Asana (NYSE:ASAN) Issues FY 2025 Earnings Guidance

Asana (NYSE:ASAN) updated its FY 2025 earnings guidance, projecting EPS between -0.200 and -0.190, aligning with the consensus estimate of -0.200. Revenue guidance is set between .0 million and .0 million, compared to a consensus of .9 million. Despite a quarterly revenue increase of 10.3%, the company faces a negative margin of 38.55% and a negative return on equity of 77.48%. Recent stock performance shows a 6.4% decline, with analysts issuing mixed ratings and various price target reductions.

Asana (NYSE:ASAN - Get Free Report) updated its FY 2025 earnings guidance on Saturday. The company provided EPS guidance of -0.200--0.190 for the period, compared to the consensus EPS estimate of -0.200. The company issued revenue guidance of $719.0 million-$721.0 million, compared to the consensus revenue estimate of $722.9 million.

Asana Stock Down 6.4 %

E-Commerce Wars: Asana and Monday.com Battle for the Top Spot

NYSE:ASAN opened at $11.78 on Friday. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -10.07 and a beta of 1.16. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.13. Asana has a twelve month low of $11.29 and a twelve month high of $23.44. The stock's 50 day moving average price is $13.64 and its two-hundred day moving average price is $14.65.

Asana (NYSE:ASAN - Get Free Report) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $179.21 million for the quarter, compared to analyst estimates of $177.68 million. Asana had a negative net margin of 38.55% and a negative return on equity of 77.48%. The company's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.31) earnings per share. Equities research analysts expect that Asana will post -1.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

2 Earnings Dumpers Worth a Second Look

Several analysts have issued reports on the company. Robert W. Baird dropped their price objective on Asana from $20.00 to $13.00 and set a neutral rating on the stock in a research note on Wednesday. Citigroup decreased their price target on shares of Asana from $15.00 to $13.00 and set a neutral rating on the stock in a research note on Wednesday. Piper Sandler cut their price objective on shares of Asana from $14.00 to $12.00 and set a neutral rating for the company in a research report on Wednesday. Jefferies Financial Group lowered their target price on Asana from $17.00 to $16.00 and set a hold rating on the stock in a research note on Friday, May 31st. Finally, DA Davidson restated a neutral rating and issued a $11.00 price target (down from $14.00) on shares of Asana in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Asana currently has a consensus rating of Hold and a consensus price target of $14.67.

Get Our Latest Stock Report on Asana

Insiders Place Their Bets

Asana sold the rip. Is it time to buy the dip?

In related news, CFO Tim M. Wan sold 28,856 shares of Asana stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $11.44, for a total transaction of $330,112.64. Following the sale, the chief financial officer now directly owns 1,050,284 shares of the company's stock, valued at approximately $12,015,248.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Eleanor B. Lacey sold 9,000 shares of Asana stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $11.44, for a total value of $102,960.00. Following the completion of the sale, the insider now owns 389,149 shares in the company, valued at approximately $4,451,864.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tim M. Wan sold 28,856 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $11.44, for a total transaction of $330,112.64. Following the transaction, the chief financial officer now directly owns 1,050,284 shares in the company, valued at $12,015,248.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,443 shares of company stock valued at $1,026,976. 63.97% of the stock is currently owned by corporate insiders.

Asana Company Profile

(Get Free Report)

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.

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