Should I buy or sell Asana stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Asana in the last year. There are currently 4 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" ASAN shares. View ASAN analyst ratings or view top-rated stocks .

What is Asana's stock price target for 2024?

11 analysts have issued twelve-month target prices 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 year. This suggests a possible upside of 48.4% from the stock's current price. View analysts price targets for ASAN or view top-rated stocks among Wall Street analysts .

How have ASAN shares performed in 2024?

Asana's stock was trading at $19.01 on January 1st, 2024. Since then, ASAN shares have decreased by 26.7% and is now trading at $13.93. View the best growth stocks for 2024 here .

Are investors shorting Asana?

Asana saw a decrease in short interest in March. As of March 31st, there was short interest totaling 11,180,000 shares, a decrease of 5.7% from the March 15th total of 11,860,000 shares. Based on an average daily volume of 1,990,000 shares, the days-to-cover ratio is currently 5.6 days. Approximately 14.1% of the company's shares are short sold. View Asana's Short Interest .

When is Asana's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024. View our ASAN earnings forecast .

How were Asana's earnings last quarter?

Asana, Inc. (NYSE:ASAN) posted its quarterly earnings data 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 business 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%.

What ETFs hold Asana's stock?

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) .

What guidance has Asana issued on next quarter's earnings?

Asana updated 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 EPS 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 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.

Who are Asana's major shareholders?

Asana's stock is owned by a variety of institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Catalyst Private Wealth LLC (0.03%), Sunbelt Securities Inc. (0.02%), Diversified Trust Co (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. View institutional ownership trends .

How do I buy shares of Asana?

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. Compare Top Brokerages Here .

NYSE:ASAN

Asana (ASAN) Stock Price, News & Analysis

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$13.79

+0.07 (+0.51%)

(As of 01:52 PM ET)

Compare

Today's Range: $13.56
▼
$14.06
50-Day Range: $13.55
▼
$20.08
52-Week Range: $13.43
▼
$26.27

Volume: 685,820 shs
Average Volume: 1.97 million shs
Market Capitalization: $3.10 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $20.67

Get Asana alerts:

Asana MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.91 Rating Score
Upside/Downside: 48.4% Upside
$20.67 Price Target
Short Interest: Healthy
14.08% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.43
Based on 18 Articles This Week
Insider Trading: Selling Shares
$488,886 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.08) to ($0.96) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.99 out of 5 stars

Computer And Technology Sector

423rd out of 584 stocks

Prepackaged Software Industry

148th out of 193 stocks

3.0

Analyst's Opinion

Consensus Rating
Asana has received a consensus rating of Reduce. The company's average rating score is 1.91, and is based on 3 buy ratings, 4 hold ratings, and 4 sell ratings.
Amount of Analyst Coverage
Asana has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
14.08% of the float of Asana has been sold short.
Short Interest Ratio / Days to Cover
Asana has a short interest ratio ("days to cover") of 5.6.
Change versus previous month
Short interest in Asana has recently decreased by 5.73%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Asana does not currently pay a dividend.
Dividend Growth
Asana does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ASAN.

2.5

News and Social Media Coverage

News Sentiment
Asana has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 18 news articles for Asana this week, compared to 10 articles on an average week.
Search Interest
Only 17 people have searched for ASAN on MarketBeat in the last 30 days. This is a decrease of -53% compared to the previous 30 days.
MarketBeat Follows
8 people have added Asana to their MarketBeat watchlist in the last 30 days. This is an increase of 14% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Asana insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $488,886.00 in company stock.
Percentage Held by Insiders
63.26% of the stock of Asana is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 26.21% of the stock of Asana is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Asana are expected to grow in the coming year, from ($1.08) to ($0.96) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Asana is -11.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Asana is -11.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Asana has a P/B Ratio of 9.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Asana Stock (NYSE:ASAN)

Asana, Inc., together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights. The company serves customers in various industries, such as technology, retail, education, non-profit, government, healthcare, hospitality, media, manufacturing, professional services, and financial services. The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. Asana, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.

ASAN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ASAN Stock News Headlines

April 4, 2024 | insidertrades.com

Asana, Inc. (NYSE:ASAN) Insider Sells $69,027.14 in Stock

March 25, 2024 | marketbeat.com

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March 23, 2024 | insidertrades.com

Insider Selling: Asana, Inc. (NYSE:ASAN) Insider Sells 5,387 Shares of Stock

April 18, 2024 | americanbankingnews.com

Asana (NYSE:ASAN) Hits New 52-Week Low at $13.43

April 16, 2024 | msn.com

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April 15, 2024 | finance.yahoo.com

Q4 Earnings Highs And Lows: Asana (NYSE:ASAN) Vs The Rest Of The Project Management Software Stocks

