Asana (ASAN) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Asana in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 2 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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13 equities research analysts have issued twelve-month price objectives for Asana's stock. Their ASAN share price forecasts range from $10.00 to $30.00. On average, they expect the company's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 28.4% from the stock's current price.
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Asana's stock was trading at $13.77 at the start of the year. Since then, ASAN stock has increased by 24.4% and is now trading at $17.13.
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Asana saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 9,420,000 shares, an increase of 5.5% from the August 15th total of 8,930,000 shares. Based on an average trading volume of 2,460,000 shares, the days-to-cover ratio is presently 3.8 days. Approximately 11.9% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our ASAN earnings forecast.

Asana, Inc. (NYSE:ASAN) posted its quarterly earnings data on Tuesday, September, 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.07. The business earned $162.46 million during the quarter, compared to analysts' expectations of $157.91 million. Asana had a negative trailing twelve-month return on equity of 87.79% and a negative net margin of 54.21%. The firm's revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.59) 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 third quarter 2024 earnings guidance on Tuesday, September, 5th. The company provided EPS guidance of -$0.11--$0.10 for the period, compared to the consensus EPS estimate of -$0.15. The company issued revenue guidance of $163.50 million-$164.50 million, compared to the consensus revenue estimate of $162.84 million.

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

Asana's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Champlain Investment Partners LLC (2.97%), State Street Corp (1.02%), Geode Capital Management LLC (0.70%), Renaissance Technologies LLC (0.66%), Goldman Sachs Group Inc. (0.65%) and Point72 Asset Management L.P. (0.50%). 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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One share of ASAN stock can currently be purchased for approximately $17.13.

Asana (NYSE:ASAN) has a market capitalization of $3.76 billion and generates $547.21 million in revenue each year. The company earns $-407,770,000.00 in net income (profit) each year or ($1.54) on an earnings per share basis.

The company employs 1,782 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.