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 analysts have issued 1 year price targets for Asana's shares. Their ASAN share price targets range from $10.00 to $30.00. On average, they expect the company's stock price to reach $20.86 in the next twelve months. This suggests a possible upside of 7.3% from the stock's current price.
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Asana's stock was trading at $13.77 on January 1st, 2023. Since then, ASAN stock has increased by 41.2% and is now trading at $19.44.
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Asana saw a decline in short interest in 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 daily trading volume, of 2,610,000 shares, the short-interest ratio is presently 3.5 days. Approximately 12.1% 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 Wednesday, March 13th 2024.
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Asana, Inc. (NYSE:ASAN) posted its quarterly earnings results on Tuesday, December, 5th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.07. The business earned $166.50 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.49) earnings per share.

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 updated 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 EPS 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 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's stock is owned by a variety of institutional and retail investors. Top institutional investors 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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