Asana Stock Price, News & Analysis (NYSE:ASAN)

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Asana in the last twelve months. There are currently 3 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" ASAN shares.
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13 Wall Street analysts have issued 12-month price objectives for Asana's stock. Their ASAN share price targets range from $10.00 to $30.00. On average, they predict the company's share price to reach $21.00 in the next year. This suggests that the stock has a possible downside of 9.9%.
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Asana's stock was trading at $13.77 at the beginning of 2023. Since then, ASAN stock has increased by 69.3% and is now trading at $23.31.
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Asana saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 9,090,000 shares, a decline of 11.1% from the October 31st total of 10,220,000 shares. Based on an average trading volume of 2,610,000 shares, the short-interest ratio is currently 3.5 days. Currently, 12.1% of the shares of the stock are short sold.
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Asana, Inc. (NYSE:ASAN) released its quarterly earnings data on Tuesday, December, 5th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.07. The firm earned $166.50 million during the quarter, compared to analyst estimates of $164.09 million. Asana had a negative net margin of 54.21% and a negative trailing twelve-month return on equity of 87.79%. The company's quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.49) EPS.

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

Asana issued an update on its fourth quarter earnings guidance on Tuesday, December, 5th. The company provided EPS guidance of $(0.10)-(0.09) for the period, compared to the consensus estimate of ($0.16). The company issued revenue guidance of $167-168 million, compared to the consensus revenue estimate of $166.85 million.

(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.

Asana's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (0.97%), Bank of New York Mellon Corp (0.37%), Northern Trust Corp (0.34%), Charles Schwab Investment Management Inc. (0.30%), Walleye Trading LLC (0.00%) and Stanley Laman Group Ltd. (0.16%). Insiders that own company stock include Anne Raimondi, Chris Farinacci, Dustin A Moskovitz, Dustin A Moskovitz, Eleanor B Lacey, Eleanor B Lacey, Justin Rosenstein, Lorrie M Norrington, Steven M Spurlock, Tim M Wan, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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