Somewhat Favorable News Coverage Somewhat Unlikely to Affect Autodesk (NASDAQ:ADSK) Stock Price
Media headlines about Autodesk (NASDAQ:ADSK) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Autodesk earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the software company an impact score of 46.2631746030331 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- See what the IHS Markit Score report has to say about Autodesk Inc. (finance.yahoo.com)
- Autodesk, Inc. (NASDAQ:ADSK) Expected to Post Earnings of -$0.37 Per Share (americanbankingnews.com)
- Autodesk, Inc. (ADSK) Given a $115.00 Price Target by Evercore ISI Analysts – ExpressNewsline (expressnewsline.com)
- Autodesk Inc (ADSK) Balance Step Levels in Focus – Evergreen Caller (evergreencaller.com)
- Notable ETF Outflow Detected – IGV, INTU, ADSK, SYMC (nasdaq.com)
Autodesk (NASDAQ:ADSK) opened at 107.45 on Thursday. Autodesk has a 12 month low of $58.78 and a 12 month high of $115.25. The firm’s market capitalization is $23.68 billion. The firm’s 50-day moving average is $106.91 and its 200-day moving average is $95.00.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 18th. The software company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. Autodesk had a negative return on equity of 36.65% and a negative net margin of 26.99%. The firm had revenue of $485.70 million for the quarter, compared to the consensus estimate of $470.27 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. On average, equities research analysts expect that Autodesk will post ($0.57) EPS for the current year.
ADSK has been the subject of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Autodesk in a research note on Thursday, July 6th. Zacks Investment Research cut shares of Autodesk from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. William Blair reiterated an “outperform” rating on shares of Autodesk in a research note on Sunday, May 21st. Morgan Stanley upgraded shares of Autodesk from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $69.00 to $115.00 in a research note on Monday, May 1st. Finally, TheStreet cut shares of Autodesk from a “c-” rating to a “d” rating in a research note on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $104.50.
In other Autodesk news, VP Paul D. Underwood sold 6,490 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $111.93, for a total transaction of $726,425.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Steven M. Blum sold 6,638 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $112.71, for a total value of $748,168.98. The disclosure for this sale can be found here. Insiders sold 170,570 shares of company stock worth $17,865,037 in the last 90 days. 6.10% of the stock is currently owned by corporate insiders.
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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