Asana (ASAN) Stock Price, News & Analysis

$14.97
+0.25 (+1.70%)
(As of 04/24/2024 ET)
Today's Range
$14.67
$15.06
50-Day Range
$13.55
$20.08
52-Week Range
$13.34
$26.27
Volume
1.95 million shs
Average Volume
1.55 million shs
Market Capitalization
$3.37 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
38.1% Upside
$20.67 Price Target
Short Interest
Healthy
14.08% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.37mentions of Asana in the last 14 days
Based on 11 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.

1.88 out of 5 stars

Computer And Technology Sector

429th out of 585 stocks

Prepackaged Software Industry

150th out of 197 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; 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

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.
top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
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.
Asana: Don't Buy This Dip (Rating Downgrade)
top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
6 reasons to use Microsoft Loop
Asana (NYSE:ASAN) Hits New 52-Week Low at $13.43
See More Headlines
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Company Calendar

Last Earnings
3/11/2024
Today
4/25/2024
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
+38.1%
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
$3.37 billion
Optionable
Optionable
Beta
1.22
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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 brokerages have issued 12 month target prices for Asana's stock. Their ASAN share price targets range from $10.00 to $30.00. On average, they expect the company's stock price to reach $20.67 in the next year. This suggests a possible upside of 38.1% 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 21.3% and is now trading at $14.97.
View the best growth stocks for 2024 here
.

Are investors shorting Asana?

Asana saw a drop in short interest during the month of 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 trading volume of 1,990,000 shares, the short-interest ratio is currently 5.6 days. Currently, 14.1% of the shares of the stock are sold short.
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) released its earnings results on Monday, March, 11th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.06. The firm had revenue of $171.14 million for the quarter, compared to the consensus estimate 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 guidance has Asana issued on next quarter's earnings?

Asana updated its FY 2025 earnings guidance on Tuesday, March, 12th. The company provided earnings per share (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 $0.00 per share. None served as the underwriter for the IPO.

Who are Asana's major shareholders?

Asana's stock is owned by many different retail and institutional 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%), Strategic Planning Group LLC (0.01%) and Newbridge Financial Services Group Inc. (0.00%). 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 4/25/2024 by MarketBeat.com Staff

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