Shares of Asana, Inc. (NYSE:ASAN – Get Rating) have been given an average rating of “Hold” by the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.75.
ASAN has been the subject of several research analyst reports. Oppenheimer reduced their target price on Asana to $25.00 in a research note on Friday, December 2nd. Morgan Stanley reduced their price target on Asana from $26.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, December 2nd. Jefferies Financial Group reduced their price target on Asana from $18.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, January 6th. JMP Securities reduced their price target on Asana from $28.00 to $21.00 and set a “market outperform” rating for the company in a research note on Monday. Finally, Robert W. Baird downgraded Asana from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $32.00 to $15.00 in a research note on Friday, December 2nd.
Institutional Trading of Asana
A number of institutional investors have recently modified their holdings of the stock. Himension Capital Singapore PTE. LTD. raised its holdings in shares of Asana by 152.1% during the 2nd quarter. Himension Capital Singapore PTE. LTD. now owns 4,231,366 shares of the company’s stock worth $74,387,000 after buying an additional 2,552,901 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Asana by 46.7% during the 3rd quarter. Two Sigma Investments LP now owns 1,498,281 shares of the company’s stock worth $33,307,000 after buying an additional 477,239 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Asana by 1,624.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 506,183 shares of the company’s stock worth $20,232,000 after buying an additional 476,835 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Asana by 66.0% during the 2nd quarter. Millennium Management LLC now owns 1,127,630 shares of the company’s stock worth $19,824,000 after buying an additional 448,379 shares in the last quarter. Finally, Bloom Tree Partners LLC acquired a new position in shares of Asana during the 2nd quarter worth $7,026,000. 28.22% of the stock is currently owned by institutional investors.
Asana Stock Performance
Asana (NYSE:ASAN – Get Rating) last issued its earnings results on Thursday, December 1st. The company reported ($0.49) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.04. Asana had a negative return on equity of 190.24% and a negative net margin of 79.14%. The company had revenue of $141.44 million during the quarter, compared to the consensus estimate of $138.97 million. As a group, equities research analysts predict that Asana will post -2.06 EPS 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. The company's platform enables teams to orchestrate work from daily tasks to cross-functional strategic initiatives; and manages product launches, marketing campaigns, and organization-wide goal settings.
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