Adobe (NASDAQ:ADBE) Shares Down 1.3% – Time to Sell?

Adobe Inc. (NASDAQ:ADBE) traded down 1.3% during trading on Friday . The company traded as low as $346.31 and last traded at $346.74. 3,116,740 shares changed hands during trading, a decline of 22% from the average session volume of 3,980,255 shares. The stock had previously closed at $351.48.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JMP Securities reiterated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Mizuho lowered Adobe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th. Barclays increased their price objective on Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. TD Cowen dropped their price objective on Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a research note on Friday, September 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Adobe currently has an average rating of “Hold” and an average price target of $433.41.

Adobe Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average price of $353.22 and a two-hundred day moving average price of $372.26. The stock has a market capitalization of $145.15 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.55 and a beta of 1.49.

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

Institutional Investors Weigh In On Adobe

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Adobe by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company’s stock worth $15,779,895,000 after buying an additional 171,547 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Adobe by 14.4% in the 1st quarter. Bank of New York Mellon Corp now owns 6,530,611 shares of the software company’s stock worth $2,504,685,000 after buying an additional 821,293 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Adobe by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock worth $2,097,289,000 after buying an additional 126,688 shares in the last quarter. Norges Bank bought a new stake in Adobe in the 2nd quarter worth about $2,029,950,000. Finally, Amundi increased its holdings in Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock worth $1,782,642,000 after buying an additional 961,895 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

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.