Adobe (NASDAQ:ADBE) Shares Up 3.8% – Should You Buy?

Adobe Inc. (NASDAQ:ADBE)’s stock price was up 3.8% during mid-day trading on Friday . The company traded as high as $327.75 and last traded at $324.19. Approximately 4,786,958 shares changed hands during trading, an increase of 22% from the average daily volume of 3,923,294 shares. The stock had previously closed at $312.40.

Analyst Ratings Changes

A number of research firms recently issued reports on ADBE. BMO Capital Markets reissued an “outperform” rating and set a $405.00 target price on shares of Adobe in a research report on Wednesday, October 29th. Barclays set a $465.00 price objective on shares of Adobe and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Evercore ISI reduced their target price on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Finally, Melius lowered Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective on the stock. in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $428.96.

Adobe Stock Performance

The firm has a market capitalization of $135.71 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s fifty day moving average is $343.95 and its two-hundred day moving average is $365.61.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.

Institutional Trading of Adobe

A number of hedge funds and other institutional investors have recently made changes to their positions in ADBE. 1248 Management LLC acquired a new position in Adobe during the 1st quarter worth $25,000. LSV Asset Management increased its holdings in Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after buying an additional 56 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Adobe in the third quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new stake in Adobe during the first quarter valued at approximately $29,000. Finally, HHM Wealth Advisors LLC bought a new position in Adobe during the 1st quarter worth approximately $30,000. Institutional investors own 81.79% of the company’s stock.

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.