JMP Securities Reaffirms Market Perform Rating for Adobe (NASDAQ:ADBE)

Adobe (NASDAQ:ADBE)‘s stock had its “market perform” rating reiterated by JMP Securities in a report released on Friday,Benzinga reports.

ADBE has been the topic of several other reports. Royal Bank Of Canada dropped their price objective on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, September 8th. DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a research report on Friday, June 20th. Redburn Partners set a $280.00 price objective on shares of Adobe in a research report on Monday, September 1st. Stifel Nicolaus cut their price objective on shares of Adobe from $525.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, June 13th. Finally, Rothschild & Co Redburn lowered shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price objective for the company. in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $435.63.

Adobe Price Performance

NASDAQ ADBE opened at $349.36 on Friday. The company has a market cap of $148.20 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.66 and a beta of 1.48. Adobe has a 52 week low of $330.04 and a 52 week high of $557.90. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm’s 50-day simple moving average is $357.32 and its two-hundred day simple moving average is $379.37.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 56.30%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Research analysts predict that Adobe will post 16.65 earnings per share for the current year.

Institutional Investors Weigh In On Adobe

Several hedge funds have recently bought and sold shares of ADBE. Brighton Jones LLC raised its stake in shares of Adobe by 2.1% during the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after acquiring an additional 167 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Adobe by 2.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 28,969 shares of the software company’s stock worth $12,882,000 after acquiring an additional 756 shares in the last quarter. Sora Investors LLC purchased a new position in shares of Adobe during the fourth quarter worth approximately $10,693,000. Silvercrest Asset Management Group LLC raised its stake in shares of Adobe by 0.8% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 11,986 shares of the software company’s stock worth $5,330,000 after acquiring an additional 101 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC raised its stake in shares of Adobe by 41.9% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 2,920 shares of the software company’s stock worth $1,298,000 after acquiring an additional 862 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

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.