Adobe (NASDAQ:ADBE) Reaches New 52-Week Low – Here’s Why

Adobe Inc. (NASDAQ:ADBE) hit a new 52-week low during trading on Tuesday . The company traded as low as $288.33 and last traded at $289.5660, with a volume of 2065638 shares trading hands. The stock had previously closed at $296.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Adobe in a research report on Thursday, December 11th. Citigroup lifted their price objective on Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. Cowen reaffirmed a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $430.00 price target on shares of Adobe in a research report on Thursday, December 11th. Finally, Oppenheimer downgraded Adobe from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $402.85.

Adobe Price Performance

The company’s 50 day simple moving average is $334.09 and its 200 day simple moving average is $346.36. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $119.20 billion, a PE ratio of 17.38, a PEG ratio of 1.17 and a beta of 1.53.

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

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Adobe

Institutional investors have recently added to or reduced their stakes in the company. Riverbend Wealth Management LLC grew its holdings in shares of Adobe by 1.8% during the 3rd quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock worth $588,000 after purchasing an additional 29 shares during the period. FSM Wealth Advisors LLC raised its holdings in Adobe by 1.1% in the second quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock valued at $997,000 after buying an additional 30 shares during the period. Intellus Advisors LLC lifted its position in Adobe by 1.6% during the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock valued at $720,000 after buying an additional 30 shares in the last quarter. Beacon Financial Advisory LLC grew its stake in Adobe by 5.5% during the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after buying an additional 30 shares during the period. Finally, MCF Advisors LLC grew its stake in Adobe by 20.8% during the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

About Adobe

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.