Shares of Asana, Inc. (NYSE:ASAN – Get Free Report) have received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat.com 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 1-year price target among brokerages that have issued a report on the stock in the last year is $17.67.
Several equities analysts have recently commented on ASAN shares. UBS Group cut their price target on Asana from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, May 24th. KeyCorp lowered their price target on shares of Asana from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, May 31st. Citigroup cut their price objective on shares of Asana from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, June 26th. Piper Sandler lowered their target price on Asana from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $27.00 price target on shares of Asana in a report on Monday, July 15th.
View Our Latest Research Report on Asana
Insider Transactions at Asana
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. acquired a new position in shares of Asana in the 2nd quarter valued at about $17,100,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Asana during the 2nd quarter valued at approximately $3,050,000. Scientech Research LLC acquired a new position in shares of Asana in the 2nd quarter valued at $146,000. The Manufacturers Life Insurance Company grew its position in Asana by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 49,096 shares of the company’s stock valued at $687,000 after buying an additional 1,888 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Asana by 25.6% in the second quarter. AQR Capital Management LLC now owns 32,503 shares of the company’s stock worth $444,000 after acquiring an additional 6,634 shares during the period. Hedge funds and other institutional investors own 26.21% of the company’s stock.
Asana Price Performance
Asana stock opened at $14.06 on Monday. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of -12.02 and a beta of 1.16. The firm has a 50-day moving average of $13.67 and a two-hundred day moving average of $14.80. Asana has a 1 year low of $11.29 and a 1 year high of $23.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.71 and a quick ratio of 1.71.
Asana (NYSE:ASAN – Get Free Report) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.02. The company had revenue of $172.45 million for the quarter, compared to analysts’ expectations of $168.53 million. Asana had a negative return on equity of 77.48% and a negative net margin of 38.55%. On average, research analysts forecast that Asana will post -1.05 earnings per share for the current year.
Asana Company Profile
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.
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