Asana is workplace collaboration and planning software that is designed to help teams orchestrate their work so they can achieve their goals more efficiently. The company’s software is used by more than 75,000 companies including AT&T, Google and NASA. Asana has 1.2 million paid users and an additional 3.2 million free activated accounts.
Asana operates in a highly competitive industry with many companies competing for a share of the market. The company states the following, “The market for work management solutions is increasingly competitive, fragmented, and subject to rapidly changing technology, shifting user and customer needs, new market entrants, and frequent introductions of new products and services. We compete with companies that range in size from large and diversified with significant spending resources to smaller companies.”
Asana is the modern workflow-management tool that's built for a mobile world. It allows teams to assign tasks, manage approvals, and even make sure assignment forms are filled out before going on to the next person. If you've ever tried to manage a disparate team of workers, you know how valuable a tool like this can be, and Asana makes it easy.
Like many companies going public, Asana isn't yet profitable. It reported a $41.1 million net loss for the second fiscal quarter of 2021 on $52 million of revenue. And management expects a loss of $40 million to $42 million in the fiscal third quarter. But the financial opportunity for Asana is much longer term.
If Asana can engrain itself as a valuable tool, it'll be a staple for businesses around the world. That'll allow the company to charge higher prices as it adds more features, and eventually generate a profit. I like how simple Asana's tools are, and for companies looking to get more efficient, it's a great tool to use. And an easy-to-use product is great to get behind after an IPO.
- Berenberg initiates coverage with buy rating and price target $30
- Credit Suisse initiates coverage with neutral rating and $23 PT
- JP Morgan initiates coverage with neutral rating and Dec-2021 PT of $25
- KeyBanc starts with sector weight rating
- Piper Sandler starts with neutral rating; price target $25
- RBC initiates with outperform rating and $30 price target
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(09/12) - Bron: Reuters
- Shares of work management platform up 10.2% at $31.99 after the bell
- Posts Q3 revenue of $58.9 mln, above Wall Street estimates of $54.1 mln - Refinitiv data
- Also posts narrower-than-expected Q3 adj. loss per share
- Sees Q4 revenue between $62 mln to $63 mln, topping estimates of $58 mln
- Expects full-year revenue to be up 55%; sees full-year revenue above expectations
Mooi dagje voor de boeg
- Berenberg raises price target to $34 from $30
- Credit Suisse raises target price to $27 from $23
- Jefferies raises price target to $35 from $30
- Piper Sandler raises target price to $40 from $33
The Asana Inc. stock price gained 9.27% on the last trading day (Friday, 8th Jan 2021), rising from $28.90 to $31.58. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 8.07% from a day low at $29.25 to a day high of $31.61. The price has been going up and down for this period, and there has been a 5.23% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 591 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $56.74 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 32.23% during the next 3 months and, with a 90% probability hold a price between $34.89 and $44.94 at the end of this 3-month period.
Signals & Forecast
The Asana Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $29.25 and $27.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, November 12, 2020, and so far it has risen 48.19%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD).
Is Asana Inc. stock A Buy?
Asana Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy Candidate to a Strong Buy Candidate candidate.
Jan. 12, 2021
- Asana is gaining rapid market share in an industry where there is a rapid acceleration of digital enterprise spending in response to changing work environments.
- Asana is earlier in their growth cycle, and many institutional investors have yet to initiate coverage on the stock.
- The company has a strong executive team that has a track record of success at Facebook and Google.
- Asana has a stellar product with great customer reviews and fantastic workplace culture.
- Asana had higher efficiency ratios at IPO when compared to closest public competitor Smartsheet.
https://seekingalpha.com/article/439846 ... a-for-2021
SAN FRANCISCO--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN), a leading work management platform for teams, announced today that it will release financial results for the fourth quarter and fiscal year 2021 on Wednesday, March 10 following the close of the U.S. markets.
In conjunction with the announcement, the company will host a conference call on the same day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results.
The live webcast will be available on the Investor Relations section of the Company's website at https://investors.asana.com. The conference call can also be accessed by dialing 1-833-529-0220 or +1-236-389-2147 outside of the U.S. The conference ID is 859-8159.
A replay of the webcast will be available at https://investors.asana.com.