What is Scotiabank’s Estimate for Asana FY2025 Earnings?

Asana, Inc. (NYSE:ASAN) – Equities researchers at Scotiabank issued their FY2025 earnings per share estimates for Asana in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst A. Verkhovski forecasts that the company will earn ($1.09) per share for the year. Scotiabank has a “Sector Perform” rating and a $18.00 price target on the stock. The consensus estimate for Asana’s current full-year earnings is ($1.09) per share. Scotiabank also issued estimates for Asana’s FY2026 earnings at ($0.88) EPS.

A number of other research firms also recently commented on ASAN. Royal Bank of Canada reissued an “underperform” rating and set a $10.00 target price on shares of Asana in a research report on Friday, December 6th. Morgan Stanley lifted their price target on Asana from $14.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Jefferies Financial Group raised their price objective on shares of Asana from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Oppenheimer lifted their price target on shares of Asana from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, KeyCorp raised Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price target on the stock in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.27.

Asana Trading Down 2.1 %

ASAN stock opened at $19.23 on Monday. Asana has a twelve month low of $11.05 and a twelve month high of $27.77. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of -17.17 and a beta of 1.10. The firm’s fifty day simple moving average is $18.51 and its two-hundred day simple moving average is $14.86.

Institutional Trading of Asana

A number of institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC lifted its holdings in shares of Asana by 327.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,897 shares of the company’s stock valued at $41,000 after buying an additional 2,220 shares during the period. KBC Group NV raised its position in Asana by 52.1% during the third quarter. KBC Group NV now owns 3,534 shares of the company’s stock valued at $41,000 after acquiring an additional 1,211 shares in the last quarter. Quest Partners LLC acquired a new position in Asana in the third quarter valued at approximately $43,000. Redwood Wealth Management Group LLC purchased a new stake in Asana in the 2nd quarter worth approximately $65,000. Finally, Daiwa Securities Group Inc. boosted its position in Asana by 26.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,983 shares of the company’s stock worth $70,000 after purchasing an additional 1,028 shares in the last quarter. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Anne Raimondi sold 27,233 shares of Asana stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.71, for a total value of $591,228.43. Following the transaction, the chief operating officer now owns 733,855 shares of the company’s stock, valued at $15,931,992.05. The trade was a 3.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 63.97% of the stock is currently owned by company insiders.

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.