Asana (NYSE:ASAN – Get Rating)‘s stock had its “underperform” rating reissued by Royal Bank of Canada in a note issued to investors on Thursday, Benzinga reports. They presently have a $10.00 price objective on the stock. Royal Bank of Canada’s price target would suggest a potential downside of 47.78% from the company’s previous close.
ASAN has been the topic of a number of other reports. Piper Jaffray Companies boosted their target price on shares of Asana from $13.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday. DA Davidson lifted their price target on shares of Asana from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Asana from $22.00 to $19.00 and set an “underweight” rating for the company in a research note on Monday, November 28th. Oppenheimer dropped their price target on shares of Asana to $25.00 in a research note on Friday, December 2nd. Finally, JMP Securities lifted their price target on shares of Asana from $21.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $21.63.
Asana Trading Down 9.5 %
NYSE ASAN opened at $19.15 on Thursday. The company’s fifty day simple moving average is $15.16 and its 200-day simple moving average is $17.79. Asana has a 52 week low of $11.32 and a 52 week high of $47.28. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.08. The stock has a market cap of $4.07 billion, a P/E ratio of -9.39 and a beta of 1.23.
Hedge Funds Weigh In On Asana
Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. The company's platform enables teams to orchestrate work from daily tasks to cross-functional strategic initiatives; and manages product launches, marketing campaigns, and organization-wide goal settings.
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