Brokerages expect that Workiva Inc (NYSE:WK) will report sales of $53.30 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Workiva’s earnings, with the lowest sales estimate coming in at $53.20 million and the highest estimate coming in at $53.40 million. Workiva reported sales of $46.37 million during the same quarter last year, which indicates a positive year-over-year growth rate of 14.9%. The company is expected to report its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Workiva will report full-year sales of $53.30 million for the current fiscal year, with estimates ranging from $206.57 million to $207.00 million. For the next year, analysts anticipate that the company will post sales of $235.41 million per share, with estimates ranging from $234.97 million to $236.21 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Workiva.

Workiva (NYSE:WK) last released its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.17. The business had revenue of $52.10 million during the quarter, compared to analyst estimates of $50.64 million. During the same period in the previous year, the company earned ($0.23) EPS. Workiva’s revenue was up 16.6% on a year-over-year basis.

WK has been the subject of several recent research reports. Zacks Investment Research lowered shares of Workiva from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Northland Securities restated a “buy” rating and issued a $23.00 target price on shares of Workiva in a research note on Sunday, October 29th. Morgan Stanley upped their target price on shares of Workiva from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. TheStreet upgraded shares of Workiva from a “d” rating to a “c-” rating in a research note on Wednesday, December 13th. Finally, Credit Suisse Group upped their target price on shares of Workiva from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.14.

In other Workiva news, major shareholder Jerome M. Behar sold 2,442 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $23.40, for a total transaction of $57,142.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 33.29% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of WK. Vanguard Group Inc. boosted its stake in Workiva by 12.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,336,468 shares of the software maker’s stock valued at $25,459,000 after acquiring an additional 147,450 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Workiva by 905.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 158,336 shares of the software maker’s stock valued at $3,016,000 after acquiring an additional 142,595 shares during the last quarter. OxFORD Asset Management LLP bought a new position in Workiva during the 2nd quarter valued at $2,647,000. Menta Capital LLC lifted its position in shares of Workiva by 356.1% in the 2nd quarter. Menta Capital LLC now owns 142,553 shares of the software maker’s stock worth $2,716,000 after buying an additional 111,295 shares during the last quarter. Finally, EAM Investors LLC bought a new position in shares of Workiva in the 3rd quarter worth about $2,122,000. Hedge funds and other institutional investors own 35.15% of the company’s stock.

Workiva (NYSE WK) traded down $0.10 during trading on Wednesday, hitting $21.35. 77,933 shares of the stock traded hands, compared to its average volume of 152,975. Workiva has a 52 week low of $12.15 and a 52 week high of $23.70. The firm has a market capitalization of $892.99, a price-to-earnings ratio of -23.46 and a beta of 0.63. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of -1.29.

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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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