Equities Analysts Issue Forecasts for Asana FY2025 Earnings

Asana, Inc. (NYSE:ASAN) – Equities researchers at Scotiabank issued their FY2025 earnings per share estimates for Asana in a report released on Wednesday, January 8th. Scotiabank analyst A. Verkhovski anticipates that the company will earn ($1.09) per share for the year. Scotiabank has a “Sector Perform” rating and a $18.00 price objective 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.

Several other analysts have also weighed in on ASAN. DA Davidson lifted their price objective on Asana from $13.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on shares of Asana from $13.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, December 6th. Royal Bank of Canada reissued an “underperform” rating and issued a $10.00 price target on shares of Asana in a report on Friday, December 6th. JMP Securities raised their price objective on shares of Asana from $21.00 to $25.00 and gave the stock a “market outperform” rating in a report on Friday, December 6th. Finally, Morgan Stanley upped their target price on shares of Asana from $14.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.27.

Asana Trading Down 1.9 %

Shares of Asana stock opened at $18.86 on Monday. The company has a market cap of $4.31 billion, a price-to-earnings ratio of -16.84 and a beta of 1.10. Asana has a 1 year low of $11.05 and a 1 year high of $27.77. The company’s fifty day simple moving average is $18.64 and its 200-day simple moving average is $14.90. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On Asana

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its position in Asana by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 115,958 shares of the company’s stock valued at $1,622,000 after buying an additional 2,464 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Asana by 3.6% during the 2nd quarter. Arizona State Retirement System now owns 23,401 shares of the company’s stock worth $327,000 after acquiring an additional 803 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Asana by 26.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,983 shares of the company’s stock valued at $70,000 after purchasing an additional 1,028 shares during the last quarter. Headlands Technologies LLC lifted its position in shares of Asana by 327.9% in the second quarter. Headlands Technologies LLC now owns 2,897 shares of the company’s stock worth $41,000 after purchasing an additional 2,220 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. boosted its holdings in Asana by 18.0% during the second quarter. Retirement Planning Co of New England Inc. now owns 12,491 shares of the company’s stock worth $175,000 after purchasing an additional 1,906 shares during the last quarter. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Asana

In other Asana news, COO Anne Raimondi sold 27,233 shares of Asana stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.71, for a total transaction of $591,228.43. Following the transaction, the chief operating officer now directly owns 733,855 shares in the company, valued at approximately $15,931,992.05. The trade was a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 63.97% of the company’s stock.

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.