News stories about Autodesk (NASDAQ:ADSK) have trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Autodesk earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the software company an impact score of 46.4184232429944 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Noble Studios Wins Top SEO Award from BrightEdge (prweb.com)
- Should You Buy Autodesk Inc (NASDAQ:ADSK) Now? (finance.yahoo.com)
- National Student Winners Selected in the ASME Foundation and NASA’s “Two for the Crew” Space Design Challenge (prweb.com)
- EMA Provides No Cost Access to Ultra Librarian–the World’s Largest Library of Verified EDA Symbols, Footprints, and 3D Models (prweb.com)
- $557.06 Million in Sales Expected for Autodesk, Inc. (ADSK) This Quarter (americanbankingnews.com)
Several equities analysts have issued reports on ADSK shares. Deutsche Bank set a $140.00 price target on Autodesk and gave the company a “buy” rating in a research note on Wednesday, November 29th. Canaccord Genuity reissued a “buy” rating and issued a $140.00 price target (up from $125.00) on shares of Autodesk in a research note on Thursday, November 16th. Guggenheim boosted their price target on Autodesk from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. Oppenheimer started coverage on Autodesk in a research note on Friday, December 29th. They issued an “outperform” rating and a $135.00 price target on the stock. Finally, BidaskClub raised Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $139.76.
Shares of Autodesk (NASDAQ ADSK) traded down $0.97 during trading hours on Friday, hitting $135.75. The stock had a trading volume of 2,360,151 shares, compared to its average volume of 2,482,937. The company has a debt-to-equity ratio of -6.20, a current ratio of 0.88 and a quick ratio of 1.07. Autodesk has a one year low of $82.70 and a one year high of $141.26. The firm has a market capitalization of $29,998.14, a price-to-earnings ratio of -52.41 and a beta of 1.82.
Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, March 6th. The software company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Autodesk had a negative return on equity of 206.64% and a negative net margin of 27.57%. The company had revenue of $554.00 million for the quarter, compared to analyst estimates of $544.74 million. During the same period in the prior year, the firm earned ($0.28) earnings per share. Autodesk’s revenue for the quarter was up 15.7% on a year-over-year basis. research analysts anticipate that Autodesk will post -0.03 EPS for the current year.
In other news, Director Lorrie M. Norrington sold 6,005 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $104.40, for a total transaction of $626,922.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Paul D. Underwood sold 2,089 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $139.21, for a total value of $290,809.69. The disclosure for this sale can be found here. Insiders have sold 15,599 shares of company stock worth $1,744,319 over the last ninety days. 6.10% of the stock is owned by 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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