Adobe (NASDAQ:ADBE) Shares Down 1.5% – What’s Next?

Shares of Adobe Inc. (NASDAQ:ADBE) fell 1.5% on Monday . The company traded as low as $343.88 and last traded at $351.15. 5,416,413 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 3,979,975 shares. The stock had previously closed at $356.43.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $430.00 price objective on shares of Adobe in a research note on Thursday. Wolfe Research decreased their target price on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday. Mizuho cut their price target on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Evercore ISI decreased their price objective on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, September 12th. Finally, Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $417.15.

Adobe Stock Performance

The stock’s 50 day moving average is $336.07 and its two-hundred day moving average is $357.10. The stock has a market capitalization of $146.99 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.41 and a beta of 1.54. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.Adobe’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Adobe

A number of large investors have recently modified their holdings of the business. Mirabella Financial Services LLP increased its position in shares of Adobe by 102.1% in the third quarter. Mirabella Financial Services LLP now owns 7,594 shares of the software company’s stock valued at $2,675,000 after acquiring an additional 3,836 shares during the last quarter. Hudson Bay Capital Management LP grew its stake in Adobe by 195.0% in the third quarter. Hudson Bay Capital Management LP now owns 1,181 shares of the software company’s stock valued at $417,000 after purchasing an additional 2,424 shares in the last quarter. Painted Porch Advisors LLC grew its stake in Adobe by 22.8% in the third quarter. Painted Porch Advisors LLC now owns 2,873 shares of the software company’s stock valued at $1,013,000 after purchasing an additional 534 shares in the last quarter. Saranac Partners Ltd acquired a new position in shares of Adobe during the 3rd quarter worth approximately $4,242,000. Finally, IFP Advisors Inc raised its stake in shares of Adobe by 113.9% during the 3rd quarter. IFP Advisors Inc now owns 8,587 shares of the software company’s stock worth $3,030,000 after purchasing an additional 4,573 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

About Adobe

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.