NYSE:WORKSlack Stock Price, Forecast & News

Slack's stock was trading at $23.62 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WORK shares have increased by 44.0% and is now trading at $34.02. 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) issued its quarterly earnings data on Thursday, June, 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.14) by $0.12. The company had revenue of $201.65 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. View Slack's earnings history.

Slack issued an update on its second quarter earnings guidance on Thursday, June, 4th. The company provided earnings per share (EPS) 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.

23 Wall Street analysts have issued 12 month target prices for Slack's stock. Their forecasts range from $20.00 to $45.00. On average, they anticipate Slack's stock price to reach $33.64 in the next twelve months. This suggests that the stock has a possible downside of 1.1%. View analysts' price targets for Slack.

Media stories about WORK stock have trended negative this week, according to InfoTrie. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Slack earned a news impact score of -2.3 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company'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 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) 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 institutional and retail investors. Top institutional investors include DNB Asset Management AS (0.01%), Envestnet Asset Management Inc. (0.01%), Polianta Ltd (0.01%), Paragon Advisors LLC (0.00%), Watchman Group Inc. (0.00%) and KG&L Capital Management LLC (0.00%). 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 bought by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Polianta Ltd, Paragon Advisors LLC, Envestnet Asset Management Inc., Watchman Group Inc., KG&L Capital Management LLC, and Livforsakringsbolaget Skandia Omsesidigt. 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 $34.02.

Slack has a market capitalization of $18.94 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.