Adobe (NASDAQ:ADBE) Trading 1.9% Higher – Here’s Why

Adobe Inc. (NASDAQ:ADBE)’s share price shot up 1.9% during mid-day trading on Wednesday . The stock traded as high as $357.80 and last traded at $354.66. 4,208,148 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 3,981,709 shares. The stock had previously closed at $347.89.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Adobe in a research note on Thursday, December 11th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a research note on Sunday. TD Cowen cut their target price on shares of Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Finally, Jefferies Financial Group decreased their price objective on Adobe from $590.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $417.93.

Adobe Trading Up 1.9%

The business has a 50 day moving average of $336.08 and a 200 day moving average of $356.19. The firm has a market capitalization of $148.46 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.38 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating the consensus estimate of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter in the prior year, the company earned $4.81 earnings per share. The business’s quarterly revenue 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, research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after purchasing an additional 167 shares during the period. Quantbot Technologies LP bought a new stake in shares of Adobe during the 1st quarter valued at $59,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Adobe during the first quarter worth about $14,045,000. Colonial Trust Advisors increased its holdings in Adobe by 13.3% in the 1st quarter. Colonial Trust Advisors now owns 7,869 shares of the software company’s stock valued at $3,018,000 after buying an additional 926 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc increased its holdings in Adobe by 213.4% in the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,695 shares of the software company’s stock valued at $1,034,000 after buying an additional 1,835 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

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.