rating and issued a $68.00 price target on shares of Workiva in a report on Tuesday, May 26th. Finally, Stifel Nicolaus lowered their price objective on Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Workiva presently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Workiva Stock Performance

NYSE:WK opened at $52.91 on Monday. Workiva has a 52-week low of $43.34 and a 52-week high of $97.10. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 230.06 and a beta of 0.50. The business’s fifty day moving average is $49.56 and its 200 day moving average is $62.40.

Workiva (NYSE:WK) last issued its earnings results on Tuesday, May 5th. The software maker reported $0.77 EPS for the quarter, topping the consensus estimate of $0.66 by $0.11. The business had revenue of $247.31 million during the quarter, compared to the consensus estimate of $245.17 million. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The firm’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Equities analysts predict that Workiva will post 0.92 EPS for the current fiscal year.

Insider Transactions at Workiva

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $49.69, for a total value of $49,690.00. Following the completion of the transaction, the director owned 34,802 shares of the company’s stock, valued at $1,729,311.38. The trade was a 2.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.77% of the stock is currently owned by insiders.

Institutional Trading of Workiva

Hedge funds have recently made changes to their positions in the stock. Eminence Capital LP increased its stake in Workiva by 40.7% in the third quarter. Eminence Capital LP now owns 3,723,546 shares of the software maker’s stock valued at $320,523,000 after acquiring an additional 1,076,778 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Workiva by 88.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker’s stock worth $66,168,000 after purchasing an additional 520,839 shares in the last quarter. Hawk Ridge Capital Management LP bought a new position in shares of Workiva during the 1st quarter valued at about $65,091,000. Conestoga Capital Advisors LLC increased its position in shares of Workiva by 8.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,083,243 shares of the software maker’s stock valued at $93,430,000 after purchasing an additional 87,056 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Workiva during the 3rd quarter valued at about $88,289,000. 92.21% of the stock is owned by institutional investors.

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.