Shares of Workiva Inc (NYSE:WK) have been given an average rating of “Buy” by the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $23.83.
A number of equities research analysts have recently issued reports on WK shares. Morgan Stanley upped their price objective on shares of Workiva from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, May 3rd. ValuEngine raised shares of Workiva from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 11th. Finally, TheStreet cut shares of Workiva from a “c-” rating to a “d-” rating in a research note on Wednesday, May 23rd.
WK stock traded down $0.25 during midday trading on Friday, reaching $31.10. The company had a trading volume of 9,378 shares, compared to its average volume of 195,298. 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 1 year low of $19.35 and a 1 year high of $32.25. The stock has a market cap of $1.29 billion, a PE ratio of -29.49 and a beta of 0.61.
Several institutional investors have recently made changes to their positions in WK. PNC Financial Services Group Inc. purchased a new stake in shares of Workiva in the 1st quarter valued at $113,000. SG Americas Securities LLC purchased a new stake in shares of Workiva in the 2nd quarter valued at $127,000. Russell Investments Group Ltd. boosted its stake in shares of Workiva by 114.3% in the 1st quarter. Russell Investments Group Ltd. now owns 7,500 shares of the software maker’s stock valued at $178,000 after purchasing an additional 4,000 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Workiva in the 1st quarter valued at $200,000. Finally, MetLife Investment Advisors LLC purchased a new stake in Workiva during the 4th quarter valued at $240,000. 42.36% of the stock is owned by institutional investors.
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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