FY2025 Earnings Estimate for Asana Issued By Scotiabank

Asana, Inc. (NYSE:ASAN) – Equities research analysts at Scotiabank issued their FY2025 earnings estimates for shares of Asana in a research note issued to 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 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.

ASAN has been the subject of several other reports. JMP Securities boosted their target price on Asana from $21.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Friday, December 6th. Royal Bank of Canada restated an “underperform” rating and issued a $10.00 price objective on shares of Asana in a research report on Friday, December 6th. KeyCorp upgraded shares of Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 target price for the company in a research report on Friday, December 6th. Oppenheimer increased their price target on shares of Asana from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Robert W. Baird raised their price objective on shares of Asana from $13.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.27.

Asana Stock Down 0.9 %

ASAN opened at $18.66 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49. Asana has a one year low of $11.05 and a one year high of $27.77. The firm has a market capitalization of $4.27 billion, a P/E ratio of -16.66 and a beta of 1.10. The company has a fifty day moving average price of $18.75 and a 200-day moving average price of $14.93.

Insider Transactions at Asana

In related news, COO Anne Raimondi sold 27,233 shares of Asana stock in a transaction 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 directly owns 733,855 shares of the company’s stock, valued at $15,931,992.05. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 63.97% of the company’s stock.

Institutional Investors Weigh In On Asana

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

About Asana

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.