Adobe (NASDAQ:ADBE) Reaches New 1-Year Low – Here’s Why

Adobe Inc. (NASDAQ:ADBE) reached a new 52-week low on Thursday . The stock traded as low as $326.10 and last traded at $328.24, with a volume of 253619 shares traded. The stock had previously closed at $335.53.

Analyst Ratings Changes

ADBE has been the subject of several research analyst reports. Cowen reaffirmed a “hold” rating on shares of Adobe in a research report on Wednesday, October 29th. Melius lowered shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective for the company. in a report on Monday, August 11th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Oppenheimer lowered their target price on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. Finally, Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Adobe has a consensus rating of “Hold” and a consensus price target of $433.41.

Adobe Stock Down 0.1%

The company’s 50-day simple moving average is $348.22 and its two-hundred day simple moving average is $368.09. The firm has a market capitalization of $136.86 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.51 and a beta of 1.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.18 by $0.13. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.Adobe’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. As a group, research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.16% of the stock is owned by insiders.

Institutional Investors Weigh In On Adobe

Several large investors have recently bought and sold shares of ADBE. PFG Advisors increased its holdings in shares of Adobe by 20.8% in the 1st quarter. PFG Advisors now owns 4,964 shares of the software company’s stock valued at $1,904,000 after acquiring an additional 855 shares during the period. Lathrop Investment Management Co. increased its stake in Adobe by 2.8% in the second quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock valued at $10,269,000 after purchasing an additional 718 shares during the period. Mcdaniel Terry & Co. raised its holdings in shares of Adobe by 2.8% in the second quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock valued at $15,284,000 after buying an additional 1,093 shares during the last quarter. Jackson Thornton Wealth Management LLC purchased a new stake in shares of Adobe in the second quarter valued at about $328,000. Finally, Koss Olinger Consulting LLC acquired a new stake in shares of Adobe during the first quarter worth about $305,000. Institutional investors own 81.79% of the company’s stock.

Adobe Company Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.