NYSE:WORKSlack Stock Price, Forecast & News

$32.56

-5.38 (-14.18 %)

(As of 06/5/2020 04:00 PM ET)

Add

Compare

Today's Range

$30.52

Now: $32.56▼

$33.60

50-Day Range

$25.32

MA: $30.07▼

$39.90

52-Week Range

$15.10

Now: $32.56▼

$42.00

Volume91.69 million shs

Average Volume17.19 million shs

Market Capitalization$18.13 billion

P/E RatioN/A

Dividend YieldN/A

BetaN/A

Slack Technologies, Inc. operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model. The company was formerly known as Tiny Speck, Inc. and changed its name to Slack Technologies, Inc. in 2014. Slack Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Slack has received a consensus rating of Buy. The company's average rating score is 2.54, and is based on 14 buy ratings, 9 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $33.96, Slack has a potential upside of 4.3% from its current price of $32.56.
Amount of Analyst Coverage
Slack has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Slack has received 121 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Slack has received 111 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Slack has received 52.16% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Slack and other stocks. Vote “Outperform” if you believe WORK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WORK will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Slack does not currently pay a dividend.
Dividend Growth
Slack does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Slack insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $43,212,948.00 in company stock.
Percentage Held by Insiders
Only 26.82% of the stock of Slack is held by insiders.
Percentage Held by Institutions
51.91% of the stock of Slack is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Slack are expected to grow in the coming year, from ($0.61) to ($0.54) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Slack is -20.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Slack is -20.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Slack has a P/B Ratio of 25.05. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.30 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Miscellaneous business services

Sub-IndustryN/A

SectorBusiness Services

Current SymbolNYSE:WORK

Previous Symbol

CUSIPN/A

CIKN/A

Webslack.com

Phone415-630-7943

Debt

Debt-to-Equity RatioN/A

Current Ratio1.87

Quick Ratio1.87

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$630.42 million

Price / Sales28.76

Cash FlowN/A

Price / Cash FlowN/A

Book Value$1.30 per share

Price / Book25.05

Profitability

EPS (Most Recent Fiscal Year)($1.42)

Net Income$-571,060,000.00

Net Margins-90.58%

Return on Equity-138.05%

Return on Assets-45.71%

Miscellaneous

Employees2,045

Outstanding Shares556,810,000

Market Cap$18.13 billion

Next Earnings Date9/2/2020 (Estimated)

OptionableNot Optionable

Receive WORK News and Ratings via Email

Sign-up to receive the latest news and ratings for WORK and its competitors with MarketBeat's FREE daily newsletter.

Slack (NYSE:WORK) Frequently Asked Questions

How has Slack's stock been impacted by COVID-19 (Coronavirus)?

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 37.8% and is now trading at $32.56. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Slack?

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.

When is Slack's next earnings date?

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

How were Slack's earnings last quarter?

Slack (NYSE:WORK) posted its quarterly earnings results on Thursday, June, 4th. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.14) by $0.12. The business had revenue of $201.65 million for the quarter, compared to analyst estimates of $188.12 million. Slack had a negative return on equity of 138.05% and a negative net margin of 90.58%. The business's revenue for the quarter was up 49.6% compared to the same quarter last year. View Slack's earnings history.

What guidance has Slack issued on next quarter's earnings?

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.

What price target have analysts set for WORK?

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

Has Slack been receiving favorable news coverage?

Press coverage about WORK stock has trended somewhat positive on Friday, InfoTrie reports. InfoTrie identifies negative and positive press coverage by monitoring 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 sentiment score of 1.6 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutSlack.

Who are some of Slack's key competitors?

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.

What other stocks do shareholders of Slack own?

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).

When did Slack IPO?

(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.

What is Slack's stock symbol?

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

Who are Slack's major shareholders?

Slack's stock is owned by a number of retail and institutional 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.

Which institutional investors are selling Slack stock?

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.

Which institutional investors are buying Slack stock?

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.

How do I buy shares of 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.

What is Slack's stock price today?

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

How big of a company is Slack?

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.

What is Slack's official website?

The official website for Slack is slack.com.

How can I contact Slack?

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

This page was last updated on 6/5/2020 by MarketBeat.com Staff