Asana (ASAN) PT Lowered to $88 at Berenberg

Asana (ASAN) Shares Crash 25% as Ambitions Investment Plans Weigh on Results and Forecast, JPMorgan Downgrades to Underweight

Shares of Asana (NYSE: ASAN) are down nearly 25% in premarket trading Thursday after the company reported Q4 financial results and updated guidance.

Asana reported Q4 loss per share of 48c, compared to the loss per share of 39c in the year-ago period. The company posted revenue of $111.9 million in the quarter, up 64% YoY and above the analyst consensus of $105.3 million. Adjusted basic loss per share was reported at 25c.

For Q1 2023, Asana expects adjusted loss per share in the range of... More

Asana (ASAN) PT Lowered to $55 at Piper Sandler

Piper Sandler analyst Brent Bracelin lowered the price target on Asana (NYSE: ASAN) to $55.00 (from $100.00) while maintaining a Overweight rating.... More

Asana (ASAN) PT Lowered to $38 at RBC Capital

RBC Capital analyst Rishi Jaluria lowered the price target on Asana (NYSE: ASAN) to $38.00 (from $60.00) while maintaining a Sector Perform rating.... More

Asana (ASAN) PT Lowered to $61 at KeyBanc

KeyBanc analyst Steve Enders lowered the price target on Asana (NYSE: ASAN) to $61.00 (from $97.00) while maintaining a Overweight rating.... More

Asana (ASAN) PT Lowered to $50 at Wolfe Research

Wolfe Research analyst Alex Zukin lowered the price target on Asana (NYSE: ASAN) to $50.00 (from $57.00) while maintaining a Outperform rating.... More

Asana (ASAN) PT Lowered to $63 at JMP Securities

JMP Securities analyst Patrick Walravens lowered the price target on Asana (NYSE: ASAN) to $63.00 (from $95.00) while maintaining a Market Outperform rating.... More

UPDATE: JPMorgan Downgrades Asana (ASAN) to Underweight

(Updated - March 10, 2022 4:28 AM EST)

JPMorgan analyst Mark Murphy downgraded Asana (NYSE: ASAN) from Neutral to Underweight with a price target of $32.00 (from $66.00).

The analyst comments "Asana is a leader in collaborative work management applications, elevating individuals, teams, and entire... More

After-Hours Stock Movers 03/09: (MQ) (CRWD) (AMZN) Higher; (ASAN) (FOSL) Lower (more...)

After-Hours Stock Movers:

Marqeta, Inc. (NASDAQ: MQ) 18.7% HIGHER; reported Q4 EPS of ($0.07), in-line with the analyst estimate of ($0.07). Revenue for the quarter came in at $155.41 million versus the consensus estimate of $137.78 million.

Asana, Inc. (NYSE: ASAN) 17% LOWER; reported Q4 EPS of ($0.25), $0.03 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $111.9 million versus the... More

Asana (ASAN) Shares Slammed 18% as Guidance Disappoints

Asana, Inc. (NYSE: ASAN) shares plunged more than 18% after-hours as the company sees a larger-than-expected loss in the current quarter.

For the fourth quarter of 2022, EPS of ($0.25) came in better than the consensus estimate of ($0.28). Revenue grew 64% year-over-year to $111.9 million, compared to the consensus... More

Asana, Inc. (ASAN) Tops Q4 EPS by 3c; Provides Mixed Outlook

Asana, Inc. (NYSE: ASAN) reported Q4 EPS of ($0.25), $0.03 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $111.9 million versus the consensus estimate of $105.16 million.

GUIDANCE:

Asana, Inc. sees Q1 2023 EPS of ($0.36)-($0.35), versus the consensus of... More