Adobe (NASDAQ:ADBE) Hits New 12-Month Low – Time to Sell?

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADBE. Melius cut Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective for the company. in a research report on Monday, August 11th. BMO Capital Markets reiterated an “outperform” rating and set a $405.00 price objective on shares of Adobe in a research report on Wednesday, October 29th. Citigroup lowered their price target on Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. JMP Securities reissued a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $433.41.

Adobe Price Performance

The company’s 50-day moving average is $349.35 and its 200-day moving average is $368.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $137.55 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.51 and a beta of 1.47.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same period last year, the company earned $4.65 earnings per share. The company’s quarterly 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, research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Activity at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.16% of the company’s stock.

Institutional Trading of Adobe

Several institutional investors have recently modified their holdings of the company. Wealthfront Advisers LLC grew its holdings in shares of Adobe by 0.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 48,753 shares of the software company’s stock worth $17,198,000 after acquiring an additional 292 shares during the last quarter. Edgemoor Investment Advisors Inc. grew its holdings in shares of Adobe by 3.3% in the 3rd quarter. Edgemoor Investment Advisors Inc. now owns 2,871 shares of the software company’s stock worth $1,013,000 after acquiring an additional 92 shares during the last quarter. Arista Wealth Management LLC grew its holdings in shares of Adobe by 7.6% in the 3rd quarter. Arista Wealth Management LLC now owns 4,224 shares of the software company’s stock worth $1,490,000 after acquiring an additional 300 shares during the last quarter. AlTi Global Inc. grew its holdings in shares of Adobe by 1.3% during the third quarter. AlTi Global Inc. now owns 21,911 shares of the software company’s stock valued at $7,728,000 after buying an additional 278 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in shares of Adobe by 1.4% during the third quarter. Linden Thomas Advisory Services LLC now owns 7,688 shares of the software company’s stock valued at $2,712,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds 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.