Analysts Set Workiva Inc. (NYSE:WK) Price Target at $111.80

Workiva Inc. (NYSE:WK) has earned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $117.40.

WK has been the subject of several recent research reports. Robert W. Baird boosted their price target on Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Stifel Nicolaus upgraded Workiva from a “hold” rating to a “buy” rating and lifted their price target for the company from $102.00 to $130.00 in a research report on Wednesday. BMO Capital Markets increased their target price on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Citigroup lifted their target price on shares of Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday.

Workiva Price Performance

Shares of WK opened at $111.38 on Tuesday. Workiva has a 1 year low of $65.47 and a 1 year high of $116.83. The business’s 50 day simple moving average is $91.16 and its 200-day simple moving average is $80.65. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of -121.07 and a beta of 1.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WK. Versor Investments LP bought a new stake in Workiva in the 3rd quarter valued at $1,217,000. TimesSquare Capital Management LLC lifted its stake in Workiva by 4.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock valued at $37,010,000 after acquiring an additional 19,095 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Workiva by 138.8% during the third quarter. Mutual of America Capital Management LLC now owns 54,059 shares of the software maker’s stock worth $4,277,000 after acquiring an additional 31,421 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Workiva during the 3rd quarter worth about $641,000. Finally, Impax Asset Management Group plc boosted its holdings in Workiva by 16.5% in the 3rd quarter. Impax Asset Management Group plc now owns 158,586 shares of the software maker’s stock valued at $12,547,000 after purchasing an additional 22,500 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Workiva Company Profile

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.