Adobe Systems (ADBE) Receives Daily Coverage Optimism Rating of 0.22
News articles about Adobe Systems (NASDAQ:ADBE) have trended somewhat positive on Wednesday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Adobe Systems earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the software company an impact score of 45.3975452814909 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Recent Insiders Bustle: Adobe Systems Incorporated (ADBE), Kimco Realty Corporation (KIM) – Market Movers (financialqz.com)
- Nasdaq Leads, Small Caps Lag; Adobe Systems Finds Support As Earnings Loom (finance.yahoo.com)
- Analysts assigned mean rating score of 1.90 for Adobe Systems Incorporated (ADBE) – Wall Street Morning (wallstreetmorning.com)
- Short Term Technical Analysis: Adobe Systems Incorporated (ADBE), Immunomedics, Inc. (IMMU) – Market Movers (financialqz.com)
- [$$] Adobe’s Efforts to Understand Workers Pay Off (finance.yahoo.com)
Shares of Adobe Systems (NASDAQ ADBE) traded down $0.90 during trading hours on Wednesday, hitting $167.54. The stock had a trading volume of 4,698,700 shares, compared to its average volume of 2,430,986. The company has a market capitalization of $83,031.32, a P/E ratio of 50.74, a P/E/G ratio of 2.13 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.05 and a current ratio of 2.05. Adobe Systems has a 1 year low of $100.71 and a 1 year high of $186.27.
Several equities research analysts recently weighed in on the company. BidaskClub lowered Adobe Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Vetr raised Adobe Systems from a “sell” rating to a “hold” rating and set a $146.89 target price on the stock in a report on Wednesday, September 20th. Barclays reissued a “buy” rating and issued a $167.00 target price on shares of Adobe Systems in a report on Friday, September 15th. Piper Jaffray Companies reissued a “buy” rating and issued a $180.00 target price on shares of Adobe Systems in a report on Tuesday, September 12th. Finally, Wells Fargo & Company reissued a “hold” rating and issued a $145.00 target price (up from $127.50) on shares of Adobe Systems in a report on Wednesday, September 20th. Five analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. Adobe Systems presently has a consensus rating of “Buy” and a consensus price target of $176.50.
In related news, EVP Matthew Thompson sold 2,190 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $173.42, for a total transaction of $379,789.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ann Lewnes sold 1,953 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $155.88, for a total value of $304,433.64. Following the sale, the executive vice president now owns 56,356 shares of the company’s stock, valued at approximately $8,784,773.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,849 shares of company stock worth $2,519,679. Corporate insiders own 0.38% of the company’s stock.
Adobe Systems Company Profile
Adobe Systems Incorporated is a software company. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences.
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