Asana, Inc. (NYSE:ASAN – Get Free Report) has received a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $9.2727.
A number of equities analysts have recently commented on the stock. Morgan Stanley reduced their price objective on shares of Asana from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Friday, May 29th. Citizens Jmp reissued a “market outperform” rating and issued a $15.00 target price on shares of Asana in a research note on Tuesday. DA Davidson reissued a “neutral” rating and issued a $8.00 price target on shares of Asana in a research report on Friday, May 29th. KeyCorp decreased their price objective on Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Finally, Citigroup reissued a “market outperform” rating on shares of Asana in a report on Friday, May 29th.
Read Our Latest Analysis on Asana
Insider Buying and Selling
Hedge Funds Weigh In On Asana
Several institutional investors have recently bought and sold shares of ASAN. FNY Investment Advisers LLC acquired a new position in Asana in the third quarter worth $27,000. Optiver Holding B.V. lifted its position in Asana by 2,008.8% during the 1st quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock worth $34,000 after buying an additional 5,002 shares in the last quarter. Performa Ltd US LLC grew its holdings in Asana by 335.1% during the 1st quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock worth $40,000 after acquiring an additional 4,775 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Asana in the 4th quarter valued at about $50,000. Finally, Summit Securities Group LLC acquired a new stake in Asana in the 1st quarter valued at about $53,000. Institutional investors own 26.21% of the company’s stock.
Asana Trading Down 5.1%
Shares of NYSE:ASAN opened at $7.11 on Thursday. The firm has a market capitalization of $1.64 billion, a PE ratio of -10.30 and a beta of 0.97. Asana has a 1-year low of $5.38 and a 1-year high of $15.71. The business’s 50 day moving average is $7.00 and its 200-day moving average is $8.17.
Asana (NYSE:ASAN – Get Free Report) last issued its earnings results on Thursday, May 28th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The firm had revenue of $205.09 million during the quarter, compared to analysts’ expectations of $203.58 million. During the same period last year, the business earned $0.05 earnings per share. Asana’s quarterly revenue was up 9.5% compared to the same quarter last year. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. On average, sell-side analysts predict that Asana will post -0.4 EPS for the current year.
Key Headlines Impacting Asana
Here are the key news stories impacting Asana this week:
- Positive Sentiment: Norges Bank Investment Management said it will take a 49% stake in the new U.S. retail partnership with Asana Partners and commit $500 million, giving the platform fresh capital to pursue acquisitions and expand its neighborhood retail portfolio. Reuters article
- Positive Sentiment: Multiple reports echoed the deal, describing a broader acquisition spree and strategic venture launch, which can be read as validation of Asana Partners’ ability to attract major institutional backing and scale its assets under management. Bisnow article
- Neutral Sentiment: Separately, Citigroup/JMP reiterated a “Market Outperform” rating with a $15 price target, reinforcing a constructive view on the stock, though this is not a new catalyst. Benzinga reference
About Asana
Asana, Inc (NYSE: ASAN) is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana’s platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company’s cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.
Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.
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