Media stories about Autodesk (NASDAQ:ADSK) have been trending positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Autodesk earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned media headlines about the software company an impact score of 45.5445892122391 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
Autodesk (NASDAQ ADSK) traded up $0.89 during trading on Monday, reaching $107.95. 3,985,858 shares of the company traded hands, compared to its average volume of 2,126,403. Autodesk has a 1-year low of $70.15 and a 1-year high of $131.10. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.22 and a current ratio of 1.07.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The business had revenue of $515.30 million for the quarter, compared to analysts’ expectations of $513.63 million. During the same period in the previous year, the company earned ($0.18) earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. research analysts anticipate that Autodesk will post -1.36 earnings per share for the current year.
A number of equities research analysts have commented on ADSK shares. Evercore ISI set a $135.00 price target on shares of Autodesk and gave the stock a “buy” rating in a report on Wednesday, October 18th. Canaccord Genuity reiterated a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Autodesk in a report on Friday, August 25th. KeyCorp reiterated a “buy” rating and set a $128.00 price objective on shares of Autodesk in a report on Friday, October 6th. Royal Bank Of Canada reiterated a “buy” rating on shares of Autodesk in a report on Wednesday, November 15th. Finally, Robert W. Baird set a $125.00 price objective on shares of Autodesk and gave the company a “buy” rating in a report on Sunday, October 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $130.10.
In other Autodesk news, CFO Richard Scott Herren sold 5,738 shares of Autodesk stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $128.14, for a total value of $735,267.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $112.82, for a total transaction of $169,230.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,523 shares of company stock worth $7,218,659. 6.10% of the stock is owned by corporate insiders.
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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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