April 15, 2024 | forbes.com

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April 14, 2024 | msn.com

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April 12, 2024 | msn.com

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April 12, 2024 | americanbankingnews.com

Asana (NYSE:ASAN) Hits New 52-Week Low at $14.54

April 12, 2024 | msn.com

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April 11, 2024 | msn.com

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April 10, 2024 | msn.com

Adobe releases Frame.io version 4 beta to take on Trello, Monday, and Asana

April 10, 2024 | finance.yahoo.com

Asana, Inc.'s (NYSE:ASAN) Intrinsic Value Is Potentially 59% Above Its Share Price

April 7, 2024 | msn.com

Yoga For Kidney: 6 Best Yoga Asanas To Manage Kidney Health

April 7, 2024 | axios.com

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Company Calendar

Last Earnings: 3/11/2024
Today: 4/18/2024
Next Earnings (Estimated): 6/06/2024
Fiscal Year End: 1/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NYSE:ASAN
CUSIP: N/A
CIK: 1477720
Web: www.asana.com
Phone: 415-525-3888
Fax: N/A
Employees: 1,840
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $20.67
High Stock Price Target: $30.00
Low Stock Price Target: $10.00
Potential Upside/Downside: +50.7%
Consensus Rating: Reduce
Rating Score (0-4): 1.91
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.17)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-257,030,000.00
Net Margins: -39.39%
Pretax Margin: -38.82%
Return on Equity: -75.22%
Return on Assets: -26.20%

Debt

Debt-to-Equity Ratio: 0.13
Current Ratio: 1.80
Quick Ratio: 1.80

Sales & Book Value

Annual Sales: $652.50 million
Price / Sales: 4.72
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.45 per share
Price / Book: 9.46

Miscellaneous

Outstanding Shares: 224,808,000
Free Float: 82,594,000
Market Cap: $3.08 billion
Optionable: Optionable
Beta: 1.22

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Key Executives

Mr. Dustin A. Moskovitz (Age 39)
Co-Founder, President, CEO & Chair
Comp: $1
Mr. Justin Rosenstein (Age 40)
Co-Founder, Advisor & Director
Comp: $30k
Mr. Tim M. Wan (Age 53)
Head of Finance
Comp: $706.67k
Ms. Anne Raimondi (Age 52)
COO & Head of Business
Comp: $745.83k
Ms. Eleanor B. Lacey Esq. (Age 56)
General Counsel, Head of Legal & Corporate Secretary
Comp: $522.5k
Ms. Krista Anderson-Copperman (Age 46)
Advisor & Director
Comp: $23.47k
Ms. Catherine Buan
Head of Investor Relations
Ms. Shannon Sullivan Duffy
Head of Marketing
Ms. Anna Binder (Age 50)
Head of People Operations
Mr. Prashant Pandey (Age 46)
Head of Engineering

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ASAN Stock Analysis - Frequently Asked Questions

Should I buy or sell Asana stock right now?: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Asana in the last year. There are currently 4 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" ASAN shares.
View ASAN analyst ratings or view top-rated stocks.
What is Asana's stock price target for 2024?: 11 analysts have issued twelve-month target prices 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 year. This suggests a possible upside of 48.4% from the stock's current price.
View analysts price targets for ASAN or view top-rated stocks among Wall Street analysts.
How have ASAN shares performed in 2024?: Asana's stock was trading at $19.01 on January 1st, 2024. Since then, ASAN shares have decreased by 26.7% and is now trading at $13.93.
View the best growth stocks for 2024 here.
Are investors shorting Asana?: Asana saw a decrease in short interest in March. As of March 31st, there was short interest totaling 11,180,000 shares, a decrease of 5.7% from the March 15th total of 11,860,000 shares. Based on an average daily volume of 1,990,000 shares, the days-to-cover ratio is currently 5.6 days. Approximately 14.1% of the company's shares are short sold.
View Asana's Short Interest.
When is Asana's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
View our ASAN earnings forecast.
How were Asana's earnings last quarter?: Asana, Inc. (NYSE:ASAN) posted its quarterly earnings data 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 business 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%.

What ETFs hold Asana's stock?: 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).
What guidance has Asana issued on next quarter's earnings?: Asana updated 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 EPS 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.
When did Asana IPO?: Asana (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.
Who are Asana's major shareholders?: Asana's stock is owned by a variety of institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Catalyst Private Wealth LLC (0.03%), Sunbelt Securities Inc. (0.02%), Diversified Trust Co (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.
View institutional ownership trends.
How do I buy shares of Asana?: 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.
Compare Top Brokerages Here.

This page (NYSE:ASAN) was last updated on 4/18/2024 by MarketBeat.com Staff

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Asana (ASAN) Stock Price, News & Analysis

Asana MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Asana Stock (NYSE:ASAN)

ASAN Stock Price History

ASAN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

ASAN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™