Zacks Research Upgrades Workiva (NYSE:WK) to Strong-Buy

Workiva (NYSE:WK) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Stephens reissued an “overweight” rating and issued a $68.00 price target on shares of Workiva in a report on Tuesday, May 26th. Stifel Nicolaus set a $70.00 price target on shares of Workiva in a report on Wednesday, August 5th. Robert W. Baird set a $74.00 price objective on Workiva in a research report on Wednesday, May 6th. UBS Group set a $70.00 price objective on Workiva in a research note on Wednesday, August 5th. Finally, Citigroup restated a “buy” rating on shares of Workiva in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Workiva has a consensus rating of “Moderate Buy” and a consensus target price of $84.75.

Workiva Stock Performance

NYSE:WK opened at $68.10 on Tuesday. The business’s fifty day moving average is $53.72 and its 200 day moving average is $57.18. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 83.05 and a beta of 0.46. Workiva has a 52-week low of $43.34 and a 52-week high of $97.10.

Workiva (NYSE:WK) last issued its earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, topping the consensus estimate of $0.64 by $0.13. The business had revenue of $255.29 million during the quarter, compared to the consensus estimate of $251.16 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The firm’s revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 EPS. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Equities analysts predict that Workiva will post 1.31 EPS for the current fiscal year.

Insider Transactions at Workiva

In related news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $49.69, for a total value of $49,690.00. Following the transaction, the director owned 34,802 shares of the company’s stock, valued at $1,729,311.38. This represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.77% of the company’s stock.

Institutional Investors Weigh In On Workiva

Several hedge funds have recently added to or reduced their stakes in WK. Versant Capital Management Inc increased its position in shares of Workiva by 202.3% during the 2nd quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock valued at $26,000 after purchasing an additional 356 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Workiva during the 4th quarter valued at about $26,000. Leonteq Securities AG bought a new stake in Workiva in the 4th quarter worth approximately $27,000. Allworth Financial LP lifted its position in Workiva by 82.3% in the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after buying an additional 186 shares during the last quarter. Finally, Quarry LP boosted its stake in Workiva by 396.3% in the fourth quarter. Quarry LP now owns 407 shares of the software maker’s stock worth $35,000 after buying an additional 325 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Company Profile

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.