Workiva (WK) Stock Rating Reaffirmed by SunTrust Banks

Rodiano Bonacci
Febbraio 25, 2018

(NYSE:WK) rating on Thursday, September 21. The software maker reported ($0.34) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.37) by $0.03. The firm has a market cap of $1,092.22, a price-to-earnings ratio of -20.75 and a beta of 0.63. It now has negative earnings. The business had revenue of $54.51 million for the quarter, compared to analyst estimates of $53.28 million. Workiva Inc. (NYSE:WK) has risen 44.77% since February 24, 2017 and is uptrending. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of -1.29. Workiva has a 1 year low of $13.30 and a 1 year high of $26.75. The shares were sold at an average price of $22.95, for a total transaction of $1,147,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Jerome M. Behar sold 50,000 shares of the firm's stock in a transaction on Wednesday, February 7th. The disclosure for this sale can be found here. Insiders sold a total of 251,923 shares of company stock worth $6,004,525 over the last three months.

Several other equities research analysts have also recently weighed in on WK. Credit Suisse Group boosted their target price on shares of Workiva from $19.00 to $21.00 and gave the company a neutral rating in a research note on Wednesday, November 8th.

Raymond James cut shares of Workiva (NYSE:WK) stock from a "Outperform" rating to a "Market Perform" rating in a research note sent to investors and clients on Friday morning. The firm earned "Equal-Weight" rating on Monday, January 23 by Morgan Stanley.

Among 8 analysts covering Workiva (NYSE:WK), 4 have Buy rating, 0 Sell and 4 Hold. The stock has "Buy" rating by Stifel Nicolaus on Friday, February 23. The stock has a consensus rating of "Hold" and an average price target of $23.86.

"COPYRIGHT VIOLATION NOTICE: "-$0.22 EPS Expected for Workiva Inc (WK) This Quarter" was published by and is the sole property of of Finally, Zacks Investment Research lowered Workiva from a hold rating to a sell rating in a report on Tuesday, November 14th. Company insiders own 33.29% of the company's stock. Swiss National Bank now owns 39,021 shares of the software maker's stock worth $743,000 after purchasing an additional 4,500 shares during the period.

Shares of Workiva Inc (NYSE:WK) traded down $3.85 during midday trading on Friday, hitting $22.20. Vanguard Group Inc. now owns 1,336,468 shares of the software maker's stock worth $25,459,000 after purchasing an additional 147,450 shares in the last quarter. Highwater Wealth Management LLC lifted its holdings in Workiva by 3.1% in the third quarter. New York State Common Retirement Fund now owns 26,700 shares of the software maker's stock valued at $509,000 after purchasing an additional 5,299 shares during the last quarter. Nationwide Fund Advisors now owns 14,081 shares of the software maker's stock worth $268,000 after purchasing an additional 1,448 shares during the period. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of USA & global trademark & copyright legislation. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk's word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.

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