Asana (ASAN) Stock Price, News & Analysis

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Asana in the last year. There are currently 3 sell ratings, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ASAN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ASAN, but not buy additional shares or sell existing shares.
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12 brokerages have issued 1-year price objectives for Asana's shares. Their ASAN share price targets range from $10.00 to $27.00. On average, they expect the company's stock price to reach $19.08 in the next twelve months. This suggests a possible upside of 46.2% from the stock's current price.
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Asana's stock was trading at $19.01 on January 1st, 2024. Since then, ASAN stock has decreased by 31.4% and is now trading at $13.05.
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Asana saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 12,080,000 shares, a decrease of 12.1% from the April 30th total of 13,740,000 shares. Based on an average daily trading volume, of 1,910,000 shares, the days-to-cover ratio is currently 6.3 days. Approximately 14.7% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 3rd 2024.
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Asana, Inc. (NYSE:ASAN) announced its quarterly earnings data on Monday, March, 11th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.34) by $0.06. The firm had revenue of $171.14 million for the quarter, compared to analyst estimates of $167.59 million. Asana had a negative net margin of 38.55% and a negative trailing twelve-month return on equity of 76.83%.

ETFs with the largest weight of Asana (NYSE:ASAN) stock in their portfolio include Direxion Moonshot Innovators ETF (MOON), WisdomTree Cloud Computing Fund (WCLD), AdvisorShares Let Bob AI Powered Momentum ETF (LETB) and iShares Virtual Work and Life Multisector ETF (IWFH).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR).

Asana issued an update on its FY 2025 earnings guidance on Thursday, May, 30th. The company provided earnings per share (EPS) guidance of -0.210--0.190 for the period, compared to the consensus earnings per share estimate of -0.200. The company issued revenue guidance of $719.0 million-$724.0 million, compared to the consensus revenue estimate of $722.1 million.

Asana (ASAN) raised $0 in an initial public offering (IPO) on Wednesday, September 30th 2020. The company issued 30,000,000 shares at $0.00 per share. None served as the underwriter for the IPO.

Asana's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (4.15%), Champlain Investment Partners LLC (1.79%), Simplex Trading LLC (0.00%), Swiss National Bank (0.07%), IMC Chicago LLC (0.00%) and California State Teachers Retirement System (0.04%). Insiders that own company stock include Anne Raimondi, Chris Farinacci, Dustin A Moskovitz, Dustin A Moskovitz, Eleanor B Lacey, Justin Rosenstein, Lorrie M Norrington, Tim M Wan and Zachary Nelson.
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Shares of ASAN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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