Oppenheimer assumed coverage on shares of Slack (NASDAQ:WORK) in a report released on Tuesday morning, The Fly reports. The brokerage issued a market perform rating and a $35.00 target price on the stock. Oppenheimer also issued estimates for Slack’s Q2 2020 earnings at ($0.20) EPS, Q3 2020 earnings at ($0.07) EPS, Q4 2020 earnings at ($0.06) EPS, FY2020 earnings at ($0.43) EPS, Q1 2021 earnings at ($0.07) EPS, Q2 2021 earnings at ($0.07) EPS, Q3 2021 earnings at ($0.07) EPS, Q4 2021 earnings at ($0.05) EPS and FY2021 earnings at ($0.26) EPS.

Other research analysts also recently issued research reports about the company. DA Davidson upped their price objective on Slack to $31.00 and gave the stock an average rating in a report on Tuesday, June 11th. Robert W. Baird initiated coverage on Slack in a report on Tuesday, June 25th. They set an outperform rating and a $44.00 price objective on the stock. Finally, Atlantic Securities initiated coverage on Slack in a report on Wednesday, June 19th. They set an overweight rating and a $37.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $38.00.

NASDAQ:WORK opened at $33.73 on Tuesday. Slack has a 52-week low of $33.37 and a 52-week high of $42.00.

In other Slack news, major shareholder Parallel Fund Iv-A L.P. Ah sold 3,000,000 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $38.66, for a total transaction of $115,980,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert Frati sold 376,238 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $38.30, for a total transaction of $14,409,915.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,900,311 shares of company stock worth $267,016,732.

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Analyst Recommendations for Slack (NASDAQ:WORK)

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