During the last session, Workiva Inc. (NYSE:WK)’s traded shares were 0.51 million, with the beta value of the company hitting 1.52. At the end of the trading day, the stock’s price was $71.75, reflecting an intraday gain of 5.22% or $3.56. The 52-week high for the WK share is $173.24, that puts it down -141.45 from that peak though still a striking 10.75% gain since the share price plummeted to a 52-week low of $64.04. The company’s market capitalization is $3.98B, and the average trade volume was 434.60K shares over the past three months.
Workiva Inc. (WK) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.90. WK has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.06.
Workiva Inc. (NYSE:WK) trade information
Workiva Inc. (WK) registered a 5.22% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.22% in intraday trading to $71.75 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -7.23%, and it has moved by -35.86% in 30 days. Based on these gigs, the overall price performance for the year is -20.76%.
The consensus price target of analysts on Wall Street is $112.33, which implies an increase of 36.13% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $80.00 and $145.00 respectively. As a result, WK is trading at a discount of -102.09% off the target high and -11.5% off the low.
Workiva Inc. (WK) estimates and forecasts
Statistics show that Workiva Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Workiva Inc. (WK) shares have gone down -53.22% during the last six months, with a year-to-date growth rate less than the industry average at -286.49% against 4.80. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -166.70% this quarter and then drop -141.70% in the quarter after that. In the rating firms’ projections, revenue will increase 25.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $117.07 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $125.71 million by the end of Mar 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 7.40%. While earnings are projected to return 26.10% in 2022.
Workiva Inc. is due to release its next quarterly earnings between May 02 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Workiva Inc. (NYSE:WK)’s Major holders
Workiva Inc. insiders own 6.76% of total outstanding shares while institutional holders control 90.30%, with the float percentage being 96.85%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 428 institutions own stock in it. As of Dec 30, 2021, the company held over 4.17 million shares (or 8.67% of all shares), a total value of $543.73 million in shares.
The next largest institutional holding, with 3.54 million shares, is of Blackrock Inc.’s that is approximately 7.37% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $462.45 million.
Also, the Mutual Funds coming in first place with the largest holdings of Workiva Inc. (WK) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 1.1 million shares. This amounts to just over 2.28 percent of the company’s overall shares, with a $154.72 million market value. The same data shows that the other fund manager holds slightly less at 1.0 million, or about 2.08% of the stock, which is worth about $130.43 million.