News headlines about Workiva (NYSE:WK) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Workiva earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 47.0873138910866 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Workiva (WK) traded down 1.52% during midday trading on Wednesday, hitting $19.50. The stock had a trading volume of 19,896 shares. The stock’s market cap is $815.61 million. The firm has a 50 day moving average price of $19.71 and a 200-day moving average price of $17.94. Workiva has a 52-week low of $12.15 and a 52-week high of $20.95.
Workiva (NYSE:WK) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.06. Workiva had a negative net margin of 18.94% and a negative return on equity of 13,251.94%. The company had revenue of $49.40 million for the quarter, compared to the consensus estimate of $48.37 million. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. Equities analysts predict that Workiva will post ($0.63) EPS for the current fiscal year.
WK has been the topic of a number of research reports. Stifel Nicolaus restated a “buy” rating and issued a $21.00 price target on shares of Workiva in a research note on Friday, August 4th. SunTrust Banks, Inc. began coverage on Workiva in a report on Monday, June 26th. They issued a “buy” rating and a $22.00 target price on the stock. BidaskClub cut Workiva from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 target price (up from $16.00) on shares of Workiva in a report on Tuesday, July 25th. Finally, Northland Securities set a $23.00 price target on Workiva and gave the company a “buy” rating in a report on Sunday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.57.
In other Workiva news, major shareholder Jerome M. Behar sold 125,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $20.52, for a total value of $2,565,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Jerome M. Behar sold 13,804 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $19.10, for a total transaction of $263,656.40. The disclosure for this sale can be found here. Insiders sold 469,990 shares of company stock worth $9,431,516 in the last ninety days. Insiders own 33.40% of the company’s stock.
Workiva Company Profile
Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. 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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