The price of Adobe Inc (NASDAQ:ADBE) shares last traded on Wall Street fell -13.85% to $377.84.
ADBE stock price is now -13.77% away from the 50-day moving average and -24.09% away from the 200-day moving average. The market capitalization of the company currently stands at $164.32B.
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With the price target reduced from $515 to $495, BMO Capital Markets maintained Outperform rating for Adobe Inc (NASDAQ: ADBE). , while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, Ricks David A, Director bought 2,250 shares of the company’s stock on Jan 28 ’25. The stock was bought for $998,946 at an average price of $443.98. Upon completion of the transaction, the Director now directly owns 4,984 shares in the company, valued at $1.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 28 ’25, Officer Forusz Jillian bought 334 shares of the business’s stock. A total of $145,567 was incurred on buying the stock at an average price of $435.83. A total of 0.33% of the company’s stock is owned by insiders.
During the past 12 months, Adobe Inc has had a low of $403.75 and a high of $587.75. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 1.18, and a quick ratio of 1.04. According to the stock market information, the enterprise value for the company is $163866247168, which is based on a 24.88 price-to-earnings ratio, a 2.14 price-to-earnings-growth ratio, and a beta of 1.42. The fifty day moving average price for ADBE is $438.1842 and a two-hundred day moving average price translates $497.7166 for the stock.
The latest earnings results from Adobe Inc (NASDAQ: ADBE) was released for 2025-02-28. The net profit margin was 30.63% and return on equity was 47.28% for ADBE. For the current quarter, analysts expect ADBE to generate $5.81B in revenue.
