Asana (ASAN) Stock Price, News & Analysis

Company Overview

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. The company serves customers in various industries, such as technology, retail, education, non-profit, government, healthcare, hospitality, media, manufacturing, professional services, and financial services. The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. Asana, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.

Key Stats

• Today's Range: $11.94 to $12.31
• 50-Day Range: $11.18 to $14.52
• 52-Week Range: $11.05 to $23.44
• Volume: 1.08 million shs
• Average Volume: 2.00 million shs
• Market Capitalization: $2.73 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $14.21
• Consensus Rating: Hold

Asana Stock Analysis - MarketRank™

Asana scored higher than 35% of companies evaluated by MarketBeat, and ranked 538th out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Asana has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 3 buy ratings, 8 hold ratings, and 3 sell ratings.

Amount of Analyst Coverage

Asana has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Asana are expected to grow in the coming year, from ($1.14) to ($0.99) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Asana is -10.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Asana is -10.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Asana has a P/B Ratio of 8.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.38% of the float of Asana has been sold short.

Short Interest Ratio / Days to Cover

Asana has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in Asana has recently increased by 2.89%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Asana does not currently pay a dividend.

Dividend Growth

Asana does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.38% of the float of Asana has been sold short.

Short Interest Ratio / Days to Cover

Asana has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in Asana has recently increased by 2.89%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: -0.13

News Sentiment

Asana has a news sentiment score of -0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Asana this week, compared to 11 articles on an average week.

Search Interest

6 people have searched for ASAN on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Asana to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Asana insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $527,668.00 in company stock.

Percentage Held by Insiders

63.97% of the stock of Asana is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 26.21% of the stock of Asana is held by institutions.

ASAN Stock Analysis - Frequently Asked Questions

How have ASAN shares performed this year?

Asana's stock was trading at $19.01 at the start of the year. Since then, ASAN stock has decreased by 37.1% and is now trading at $11.95.
View the best growth stocks for 2024 here.

How were Asana's earnings last quarter?

Asana, Inc. (NYSE:ASAN) posted its earnings results on Tuesday, September, 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company's revenue for the quarter was up 10.3% compared to the same quarter last year.

Is Asana buying back stock?

Asana's Board of Directors approved a stock repurchase plan on Thursday, June 20th 2024, which authorizes the company to repurchase $150,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 5.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.

When did Asana IPO?

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

Who are Asana's major shareholders?

Top institutional investors of Asana include Stanley Laman Group Ltd. (0.11%), Olympiad Research LP (0.03%), Catalyst Private Wealth LLC (0.02%) and SG Americas Securities LLC (0.02%). Insiders that own company stock include Dustin A Moskovitz, Justin Rosenstein, Tim M Wan, Anne Raimondi, Eleanor B Lacey and Lorrie M Norrington.
View institutional ownership trends.

How do I buy shares of Asana?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Asana own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Asana investors own include NVIDIA (NVDA), Block (SQ), CrowdStrike (CRWD), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA) and Palantir Technologies (PLTR).

Company Calendar

• Last Earnings: 9/03/2024
• Today: 10/31/2024
• Next Earnings (Estimated): 12/03/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NYSE:ASAN
• CUSIP: N/A
• CIK: 1477720
• Web: www.asana.com
• Phone: 415-525-3888
• Fax: N/A
• Employees: 1,840
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $14.21
• High Stock Price Target: $21.00
• Low Stock Price Target: $10.00
• Potential Upside/Downside: +15.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.15)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-257,030,000.00
• Net Margins: -37.73%
• Pretax Margin: -37.19%
• Return on Equity: -81.88%
• Return on Assets: -27.14%

Debt

• Debt-to-Equity Ratio: 0.14
• Current Ratio: 1.63
• Quick Ratio: 1.63

Sales & Book Value

• Annual Sales: $689.30 million
• Price / Sales: 4.08
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.45 per share
• Price / Book: 8.50

Miscellaneous

• Outstanding Shares: 228,164,000
• Free Float: 82,207,000
• Market Cap: $2.81 billion
• Optionable: Optionable
• Beta: 1.14