Analysts Set Asana, Inc. (NYSE:ASAN) PT at $9.27

Shares of Asana, Inc. (NYSE:ASAN) have earned a consensus rating of “Hold” from the twelve research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $9.2727.

A number of research analysts recently commented on the company. Citizens Jmp reissued a “market outperform” rating and issued a $15.00 price target on shares of Asana in a report on Friday, May 29th. KeyCorp reduced their price objective on shares of Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Weiss Ratings reissued a “sell (e+)” rating on shares of Asana in a report on Friday, May 8th. Robert W. Baird dropped their target price on shares of Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Finally, UBS Group reaffirmed a “neutral” rating and set a $8.00 target price on shares of Asana in a research note on Friday, May 29th.

Insider Activity at Asana

In other Asana news, CFO Sonalee Elizabeth Parekh sold 18,717 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $6.62, for a total transaction of $123,906.54. Following the completion of the transaction, the chief financial officer owned 915,281 shares of the company’s stock, valued at $6,059,160.22. This represents a 2.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 61.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Asana

A number of hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in Asana during the 3rd quarter valued at approximately $27,000. Jones Financial Companies Lllp raised its holdings in shares of Asana by 137.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock worth $34,000 after acquiring an additional 1,427 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Asana during the 4th quarter worth approximately $50,000. Daiwa Securities Group Inc. boosted its position in shares of Asana by 64.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock valued at $59,000 after acquiring an additional 1,706 shares during the last quarter. Finally, Optiver Holding B.V. grew its holdings in shares of Asana by 2,008.8% in the first quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock valued at $34,000 after purchasing an additional 5,002 shares in the last quarter. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

Asana Stock Performance

Shares of ASAN stock opened at $6.91 on Friday. Asana has a 52-week low of $5.38 and a 52-week high of $15.71. The firm has a market capitalization of $1.59 billion, a PE ratio of -10.01 and a beta of 1.02. The stock has a fifty day simple moving average of $6.72 and a two-hundred day simple moving average of $8.88.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.10 EPS for the quarter, beating 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 business had revenue of $205.10 million for the quarter, compared to the consensus estimate of $203.58 million. During the same period in the previous year, the business earned $0.05 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. 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 forecast that Asana will post -0.4 EPS for the current fiscal year.

Asana Company Profile

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.