Adobe (NASDAQ:ADBE) Stock Price Down 1.8% – What’s Next?

Adobe Inc. (NASDAQ:ADBE)’s stock price traded down 1.8% on Monday . The company traded as low as $324.43 and last traded at $325.07. 3,258,727 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 3,923,085 shares. The stock had previously closed at $331.11.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley cut shares of Adobe from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $520.00 to $450.00 in a research report on Wednesday, September 24th. UBS Group lowered their target price on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a report on Friday, September 12th. Redburn Partners set a $280.00 price target on Adobe in a research report on Monday, September 1st. Citigroup reduced their price objective on Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. Finally, Piper Sandler lowered their price objective on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $433.41.

Adobe Price Performance

The firm has a 50-day moving average of $345.35 and a 200-day moving average of $366.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $133.16 billion, a P/E ratio of 19.82, a PEG ratio of 1.51 and a beta of 1.48.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS 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 company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same period last year, the firm posted $4.65 earnings per share. Adobe’s revenue was up 10.7% compared to the same quarter last year. 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, analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Insider Buying and Selling at Adobe

In related 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 transaction, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by insiders.

Hedge Funds Weigh In On Adobe

Several hedge funds and other institutional investors have recently modified their holdings of ADBE. 1248 Management LLC purchased a new stake in Adobe during the first quarter valued at $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Adobe during the 3rd quarter valued at about $26,000. LSV Asset Management increased its position in shares of Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after purchasing an additional 56 shares during the last quarter. Caitlin John LLC bought a new position in shares of Adobe in the 3rd quarter worth approximately $28,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Adobe in the first quarter worth approximately $29,000. 81.79% of the stock is 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.