Workiva Inc. (NYSE:WK) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Workiva Inc. (NYSE:WK) have received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $122.14.

WK has been the topic of a number of recent research reports. The Goldman Sachs Group raised their target price on shares of Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird raised their price target on Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Citigroup upped their price objective on Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Friday, January 3rd. Finally, BMO Capital Markets increased their price objective on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Workiva Stock Performance

Workiva stock opened at $114.17 on Friday. Workiva has a 1 year low of $65.47 and a 1 year high of $116.83. The firm’s 50-day moving average is $103.29 and its 200-day moving average is $85.83.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in Workiva in the 3rd quarter valued at about $28,000. Quarry LP boosted its holdings in shares of Workiva by 57.8% in the second quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after acquiring an additional 166 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Workiva in the second quarter valued at approximately $62,000. Headlands Technologies LLC increased its stake in shares of Workiva by 896.0% during the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock valued at $128,000 after acquiring an additional 1,577 shares during the period. Finally, Heartwood Wealth Advisors LLC bought a new stake in Workiva during the fourth quarter worth approximately $219,000. 92.21% of the stock is owned by institutional investors and hedge funds.

About Workiva

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.