Asana (ASAN) Stock Forecast, Price & News

15 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, 10 hold ratings and 3 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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15 brokers have issued 1 year price targets for Asana's shares. Their ASAN share price forecasts range from $10.00 to $30.00. On average, they expect the company's share price to reach $21.98 in the next twelve months. This suggests that the stock has a possible downside of 1.0%.
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Asana's stock was trading at $13.77 at the beginning of 2023. Since then, ASAN shares have increased by 61.3% and is now trading at $22.2050.
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Asana saw a increase in short interest in April. As of April 30th, there was short interest totaling 11,150,000 shares, an increase of 5.9% from the April 15th total of 10,530,000 shares. Based on an average daily trading volume, of 2,950,000 shares, the short-interest ratio is currently 3.8 days. Approximately 14.0% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 6th 2023.
View our ASAN earnings forecast.

Asana, Inc. (NYSE:ASAN) issued its earnings results on Thursday, June, 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.09. The business earned $152.41 million during the quarter, compared to analysts' expectations of $150.55 million. Asana had a negative net margin of 74.52% and a negative trailing twelve-month return on equity of 159.46%. The company's revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.52) EPS.

ETFs with the largest weight of Asana (NYSE:ASAN) stock in their portfolio include Direxion Moonshot Innovators ETF (MOON), WisdomTree Cloud Computing Fund (WCLD), SPDR FactSet Innovative Technology ETF (XITK), iShares Virtual Work and Life Multisector ETF (IWFH), First Trust Cloud Computing ETF (SKYY), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU), SPDR S&P Software & Services ETF (XSW) and AAM Transformers ETF (TRFM).

Asana updated its FY24 earnings guidance on Thursday, June, 1st. The company provided earnings per share (EPS) guidance of $(0.55)-$(0.50) for the period, compared to the consensus EPS estimate of ($0.56). The company issued revenue guidance of $640-648 million, compared to the consensus revenue estimate of $643.55 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (3.14%), Champlain Investment Partners LLC (3.06%), State Street Corp (0.96%), Two Sigma Investments LP (0.70%), Renaissance Technologies LLC (0.70%) and Geode Capital Management LLC (0.65%). Insiders that own company stock include Chris Farinacci, Dustin A Moskovitz, Dustin A Moskovitz, Eleanor B Lacey, Eleanor B Lacey, Lorrie M Norrington, Steven M Spurlock, Tim M Wan, Tim M Wan and Zachary Nelson.
View institutional ownership trends.

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 $22.21.

Asana (NYSE:ASAN) has a market capitalization of $4.76 billion and generates $547.21 million in revenue each year. The company earns $-407,770,000.00 in net income (profit) each year or ($2.04) 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.