Asana (ASAN) Stock Price, News & Analysis

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Asana in the last twelve months. There are currently 4 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" ASAN shares.
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11 Wall Street 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 share price to reach $20.67 in the next twelve months. This suggests a possible upside of 50.7% from the stock's current price.
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Asana's stock was trading at $19.01 on January 1st, 2024. Since then, ASAN stock has decreased by 27.9% and is now trading at $13.71.
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Asana saw a drop in short interest in March. As of March 31st, there was short interest totaling 11,180,000 shares, a drop of 5.7% from the March 15th total of 11,860,000 shares. Based on an average daily trading volume, of 1,990,000 shares, the days-to-cover ratio is currently 5.6 days. Approximately 14.1% 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 Thursday, June 6th 2024.
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Asana, Inc. (NYSE:ASAN) released its quarterly earnings results on Monday, March, 11th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.34) by $0.06. The firm earned $171.14 million during the quarter, compared to analyst estimates of $167.59 million. Asana had a negative trailing twelve-month return on equity of 75.22% and a negative net margin of 39.39%.

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

Asana issued an update on its FY 2025 earnings guidance on Tuesday, March, 12th. The company provided EPS guidance of -0.220--0.190 for the period, compared to the consensus earnings per share estimate of -0.220. The company issued revenue guidance of $716.0 million-$722.0 million, compared to the consensus revenue estimate of $724.8 million.

Asana (ASAN) raised $0 in an initial public offering (IPO) 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 many different institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Catalyst Private Wealth LLC (0.03%), Sunbelt Securities Inc. (0.02%) and Strategic Planning Group LLC (0.01%). Insiders that own company stock include Anne Raimondi, Chris Farinacci, Dustin A Moskovitz, Dustin A Moskovitz, Eleanor B Lacey, Justin Rosenstein, Lorrie M Norrington, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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