Zacks Research upgraded Workiva Inc. (NYSE:WK) from a "hold" rating to a "strong-buy" in a report released Thursday.
Workiva reported second-quarter earnings per share of $0.77. This surpassed analyst estimates of $0.64.
The company's revenue for the quarter reached $255.29 million. This marks an 18.6% increase compared to the same quarter last year. Revenue also beat consensus estimates.
Assenagon Asset Management S.A. recently acquired a new position in Workiva. The firm purchased 96,074 shares. These shares are valued at approximately $4.66 million.