Media headlines about Autodesk (NASDAQ:ADSK) have been trending somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Autodesk earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media coverage about the software company an impact score of 45.8418646423175 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
Autodesk (ADSK) opened at 123.58 on Friday. The company’s market capitalization is $27.09 billion. Autodesk has a 12 month low of $67.15 and a 12 month high of $123.97. The stock’s 50 day moving average price is $115.57 and its 200-day moving average price is $107.06.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. The business had revenue of $501.80 million during the quarter, compared to analyst estimates of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. Autodesk’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 EPS. On average, equities research analysts predict that Autodesk will post ($0.54) EPS for the current fiscal year.
ADSK has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Autodesk in a research note on Thursday, July 6th. Zacks Investment Research lowered Autodesk from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Evercore ISI set a $135.00 price objective on Autodesk and gave the company a “buy” rating in a research note on Wednesday, October 18th. Canaccord Genuity reaffirmed a “buy” rating and issued a $125.00 price objective (up from $120.00) on shares of Autodesk in a research note on Friday, August 25th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Autodesk in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $118.26.
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In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total transaction of $169,230.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 580 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $110.91, for a total value of $64,327.80. The disclosure for this sale can be found here. Insiders have sold a total of 60,212 shares of company stock valued at $6,742,238 in the last ninety days. 6.10% of the stock is currently owned by corporate insiders.
Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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