Asana (ASAN) Stock Price, News & Analysis

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Asana in the last twelve months. There are currently 4 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ASAN shares.
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11 Wall Street research analysts have issued 1-year target prices for Asana's shares. Their ASAN share price targets range from $10.00 to $30.00. On average, they anticipate the company's share price to reach $20.67 in the next twelve months. This suggests a possible upside of 32.0% from the stock's current price.
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Asana's stock was trading at $19.01 at the beginning of the year. Since then, ASAN stock has decreased by 17.6% and is now trading at $15.66.
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Asana saw a increase in short interest in April. As of April 30th, there was short interest totaling 13,740,000 shares, an increase of 17.1% from the April 15th total of 11,730,000 shares. Based on an average daily volume of 2,010,000 shares, the short-interest ratio is presently 6.8 days. Approximately 16.7% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 30th 2024.
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Asana will be holding an earnings conference call on Thursday, May 30th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Asana, Inc. (NYSE:ASAN) posted its quarterly earnings results 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 company had revenue of $171.14 million for the quarter, compared to analysts' expectations of $167.59 million. Asana had a negative trailing twelve-month return on equity of 75.22% and a negative net margin of 39.39%.

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 updated its FY 2025 earnings guidance on Tuesday, March, 12th. The company provided EPS guidance of -0.220--0.190 for the period, compared to the consensus estimate of -0.220. The company issued revenue guidance of $716.0 million-$722.0 million, compared to the consensus revenue estimate of $724.8 million.

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

Asana's stock is owned by many different institutional and retail 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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