Scotiabank Estimates Asana's FY2025 Earnings (NYSE:ASAN)

Asana, Inc. (NYSE:ASAN - Free Report) - Stock analysts at Scotiabank issued their FY2025 earnings per share (EPS) estimates for shares of 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 analysts have also recently commented on ASAN. Piper Sandler raised Asana from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $19.00 to $27.00 in a research report on Monday, January 6th. Jefferies Financial Group boosted their price objective on shares of Asana from $16.00 to $19.00 and gave the company a "hold" rating in a report on Monday, January 6th. DA Davidson boosted their price target on Asana from $13.00 to $20.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Morgan Stanley lifted their price target on shares of Asana from $14.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Finally, Oppenheimer raised their price objective on Asana from $20.00 to $22.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.27.

Asana Trading Down 2.1 %

Shares of ASAN opened at $19.23 on Monday. Asana has a 1-year low of $11.05 and a 1-year high of $27.77. The firm 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 50-day moving average price is $18.51 and its 200-day moving average price is $14.86. 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 Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ASAN. Geode Capital Management LLC grew its position in Asana by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,863,703 shares of the company's stock valued at $21,605,000 after buying an additional 12,055 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Asana during the 2nd quarter worth approximately $17,100,000. JPMorgan Chase & Co. increased its position in Asana by 105.6% during the third quarter. JPMorgan Chase & Co. now owns 832,598 shares of the company's stock worth $9,650,000 after buying an additional 427,576 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Asana during the 2nd quarter worth about $5,169,000. Finally, Holocene Advisors LP raised its position in shares of Asana by 62.2% in the third quarter. Holocene Advisors LP now owns 305,167 shares of the company's stock valued at $3,537,000 after buying an additional 116,998 shares during the last quarter. Hedge funds and other institutional investors own 26.21% of the company's stock.

Insiders Place Their Bets

In other news, COO Anne Raimondi sold 27,233 shares of the firm's 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 sale, the chief operating officer now owns 733,855 shares of the company's stock, valued at approximately $15,931,992.05. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 63.97% of the stock is owned by 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.