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. Since then, WORK stock has increased by 37.2% and is now trading at $32.41. 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 1 sell rating, 9 hold ratings and 13 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 Thursday, June 4th 2020. View our earnings forecast for Slack.

Slack will be holding an earnings conference call on Thursday, June 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Slack (NYSE:WORK) posted its quarterly earnings results on Thursday, March, 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.06) by $0.02. The business had revenue of $181.90 million for the quarter, compared to the consensus estimate of $174.24 million. Slack had a negative return on equity of 138.05% and a negative net margin of 90.58%. The business's revenue was up 49.1% compared to the same quarter last year. View Slack's earnings history.

Slack updated its FY21 earnings guidance on Thursday, March, 12th. The company provided earnings per share (EPS) guidance of $(0.21)-(0.19) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.22). The company issued revenue guidance of $842-862 million, compared to the consensus revenue estimate of $847.91 million.

23 brokerages have issued 1-year price objectives for Slack's stock. Their forecasts range from $14.00 to $44.00. On average, they anticipate Slack's stock price to reach $29.14 in the next twelve months. This suggests that the stock has a possible downside of 10.1%. View analysts' price targets for Slack.

Headlines about WORK stock have been trending negative this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Slack earned a daily sentiment score of -2.2 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutSlack.

Some companies that are related to Slack include SEA (SE), Johnson Controls International (JCI), BALFOUR BEATTY/S (BAFYY), Flight Centre Travel Group (FGETF), NV5 Global (NVEE), 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 a price of $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 a number of retail and institutional investors. Top institutional shareholders 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 $32.41.

Slack has a market capitalization of $18.05 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.