Adobe (NASDAQ:ADBE) Hits New 12-Month Low – Here’s What Happened

Adobe Inc. (NASDAQ:ADBE) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $246.21 and last traded at $246.7410, with a volume of 2036858 shares trading hands. The stock had previously closed at $258.61.

Analysts Set New Price Targets

Several research firms have commented on ADBE. UBS Group reduced their price objective on Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a report on Monday, January 26th. Wolfe Research dropped their price objective on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Robert W. Baird set a $350.00 price objective on shares of Adobe in a research note on Wednesday, January 14th. Citigroup lifted their price target on Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Finally, The Goldman Sachs Group started coverage on Adobe in a research report on Monday, January 12th. They issued a “sell” rating and a $290.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $392.76.

Adobe Stock Down 4.8%

The company’s 50-day moving average is $309.33 and its 200 day moving average is $331.68. The stock has a market capitalization of $101.04 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

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

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the sale, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Adobe

A number of institutional investors and hedge funds have recently modified their holdings of ADBE. Brighton Jones LLC grew its position in Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after purchasing an additional 167 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock worth $926,000 after buying an additional 486 shares during the last quarter. United Bank grew its holdings in Adobe by 12.8% during the second quarter. United Bank now owns 3,773 shares of the software company’s stock worth $1,460,000 after acquiring an additional 428 shares during the period. Schnieders Capital Management LLC. grew its holdings in Adobe by 7.8% during the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock worth $1,017,000 after acquiring an additional 190 shares during the period. Finally, AlphaQuest LLC raised its position in Adobe by 62.5% during the second quarter. AlphaQuest LLC now owns 2,275 shares of the software company’s stock valued at $880,000 after acquiring an additional 875 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Company Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.