Asana - ASAN Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Asana in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research 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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14 analysts have issued 12 month price objectives for Asana's shares. Their ASAN share price forecasts range from $15.00 to $65.00. On average, they predict the company's stock price to reach $32.84 in the next year. This suggests a possible upside of 47.7% from the stock's current price.
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Asana's stock was trading at $74.55 on January 1st, 2022. Since then, ASAN shares have decreased by 70.2% and is now trading at $22.23.
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Asana saw a increase in short interest in September. As of September 15th, there was short interest totaling 18,630,000 shares, an increase of 23.5% from the August 31st total of 15,090,000 shares. Based on an average trading volume of 3,870,000 shares, the short-interest ratio is presently 4.8 days. Currently, 34.0% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 1st 2022.
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Asana, Inc. (NYSE:ASAN) announced its quarterly earnings data on Wednesday, September, 7th. The company reported ($0.34) earnings per share for the quarter, topping analysts' consensus estimates of ($0.39) by $0.05. The company had revenue of $134.90 million for the quarter, compared to analyst estimates of $127.27 million. Asana had a negative net margin of 79.34% and a negative trailing twelve-month return on equity of 212.28%. The firm's revenue was up 50.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.36) earnings per share.

Asana updated its third quarter 2023 earnings guidance on Thursday, September, 29th. The company provided earnings per share guidance of -$0.33--$0.32 for the period, compared to the consensus estimate of -$0.32. The company issued revenue guidance of $138.50 million-$139.50 million, compared to the consensus revenue estimate of $137.64 million.

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

Asana trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASAN."

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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One share of ASAN stock can currently be purchased for approximately $22.23.

Asana (NYSE:ASAN) has a market capitalization of $4.26 billion and generates $378.44 million in revenue each year. The company earns $-288,340,000.00 in net income (profit) each year or ($1.96) on an earnings per share basis.

The company employs 1,666 workers across the globe.

Asana's mailing address is 1550 BRYANT STREET SUITE 800, SAN FRANCISCO CA, 94103. The official website for the company is www.asana.com. The company can be reached via phone at 415-525-3888 or via email at ir@asana.com.