DA Davidson Has Positive Forecast for Adobe FY2025 Earnings

Adobe Inc. (NASDAQ:ADBE) – DA Davidson increased their FY2025 earnings per share estimates for Adobe in a research report issued on Thursday, March 13th. DA Davidson analyst G. Luria now expects that the software company will post earnings per share of $16.65 for the year, up from their prior estimate of $16.61. DA Davidson has a “Buy” rating and a $625.00 price objective on the stock. The consensus estimate for Adobe’s current full-year earnings is $16.65 per share.

A number of other research analysts also recently weighed in on ADBE. Sanford C. Bernstein cut their price objective on Adobe from $644.00 to $587.00 and set an “outperform” rating on the stock in a research note on Thursday, December 12th. Jefferies Financial Group decreased their price objective on shares of Adobe from $700.00 to $650.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Redburn Atlantic assumed coverage on shares of Adobe in a research report on Wednesday, February 19th. They issued a “neutral” rating for the company. Evercore ISI reduced their target price on Adobe from $650.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Adobe from $580.00 to $540.00 and set an “overweight” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $540.60.

Adobe Stock Performance

Shares of ADBE opened at $394.74 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.07 and a current ratio of 1.07. Adobe has a 52 week low of $374.50 and a 52 week high of $587.75. The company’s 50 day moving average price is $437.03 and its 200 day moving average price is $481.50. The company has a market capitalization of $171.87 billion, a PE ratio of 31.83, a PEG ratio of 2.15 and a beta of 1.37.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, March 12th. The software company reported $5.08 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.11. The business had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.66 billion. Adobe had a net margin of 25.85% and a return on equity of 45.87%. During the same period in the previous year, the firm earned $4.48 EPS.

Institutional Investors Weigh In On Adobe

A number of hedge funds have recently made changes to their positions in ADBE. Lansforsakringar Fondforvaltning AB publ purchased a new position in Adobe in the 4th quarter worth $101,828,000. PKO Investment Management Joint Stock Co purchased a new position in Adobe in the 4th quarter worth approximately $7,115,000. Northstar Financial Companies Inc. purchased a new stake in shares of Adobe during the fourth quarter valued at approximately $241,000. Centaurus Financial Inc. grew its holdings in shares of Adobe by 34.8% in the fourth quarter. Centaurus Financial Inc. now owns 3,613 shares of the software company’s stock worth $1,606,000 after purchasing an additional 932 shares during the last quarter. Finally, Lighthouse Financial LLC purchased a new position in shares of Adobe in the fourth quarter worth $218,000. 81.79% of the stock is currently owned by institutional investors.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 334 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $435.83, for a total value of $145,567.22. Following the transaction, the chief accounting officer now owns 2,685 shares of the company’s stock, valued at $1,170,203.55. This represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Ricks acquired 2,250 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased at an average cost of $443.98 per share, for a total transaction of $998,955.00. Following the completion of the acquisition, the director now owns 4,984 shares in the company, valued at $2,212,796.32. This represents a 82.30 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 5,075 shares of company stock worth $2,191,826. 0.16% of the stock is owned by corporate insiders.

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.