Asana, Inc. (NYSE:ASAN) Receives Average Recommendation of "Hold" from Brokerages

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 earned a consensus rating of "Hold" from the sixteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $16.10.

A number of equities analysts have commented on the stock. KeyCorp reiterated a "sector weight" rating on shares of Asana in a report on Wednesday, June 4th. Bank of America cut their price objective on shares of Asana from $23.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price objective on shares of Asana from $13.00 to $14.00 and gave the stock an "underweight" rating in a research note on Wednesday, June 4th. UBS Group raised their target price on shares of Asana from $14.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $19.00 price target on shares of Asana in a report on Thursday, September 4th.

Asana Stock Up 4.0%

Shares of NYSE ASAN opened at $13.81 on Friday. Asana has a 12-month low of $11.08 and a 12-month high of $27.77. The stock's fifty day simple moving average is $14.23 and its two-hundred day simple moving average is $15.17. The stock has a market capitalization of $3.25 billion, a PE ratio of -15.52 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.

Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.25). The company had revenue of $196.94 million during the quarter, compared to the consensus estimate of $193.01 million. Asana had a negative return on equity of 83.88% and a negative net margin of 27.50%.The company's revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($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, analysts expect that Asana will post -1.09 EPS for the current fiscal year.

Insider Buying and Selling at Asana

In other Asana news, Director Dustin A. Moskovitz bought 122,470 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average cost of $13.52 per share, for a total transaction of $1,655,794.40. Following the purchase, the director directly owned 57,898,436 shares in the company, valued at $782,786,854.72. This represents a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders acquired 5,375,000 shares of company stock valued at $75,920,894 and sold 3,033,130 shares valued at $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 added to or reduced their stakes in the business. 180 Wealth Advisors LLC boosted its holdings in Asana by 7.2% in the second quarter. 180 Wealth Advisors LLC now owns 10,769 shares of the company's stock worth $145,000 after acquiring an additional 722 shares in the last quarter. Vise Technologies Inc. increased its holdings in shares of Asana by 6.5% during the fourth quarter. Vise Technologies Inc. now owns 15,809 shares of the company's stock valued at $320,000 after acquiring an additional 959 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Asana by 3.1% in the 1st quarter. SG Americas Securities LLC now owns 32,460 shares of the company's stock valued at $473,000 after purchasing an additional 974 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Asana by 13.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,533 shares of the company's stock valued at $129,000 after purchasing an additional 1,115 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Asana by 6.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company's stock worth $262,000 after purchasing an additional 1,200 shares in the last quarter. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

About Asana

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.