Morgan Stanley analyst Stan Zlotsky maintained a Sell rating on Workiva Inc (NYSE: WK) today and set a price target of $26. The company’s shares closed yesterday at $33.01.
According to TipRanks.com, Zlotsky is a 4-star analyst with an average return of 20.0% and a 68.8% success rate. Zlotsky covers the Technology sector, focusing on stocks such as Coupa Software Inc, Veeva Systems, and Sendgrid Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Workiva Inc with a $39.60 average price target.
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Based on Workiva Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $21.77 million. In comparison, last year the company had a GAAP net loss of $14.07 million.
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Workiva, Inc. engages in the provision cloud solutions for improving productivity, accountability, and insight into business data. Its platform, Wydesk, includes proprietary 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. The company was founded by Matthew M. Rizai, Jerome M. Behar, Martin J. Vanderploeg, Joseph H. Howell, and Daniel J. Murray in August 2008 and is headquartered in Ames, IA.
