Workiva (NYSE:WK) Price Target Lowered to $120.00 at Stifel Nicolaus

Workiva (NYSE:WK) had its price objective reduced by Stifel Nicolaus from $130.00 to $120.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the software maker’s stock.

A number of other research firms have also weighed in on WK. BMO Capital Markets boosted their price target on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Citigroup boosted their price target on shares of Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Raymond James upgraded shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group boosted their price target on shares of Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Robert W. Baird boosted their price target on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.57.

Workiva Stock Up 0.1 %

Shares of NYSE WK opened at $87.51 on Wednesday. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of -95.12 and a beta of 1.06. Workiva has a 52-week low of $65.47 and a 52-week high of $116.83. The company’s 50-day simple moving average is $101.95 and its 200-day simple moving average is $90.83.

Hedge Funds Weigh In On Workiva

A number of institutional investors have recently bought and sold shares of WK. Norges Bank purchased a new stake in shares of Workiva in the 4th quarter valued at approximately $59,676,000. Nordea Investment Management AB purchased a new stake in shares of Workiva in the 4th quarter valued at approximately $59,894,000. Groupama Asset Managment purchased a new stake in shares of Workiva in the 3rd quarter valued at approximately $381,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Workiva in the 4th quarter valued at approximately $51,353,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Workiva in the 4th quarter valued at approximately $32,863,000. 92.21% of the stock is owned by hedge funds and other 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.