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Asana (ASAN) Stock Price, News & Analysis

$15.50
+0.11 (+0.71%)
(As of 03:52 PM ET)
Today's Range
$15.34
$15.81
50-Day Range
$15.29
$20.08
52-Week Range
$15.17
$26.27
Volume
1.05 million shs
Average Volume
2.07 million shs
Market Capitalization
$3.48 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.67

Asana MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.91 Rating Score
Upside/​Downside
34.0% Upside
$20.67 Price Target
Short Interest
Bearish
14.94% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.07mentions of Asana in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$419,859 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.

1.27 out of 5 stars

Computer And Technology Sector

486th out of 587 stocks

Prepackaged Software Industry

178th out of 198 stocks

ASAN stock logo

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; and manages product launches, marketing campaigns, and organization-wide goal settings. 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

ASAN Stock News Headlines

2 Earnings Dumpers Worth a Second Look
Every earnings season comes with its winners and losers. In most cases, an actual earnings beat doesn't matter as much as the forward guidance.
2 Earnings Dumpers Worth a Second Look (ASAN)
Here are two companies worth a second look despite giving weak guidance in their earnings reports that caused each stock's shares to topple.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Asana, Inc. (NYSE:ASAN) CFO Sells $155,414.90 in Stock
Asana, Inc. (NYSE:ASAN) COO Sells $181,161.02 in Stock
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Asana (NYSE:ASAN) Coverage Initiated at KeyCorp
The Analyst Verdict: Asana In The Eyes Of 11 Experts
Asana Remains A Solid Long-Term Investment
Asana Full Year 2024 Earnings: EPS Beats Expectations
JMP Securities Keeps Their Buy Rating on Asana (ASAN)
See More Headlines
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Company Calendar

Last Earnings
12/05/2023
Today
3/28/2024
Next Earnings (Estimated)
6/06/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
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
+33.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.91
Research Coverage
11 Analysts

Profitability

Net Income
$-257,030,000.00
Pretax Margin
-38.82%

Debt

Sales & Book Value

Annual Sales
$652.50 million
Book Value
$1.45 per share

Miscellaneous

Free Float
82,594,000
Market Cap
$3.48 billion
Optionable
Optionable
Beta
1.27
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ASAN Stock Analysis - Frequently Asked Questions

Should I buy or sell Asana stock right now?

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.
View ASAN analyst ratings
or view top-rated stocks.

What is Asana's stock price target for 2024?

11 brokers 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 year. This suggests a possible upside of 34.0% 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 at the start of the year. Since then, ASAN stock has decreased by 18.9% and is now trading at $15.42.
View the best growth stocks for 2024 here
.

Are investors shorting Asana?

Asana saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 11,860,000 shares, an increase of 11.9% from the February 29th total of 10,600,000 shares. Based on an average daily volume of 2,060,000 shares, the short-interest ratio is currently 5.8 days. Approximately 14.9% of the company's stock 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 earnings results on Tuesday, December, 5th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.07. The company had revenue of $166.50 million for the quarter, compared to analyst estimates of $164.09 million. Asana had a negative net margin of 39.39% and a negative trailing twelve-month return on equity of 75.22%. The business's quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.49) EPS.

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

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.

When did Asana IPO?

Asana (ASAN) raised $0 in an IPO on Wednesday, September 30th 2020. The company issued 30,000,000 shares at a price of $0.00 per share. None acted 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 shareholders include Voya Investment Management LLC (4.80%), Vanguard Group Inc. (3.97%), Vanguard Group Inc. (3.97%), Goldman Sachs Group Inc. (0.80%), Goldman Sachs Group Inc. (0.80%) and Voloridge Investment Management LLC (0.62%). 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 3/28/2024 by MarketBeat.com Staff

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