Koshinski Asset Management Inc. Buys 1,339 Shares of Adobe Inc. $ADBE

Key Points

• Koshinski Asset Management Inc. increased its stake in Adobe Inc. by 47.2%, owning 4,174 shares worth approximately $1.615 million after acquiring an additional 1,339 shares.
• Analysts have recently issued mixed reviews on Adobe's stock, with price target reductions from several firms, including Rothschild & Co Redburn lowering the target to $280 and UBS Group reducing it to $375.
• Adobe reported $5.31 EPS for the last quarter, surpassing estimates, and projects FY 2025 guidance at EPS of 20.800-20.850, indicating continued growth.

Koshinski Asset Management Inc. grew its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 47.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,174 shares of the software company's stock after purchasing an additional 1,339 shares during the quarter. Koshinski Asset Management Inc.'s holdings in Adobe were worth $1,615,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ADBE. 1248 Management LLC bought a new stake in shares of Adobe in the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe during the first quarter worth about $26,000. Flaharty Asset Management LLC purchased a new position in Adobe during the first quarter worth about $29,000. HHM Wealth Advisors LLC bought a new stake in Adobe in the 1st quarter worth about $30,000. Finally, Nexus Investment Management ULC purchased a new stake in Adobe in the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on ADBE shares. JMP Securities reissued a "market perform" rating on shares of Adobe in a research report on Friday, September 12th. Rothschild & Co Redburn downgraded Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target for the company. in a research report on Wednesday, July 2nd. Morgan Stanley cut Adobe from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $520.00 to $450.00 in a research report on Wednesday, September 24th. Oppenheimer reduced their price objective on Adobe from $500.00 to $460.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. Finally, UBS Group decreased their target price on Adobe from $400.00 to $375.00 and set a "neutral" rating for the company in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Adobe currently has an average rating of "Hold" and an average target price of $433.41.

Adobe Stock Performance

Shares of ADBE opened at $333.26 on Friday. Adobe Inc. has a 1 year low of $327.50 and a 1 year high of $557.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The stock's fifty day moving average price is $350.99 and its two-hundred day moving average price is $368.75. The firm has a market cap of $139.50 billion, a PE ratio of 20.76, a PEG ratio of 1.49 and a beta of 1.49.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $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. On average, equities research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

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.

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