Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Workiva (NYSE:WK) Stock Price
News headlines about Workiva (NYSE:WK) have trended somewhat positive on Monday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Workiva earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 47.5521303122276 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Workiva Inc. (WK) Expected to Post Earnings of -$0.35 Per Share (americanbankingnews.com)
- Workiva Inc. (NYSE:WK) Issues FY17 Earnings Guidance (overnewsmagazine.com)
- Workiva Inc. (NYSE:WK) Given Buy Rating at Stifel Nicolaus (americanbankingnews.com)
- Workiva Inc. (NYSE:WK) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS (americanbankingnews.com)
- Workiva, Inc. breached its 50 day moving average in a Bearish Manner : WK-US : August 3, 2017 (finance.yahoo.com)
Shares of Workiva (NYSE WK) traded down 2.75% during midday trading on Monday, reaching $19.45. 57,085 shares of the company’s stock were exchanged. Workiva has a one year low of $12.15 and a one year high of $20.95. The firm’s market cap is $804.78 million. The stock’s 50-day moving average is $19.51 and its 200 day moving average is $16.63.
Workiva (NYSE:WK) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.06. The company had revenue of $49.40 million during the quarter, compared to the consensus estimate of $48.37 million. Workiva had a negative net margin of 18.94% and a negative return on equity of 13,251.94%. Workiva’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.20) earnings per share. Analysts anticipate that Workiva will post ($0.63) EPS for the current year.
A number of equities analysts recently weighed in on the stock. Northland Securities restated a “buy” rating and issued a $18.00 price objective on shares of Workiva in a report on Friday, July 28th. Stifel Nicolaus restated a “buy” rating and issued a $21.00 price objective on shares of Workiva in a report on Friday. BidaskClub lowered shares of Workiva from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Morgan Stanley restated an “equal weight” rating and issued a $18.00 price objective (up from $16.00) on shares of Workiva in a report on Tuesday, July 25th. Finally, Credit Suisse Group boosted their price objective on shares of Workiva from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, May 15th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.88.
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In other Workiva news, major shareholder Jerome M. Behar sold 56,121 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $18.77, for a total value of $1,053,391.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Jerome M. Behar sold 53,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $18.13, for a total transaction of $969,955.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 398,945 shares of company stock valued at $7,709,163. 33.40% of the stock is owned by insiders.
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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