Analysts’ Weekly Ratings Updates for Asana (ASAN)

Several analysts have recently updated their ratings and price targets for Asana (NYSE: ASAN):

• 12/6/2024 – Asana had its price target raised by analysts at JPMorgan Chase & Co. from $13.00 to $15.00. They now have an “underweight” rating on the stock.
• 12/6/2024 – Asana had its “underperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $10.00 price target on the stock.
• 12/6/2024 – Asana was upgraded by analysts at KeyCorp from an “underweight” rating to a “sector weight” rating. They now have a $10.00 price target on the stock.
• 12/6/2024 – Asana had its price target raised by analysts at Scotiabank from $15.00 to $18.00. They now have a “sector perform” rating on the stock.
• 12/6/2024 – Asana had its price target raised by analysts at Oppenheimer Holdings Inc. from $20.00 to $22.00. They now have an “outperform” rating on the stock.
• 12/6/2024 – Asana had its price target raised by analysts at DA Davidson from $13.00 to $20.00. They now have a “neutral” rating on the stock.
• 12/6/2024 – Asana had its price target raised by analysts at Piper Sandler from $12.00 to $19.00. They now have a “neutral” rating on the stock.
• 12/6/2024 – Asana had its price target raised by analysts at Robert W. Baird from $13.00 to $19.00. They now have a “neutral” rating on the stock.
• 12/6/2024 – Asana had its price target raised by analysts at JMP Securities from $21.00 to $25.00. They now have a “market outperform” rating on the stock.
• 12/6/2024 – Asana had its price target raised by analysts at Jefferies Financial Group Inc. from $13.00 to $16.00. They now have a “hold” rating on the stock.
• 12/6/2024 – Asana had its price target raised by analysts at Morgan Stanley from $14.00 to $18.00. They now have an “equal weight” rating on the stock.
• 11/18/2024 – Asana is now covered by analysts at Scotiabank. They set a “sector perform” rating and a $15.00 price target on the stock.

Asana Price Performance

ASAN traded up $0.51 on Wednesday, hitting $21.98. 2,446,942 shares of the company’s stock traded hands, compared to its average volume of 2,315,343. The company’s 50 day simple moving average is $16.29 and its 200-day simple moving average is $14.12. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. Asana, Inc. has a one year low of $11.05 and a one year high of $27.77. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of -19.62 and a beta of 1.22.

Institutional Investors Weigh In On Asana

Large investors have recently bought and sold shares of the business. Headlands Technologies LLC lifted its stake 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 purchasing an additional 2,220 shares during the last quarter. KBC Group NV increased its position in shares of Asana by 52.1% during the 3rd quarter. KBC Group NV now owns 3,534 shares of the company’s stock valued at $41,000 after purchasing an additional 1,211 shares during the last quarter. Quest Partners LLC purchased a new stake in Asana during the 3rd quarter valued at $43,000. Redwood Wealth Management Group LLC bought a new stake in Asana in the second quarter worth $65,000. Finally, Daiwa Securities Group Inc. boosted its stake in Asana by 26.0% during the second 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. Institutional investors own 26.21% of the company’s stock.

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.