Credit Suisse analyst Brad Zelnick maintained a Hold rating on Workiva Inc (NYSE: WK) on May 10 and set a price target of $24. The company’s shares closed on Friday at $26.90, close to its 52-week high of $27.60.
Zelnick commented:
“We have assumed coverage of Workiva. We have made no changes to our rating, target price, or estimates at this time. Share price performance WK.N S& P 5 0 0 IN D EX Ju l- 1 7 O ct – 1 7 Jan – 1 8 A p r – 1 8 1 5 2 0 2 5 3 0 500 INDEX closed at 2697.79 Daily May10, 2017 – May09, 2018, 05/10/17 = and valuation metrics EPS (Excl. EPS (CS adj., ) -0.60 -0.73 -0.52 Prev. EPS (CS adj., US$) – – – P/E (CS adj.) (x) -45.6 -37.6 -52.7 P/E rel.”
According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 13.0% and a 70.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ultimate Software, and Microsoft Corp.
Workiva Inc has an analyst consensus of Moderate Buy, with a price target consensus of $26.40.
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Based on Workiva Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $9.62 million. In comparison, last year the company had a GAAP net loss of $5.84 million.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.
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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.
