Autodesk (ADSK) Receiving Somewhat Favorable Press Coverage, Accern Reports
News articles about Autodesk (NASDAQ:ADSK) have been trending somewhat positive on Monday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Autodesk earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the software company an impact score of 46.6952862721371 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Autodesk (ADSK) Lifted to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Top-notch Stocks to Watch: Overstock.com, Inc. (OSTK), Autodesk, Inc. (ADSK) – Market Movers (financialqz.com)
- Glowing Stock’s Review – Autodesk Inc (NASDAQ: ADSK) – Stocks Pen (stockspen.com)
- Worth Watching Stocks: Xunlei Limited (NASDAQ:XNET), Autodesk … – The Oracle Examiner (oracleexaminer.com)
- Morning Technical Insight on These Technical & System Software Stocks — Autodesk, Infosys, USA Technologies, and Vmware (forimmediaterelease.net)
ADSK has been the subject of several recent research reports. Evercore ISI set a $135.00 price target on Autodesk and gave the company a “buy” rating in a report on Wednesday, October 18th. BidaskClub raised Autodesk from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Autodesk in a research note on Wednesday, November 15th. Oppenheimer initiated coverage on Autodesk in a research note on Friday, December 29th. They issued an “outperform” rating and a $135.00 price objective for the company. Finally, Zacks Investment Research lowered Autodesk from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $132.68.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The company had revenue of $515.30 million during the quarter, compared to analyst estimates of $513.63 million. During the same period in the prior year, the company earned ($0.18) earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. sell-side analysts predict that Autodesk will post -1.36 earnings per share for the current year.
In related news, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $106.29, for a total transaction of $159,435.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Scott Herren sold 5,738 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $128.14, for a total value of $735,267.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,248 shares of company stock valued at $2,148,546. 6.10% of the stock is 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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