Equities research analysts expect Workiva Inc (NYSE:WK) to report ($0.19) earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Workiva’s earnings, with the highest EPS estimate coming in at ($0.19) and the lowest estimate coming in at ($0.20). Workiva reported earnings per share of ($0.04) during the same quarter last year, which would indicate a negative year over year growth rate of 375%. The company is expected to issue its next earnings report on Thursday, May 3rd.

On average, analysts expect that Workiva will report full year earnings of ($0.79) per share for the current year, with EPS estimates ranging from ($0.80) to ($0.77). For the next financial year, analysts expect that the business will post earnings of ($0.51) per share, with EPS estimates ranging from ($0.69) to ($0.35). Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Workiva.

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Workiva (NYSE:WK) last announced its earnings results on Thursday, February 22nd. The software maker reported ($0.34) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.03. The business had revenue of $54.51 million for the quarter, compared to analyst estimates of $53.28 million. During the same period in the prior year, the company earned ($0.09) earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis.

Several brokerages recently issued reports on WK. SunTrust Banks reaffirmed a “buy” rating and set a $28.00 target price on shares of Workiva in a research report on Friday, February 23rd. Northland Securities reaffirmed a “buy” rating and set a $27.00 target price on shares of Workiva in a research report on Friday, February 23rd. Stifel Nicolaus upped their target price on Workiva from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Raymond James Financial lowered Workiva from an “outperform” rating to a “market perform” rating in a research report on Friday, February 23rd. Finally, Citigroup lowered Workiva to a “market perform” rating in a research report on Friday, February 23rd. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Workiva has an average rating of “Hold” and an average target price of $23.86.

In other news, major shareholder Jerome M. Behar sold 75,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $24.44, for a total value of $1,833,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Eugene S. Katz sold 6,000 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $22.83, for a total value of $136,980.00. Following the completion of the transaction, the director now directly owns 124,836 shares in the company, valued at $2,850,005.88. The disclosure for this sale can be found here. Insiders sold 257,923 shares of company stock worth $6,141,505 over the last three months. Corporate insiders own 33.29% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Workiva in the third quarter worth about $106,000. Voya Investment Management LLC purchased a new stake in shares of Workiva in the second quarter worth about $192,000. AMP Capital Investors Ltd purchased a new stake in shares of Workiva in the fourth quarter worth about $203,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Workiva in the fourth quarter worth about $219,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Workiva in the third quarter worth about $224,000. 40.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of Workiva (WK) traded up $0.05 during trading hours on Friday, reaching $23.60. The company had a trading volume of 387,166 shares, compared to its average volume of 244,847. Workiva has a 12 month low of $14.85 and a 12 month high of $26.75. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -1.09.

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About Workiva

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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