MYDA Advisors LLC Purchases 4,300 Shares of Adobe Inc. $ADBE

Key Points

• MYDA Advisors LLC increased its stake in Adobe Inc. by 390.9%, acquiring a total of 5,400 shares worth approximately $2,071,000.
• Adobe reported $5.06 earnings per share (EPS) in its latest quarterly results, beating analysts' expectations and showing a year-over-year revenue growth of 10.6%.
• Despite mixed analyst ratings, Adobe's stock has an average target price of $467.58, with varying recommendations from "Strong Buy" to "Sell."

MYDA Advisors LLC boosted its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 390.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,400 shares of the software company's stock after purchasing an additional 4,300 shares during the period. MYDA Advisors LLC's holdings in Adobe were worth $2,071,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Garde Capital Inc. purchased a new position in Adobe during the 1st quarter worth approximately $34,000. PFG Advisors grew its position in Adobe by 20.8% during the 1st quarter. PFG Advisors now owns 4,964 shares of the software company's stock worth $1,904,000 after purchasing an additional 855 shares in the last quarter. Krane Funds Advisors LLC grew its position in Adobe by 110.4% during the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock worth $533,000 after purchasing an additional 730 shares in the last quarter. Financial Counselors Inc. grew its position in Adobe by 9.2% during the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock worth $24,105,000 after purchasing an additional 5,298 shares in the last quarter. Finally, Koss Olinger Consulting LLC acquired a new stake in shares of Adobe during the 1st quarter valued at $305,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ADBE shares. Phillip Securities raised shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. Rothschild & Co Redburn lowered shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price for the company. in a research note on Wednesday, July 2nd. Stifel Nicolaus decreased their target price on shares of Adobe from $525.00 to $480.00 and set a "buy" rating for the company in a research note on Friday, June 13th. Bank of America lifted their target price on shares of Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a research note on Friday, June 13th. Finally, UBS Group decreased their target price on shares of Adobe from $430.00 to $400.00 and set a "neutral" rating for the company in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Adobe currently has an average rating of "Moderate Buy" and a consensus price target of $466.42.

Adobe Stock Up 0.8%

Shares of ADBE stock traded up $2.74 on Friday, hitting $356.70. The company's stock had a trading volume of 2,637,158 shares, compared to its average volume of 3,666,279. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $587.75. The firm's fifty day moving average price is $363.93 and its 200-day moving average price is $386.47. The stock has a market capitalization of $151.31 billion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 1.69 and a beta of 1.51.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.09. The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. Adobe's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.48 EPS. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. Research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

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.