DA Davidson Forecasts Adobe’s Q1 Earnings (NASDAQ:ADBE)

Adobe Inc. (NASDAQ:ADBE) – Equities research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Adobe in a report issued on Thursday, December 12th. DA Davidson analyst G. Luria forecasts that the software company will earn $4.01 per share for the quarter. DA Davidson has a “Buy” rating and a $625.00 price target on the stock. The consensus estimate for Adobe’s current full-year earnings is $16.73 per share. DA Davidson also issued estimates for Adobe’s FY2025 earnings at $23.19 EPS and FY2026 earnings at $19.22 EPS.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Wednesday, December 11th. The software company reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.67 by $0.14. Adobe had a return on equity of 45.22% and a net margin of 25.85%. The company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same period in the prior year, the business posted $3.52 EPS. Adobe’s revenue was up 11.1% on a year-over-year basis.

Several other research firms have also weighed in on ADBE. Piper Sandler reduced their target price on Adobe from $635.00 to $600.00 and set an “overweight” rating on the stock in a report on Thursday. Jefferies Financial Group cut their price objective on Adobe from $700.00 to $650.00 and set a “buy” rating on the stock in a report on Thursday. Barclays lowered their target price on Adobe from $675.00 to $645.00 and set an “overweight” rating for the company in a research note on Thursday. StockNews.com raised shares of Adobe from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Sanford C. Bernstein lowered their price objective on shares of Adobe from $644.00 to $587.00 and set an “outperform” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Adobe currently has a consensus rating of “Moderate Buy” and an average target price of $584.88.

Adobe Trading Down 1.9 %

ADBE opened at $465.69 on Monday. The firm’s fifty day moving average is $505.16 and its two-hundred day moving average is $523.59. The firm has a market cap of $205.00 billion, a PE ratio of 37.56, a price-to-earnings-growth ratio of 2.51 and a beta of 1.29. Adobe has a twelve month low of $433.97 and a twelve month high of $638.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.11 and a current ratio of 1.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 1ST Source Bank grew its position in Adobe by 0.7% during the third quarter. 1ST Source Bank now owns 2,889 shares of the software company’s stock worth $1,496,000 after buying an additional 20 shares in the last quarter. DGS Capital Management LLC grew its holdings in shares of Adobe by 1.8% during the 3rd quarter. DGS Capital Management LLC now owns 2,436 shares of the software company’s stock worth $1,261,000 after purchasing an additional 42 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Adobe in the third quarter worth $14,622,000. Inspire Trust Co. N.A. raised its stake in Adobe by 9.1% in the third quarter. Inspire Trust Co. N.A. now owns 5,714 shares of the software company’s stock valued at $2,959,000 after purchasing an additional 475 shares in the last quarter. Finally, American Trust bought a new stake in Adobe during the third quarter worth about $1,057,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Adobe

In related news, EVP Scott Belsky sold 481 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $483.42, for a total value of $232,525.02. Following the transaction, the executive vice president now owns 18,128 shares in the company, valued at approximately $8,763,437.76. This represents a 2.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel Durn sold 6,500 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $515.44, for a total transaction of $3,350,360.00. Following the completion of the transaction, the chief financial officer now directly owns 20,838 shares in the company, valued at approximately $10,740,738.72. This represents a 23.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,793 shares of company stock worth $18,069,669. 0.15% of the stock is owned by company insiders.

About Adobe

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.