NYSE:WORKSlack Stock Price, Forecast & News

Slack's stock was trading at $23.62 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WORK stock has increased by 37.8% and is now trading at $32.56. View which stocks have been most impacted by Coronavirus.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Slack in the last year. There are currently 1 sell rating, 9 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Slack.

Slack is scheduled to release its next quarterly earnings announcement on Wednesday, September 2nd 2020. View our earnings forecast for Slack.

Slack (NYSE:WORK) posted its quarterly earnings results on Thursday, June, 4th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.12. The business earned $201.65 million during the quarter, compared to analysts' expectations of $188.12 million. Slack had a negative return on equity of 81.89% and a negative net margin of 87.91%. The business's revenue was up 49.6% on a year-over-year basis. View Slack's earnings history.

Slack updated its second quarter earnings guidance on Thursday, June, 4th. The company provided earnings per share guidance of $(0.04)-(0.03) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.06). The company issued revenue guidance of $206-209 million, compared to the consensus revenue estimate of $199.86 million.

24 analysts have issued 1-year price objectives for Slack's stock. Their forecasts range from $20.00 to $45.00. On average, they expect Slack's stock price to reach $33.96 in the next year. This suggests a possible upside of 4.3% from the stock's current price. View analysts' price targets for Slack.

Headlines about WORK stock have trended positive recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Slack earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutSlack.

Some companies that are related to Slack include SEA (SE), Johnson Controls International (JCI), BALFOUR BEATTY/S (BAFYY), NV5 Global (NVEE), Flight Centre Travel Group (FGETF), Donnelley Financial Solutions (DFIN), Altisource Portfolio Solutions (ASPS), Applied DNA Sciences (APDN), Performant Financial (PFMT), Helios and Matheson Analytics (HMNY), Ascent Capital Group Inc Series A (ASCMA) and Cornerworld (CWRL). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Slack investors own include NVIDIA (NVDA), salesforce.com (CRM), Zoom Video Communications (ZM), Alibaba Group (BABA), Walt Disney (DIS), Roku (ROKU), Shopify (SHOP), Netflix (NFLX), Square (SQ) and Tesla (TSLA).

(WORK) raised $4.8 billion in an initial public offering (IPO) on Thursday, June 20th 2019. The company issued 118,400,000 shares at $38.25-$42.00 per share. DPO (Direct Public Offering) served as the underwriter for the IPO.

Slack trades on the New York Stock Exchange (NYSE) under the ticker symbol "WORK."

Slack's stock is owned by a number of institutional and retail investors. Top institutional investors include Morgan Stanley (10.40%), Wellington Management Group LLP (5.65%), SB Investment Advisers UK Ltd. (3.12%), Alliancebernstein L.P. (1.52%), Principal Financial Group Inc. (0.82%) and Eaton Vance Management (0.31%). Company insiders that own Slack stock include Allen Shim, Andrew Braccia, Brandon Zell, Cal Henderson, Chamath Palihapitiya, David Schellhase, John Ofarrell, Marc L Andreessen, Parallel Fund Iv-A LP Ah, Robert Frati, Stewart Butterfield, Tamar Yehoshua and Thomas C Leonard. View institutional ownership trends for Slack.

WORK stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Occidental Asset Management LLC, AlpInvest Partners B.V., Hamilton Lane Advisors LLC, HarbourVest Partners LLC, SB Investment Advisers UK Ltd., Strategic Wealth Advisors Group LLC, and Regis Management CO LLC. Company insiders that have sold Slack company stock in the last year include Allen Shim, Andrew Braccia, Brandon Zell, Cal Henderson, Chamath Palihapitiya, David Schellhase, John Ofarrell, Marc L Andreessen, Parallel Fund Iv-A LP Ah, Robert Frati, Stewart Butterfield, Tamar Yehoshua, and Thomas C Leonard. View insider buying and selling activity for Slack.

WORK stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Wellington Management Group LLP, Alliancebernstein L.P., Yale University, BlackRock Inc., KAMES CAPITAL plc, Ieq Capital LLC, and Baillie Gifford & Co.. View insider buying and selling activity for Slack.

Shares of WORK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of WORK stock can currently be purchased for approximately $32.56.

Slack has a market capitalization of $18.13 billion and generates $630.42 million in revenue each year. The company earns $-571,060,000.00 in net income (profit) each year or ($1.42) on an earnings per share basis. Slack employs 2,045 workers across the globe.

The official website for Slack is slack.com.

Slack's mailing address is 500 HOWARD STREET, SAN FRANCISCO CA, 94105. The company can be reached via phone at 415-630-7943.