Somewhat Positive Press Coverage Somewhat Unlikely to Affect Autodesk (ADSK) Share Price

Press coverage about Autodesk (NASDAQ:ADSK) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 0.14 on Accern’s scale. Accern also assigned news headlines about the software company an impact score of 46.1190903224414 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s rankings:

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Shares of ADSK stock traded down $2.24 during trading hours on Friday, hitting $130.09. The company had a trading volume of 1,660,591 shares, compared to its average volume of 2,180,721. The company has a debt-to-equity ratio of -6.20, a quick ratio of 0.88 and a current ratio of 0.88. Autodesk has a fifty-two week low of $88.10 and a fifty-two week high of $141.26. The firm has a market cap of $28,891.33, a P/E ratio of -81.31 and a beta of 1.71.



Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, March 6th. The software company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. Autodesk had a negative net margin of 27.57% and a negative return on equity of 206.64%. The firm 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 business posted ($0.28) EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. research analysts predict that Autodesk will post -0.03 EPS for the current fiscal year.

ADSK has been the topic of several recent analyst reports. Oppenheimer initiated coverage on shares of Autodesk in a report on Friday, December 29th. They issued an “outperform” rating and a $135.00 target price on the stock. BidaskClub upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 16th. Zacks Investment Research lowered shares of Autodesk from a “hold” rating to a “sell” rating in a report on Monday, January 29th. KeyCorp reiterated a “buy” rating and issued a $134.00 target price on shares of Autodesk in a report on Wednesday, January 17th. Finally, CIBC initiated coverage on shares of Autodesk in a report on Friday, December 22nd. They issued an “outperform” rating and a $135.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $144.24.

In other news, VP Paul D. Underwood sold 2,089 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $139.21, for a total value of $290,809.69. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $133.11, for a total transaction of $199,665.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,475 shares of company stock worth $6,094,232. Company insiders own 6.10% of the company’s stock.

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Autodesk Company Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

Insider Buying and Selling by Quarter for Autodesk (NASDAQ:ADSK)

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