Asana, Inc. (NYSE:ASAN) Given Average Recommendation of "Hold" by Analysts

Key Points

• Asana, Inc. (NYSE:ASAN) has received an average recommendation of "Hold" from brokerages, with four firms rating it as a sell and only one as a strong buy.
• The company reported a loss of ($0.20) EPS for its latest quarter, missing estimates but achieving a revenue increase of 9.9% year-over-year.
• Insider buying activity includes Director Dustin A. Moskovitz acquiring 122,470 shares at an average cost of $13.52 per share, indicating confidence in the company's future.

Asana, Inc. (NYSE:ASAN - Get Free Report) has received an average recommendation of "Hold" from the sixteen research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $16.10.

Several research firms have recently issued reports on ASAN. Jefferies Financial Group upped their target price on Asana from $15.00 to $17.00 and gave the company a "hold" rating in a report on Wednesday, June 4th. Scotiabank lifted their price target on shares of Asana from $12.00 to $16.50 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price target on shares of Asana from $13.00 to $14.00 and gave the stock an "underweight" rating in a report on Wednesday, June 4th. Piper Sandler reissued an "overweight" rating and set a $19.00 target price on shares of Asana in a report on Thursday, September 4th. Finally, Bank of America lowered their target price on shares of Asana from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, June 4th.

Asana Stock Performance

Shares of ASAN stock traded up $0.10 during trading on Friday, hitting $13.74. The company's stock had a trading volume of 3,113,862 shares, compared to its average volume of 4,369,454. The company has a market cap of $3.25 billion, a PE ratio of -15.44 and a beta of 1.14. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $14.16 and a 200-day moving average of $15.01. Asana has a 52 week low of $11.08 and a 52 week high of $27.77.

Asana (NYSE:ASAN - Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.25). The business had revenue of $196.94 million during the quarter, compared to the consensus estimate of $193.01 million. Asana had a negative net margin of 27.50% and a negative return on equity of 83.88%. The business's revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) earnings per share. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. As a group, research analysts anticipate that Asana will post -1.09 earnings per share for the current year.

Insider Transactions at Asana

In other Asana news, Director Dustin A. Moskovitz bought 122,470 shares of the stock in a transaction on Thursday, August 21st. The shares were acquired at an average price of $13.52 per share, with a total value of $1,655,794.40. Following the acquisition, the director directly owned 57,898,436 shares of the company's stock, valued at $782,786,854.72. The trade was a 0.21% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have acquired 5,375,000 shares of company stock worth $75,920,894 and have sold 3,033,130 shares worth $45,552,218. 61.28% of the stock is owned by insiders.

Institutional Investors Weigh In On Asana

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC bought a new stake in Asana during the 2nd quarter valued at $27,000. Banque Cantonale Vaudoise purchased a new position in shares of Asana during the 1st quarter valued at $28,000. AlphaQuest LLC grew its position in shares of Asana by 825.1% during the 1st quarter. AlphaQuest LLC now owns 2,470 shares of the company's stock valued at $36,000 after purchasing an additional 2,203 shares in the last quarter. Quarry LP grew its position in shares of Asana by 104.8% during the 1st quarter. Quarry LP now owns 2,906 shares of the company's stock valued at $42,000 after purchasing an additional 1,487 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Asana by 64.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company's stock valued at $59,000 after purchasing an additional 1,706 shares in the last quarter. Institutional investors own 26.21% of the company's stock.

Asana Company Profile

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.