Brokerages Set Workiva Inc. (NYSE:WK) PT at $120.33

Workiva Inc. (NYSE:WK) has been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $120.33.

A number of equities analysts recently weighed in on WK shares. Stifel Nicolaus upgraded shares of Workiva from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $102.00 to $130.00 in a report on Wednesday, December 18th. Raymond James raised Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Friday, January 3rd. BMO Capital Markets lifted their price objective on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Citigroup boosted their target price on Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Robert W. Baird raised their price target on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, December 13th.

Workiva Stock Performance

Shares of Workiva stock opened at $105.75 on Friday. The company has a 50-day simple moving average of $101.72 and a two-hundred day simple moving average of $85.14. The stock has a market capitalization of $5.86 billion, a PE ratio of -114.95 and a beta of 1.07. Workiva has a 52-week low of $65.47 and a 52-week high of $116.83.

Institutional Investors Weigh In On Workiva

A number of large investors have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Workiva in the third quarter worth about $28,000. Quarry LP lifted its holdings in Workiva by 57.8% during the second quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after purchasing an additional 166 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Workiva in the second quarter worth $62,000. Headlands Technologies LLC raised its position in shares of Workiva by 896.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock valued at $128,000 after purchasing an additional 1,577 shares during the period. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Workiva during the 4th quarter valued at $219,000. 92.21% of the stock is currently owned by institutional investors.

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.