NYSE:WORKSlack Stock Price, Forecast & News

Slack's stock was trading at $23.62 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WORK stock has increased by 36.0% and is now trading at $32.12. View which stocks have been most impacted by Coronavirus.

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Slack in the last year. There are currently 2 sell ratings, 8 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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) announced its earnings results on Thursday, June, 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.12. The business earned $201.65 million during the quarter, compared to analyst estimates of $188.12 million. Slack had a negative return on equity of 79.21% and a negative net margin of 87.91%. The firm's revenue for the quarter 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 EPS estimate of ($0.06). The company issued revenue guidance of $206-209 million, compared to the consensus revenue estimate of $199.86 million.

23 brokerages have issued 12 month target prices for Slack's shares. Their forecasts range from $20.00 to $45.00. On average, they expect Slack's share price to reach $33.57 in the next year. This suggests a possible upside of 4.5% from the stock's current price. View analysts' price targets for Slack.

Media coverage about WORK stock has trended positive this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Slack earned a daily sentiment score of 2.1 on InfoTrie's scale. They also gave news articles about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news about Slack.

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 IPO on Thursday, June 20th 2019. The company issued 118,400,000 shares at $38.25-$42.00 per share. DPO (Direct Public Offering) acted 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 many different retail and institutional investors. Top institutional investors include Arlington Financial Advisors LLC (0.01%), MERIAN GLOBAL INVESTORS UK Ltd (0.01%), Vista Wealth Management Group LLC (0.01%), DNB Asset Management AS (0.01%), Envestnet Asset Management Inc. (0.01%) and Polianta Ltd (0.01%). 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 Global Retirement Partners LLC. Company insiders that have sold Slack company stock in the last year include Allen Shim, Andrew Braccia, Brandon Zell, Cal Henderson, David Schellhase, John Ofarrell, Marc L Andreessen, Robert Frati, Stewart Butterfield, Tamar Yehoshua, and Thomas C Leonard. View insider buying and selling activity for Slack.

WORK stock was acquired by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, DNB Asset Management AS, Polianta Ltd, IFM Investors Pty Ltd, Arlington Financial Advisors LLC, Paragon Advisors LLC, Kiley Juergens Wealth Management LLC, and Cooper Financial Group. 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 $32.12.

Slack has a market capitalization of $17.88 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.