Gen Digital Inc. (NASDAQ:GEN) Stock Has Average Price Target of $30.25

Key Points

• Analysts hold a neutral view of Gen Digital, with six hold ratings, one buy and one strong buy; the average 12-month price target is $30.25.
• Gen Digital exceeded quarterly expectations, reporting $0.71 EPS and $1.34 billion in revenue, with revenue up 6.3% year over year.
• The company pays a quarterly dividend of $0.125 per share, equivalent to a 2.1% yield, while insiders sold 558,508 shares worth approximately $16.4 million in the latest quarter.

Shares of Gen Digital Inc. (NASDAQ:GEN - Get Free Report) have been given a consensus rating of "Hold" by the eight brokerages that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $30.25.

Several research analysts recently commented on GEN shares. Wells Fargo & Company boosted their price objective on shares of Gen Digital from $22.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Barclays increased their target price on shares of Gen Digital from $27.00 to $32.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Gen Digital from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Royal Bank Of Canada cut their price target on shares of Gen Digital from $26.00 to $24.00 and set a "sector perform" rating on the stock in a report on Monday, October 12th. Finally, Weiss Ratings raised shares of Gen Digital from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday.

Gen Digital Price Performance

GEN opened at $23.64 on Tuesday. The business's 50-day moving average is $27.08 and its two-hundred day moving average is $24.99. Gen Digital has a 1 year low of $17.78 and a 1 year high of $31.65. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $14.15 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 0.76 and a beta of 1.26.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.02. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. Gen Digital had a net margin of 20.73% and a return on equity of 55.93%. The firm's revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. Research analysts anticipate that Gen Digital will post 2.66 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th were issued a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, August 17th. Gen Digital's dividend payout ratio is currently 29.07%.

Insider Transactions at Gen Digital

In other news, Director Ondrej Vlcek sold 200,000 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $30.00, for a total value of $6,000,000.00. Following the completion of the sale, the director owned 3,332,904 shares of the company's stock, valued at $99,987,120. This trade represents a 5.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Bryan Seuk Ko sold 28,248 shares of the business's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $30.67, for a total value of $866,366.16. Following the transaction, the chief operating officer owned 744,262 shares in the company, valued at approximately $22,826,515.54. This trade represents a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 558,508 shares of company stock valued at $16,356,093 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gen Digital

Several institutional investors have recently added to or reduced their stakes in GEN. Grant Private Wealth Management Inc acquired a new position in shares of Gen Digital during the third quarter valued at about $545,000. IFP Advisors Inc raised its position in shares of Gen Digital by 21.5% in the 3rd quarter. IFP Advisors Inc now owns 28,585 shares of the company's stock valued at $629,000 after purchasing an additional 5,058 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in shares of Gen Digital in the 3rd quarter valued at approximately $367,000. Pension & Wealth Management Advisors Inc. acquired a new stake in Gen Digital in the 3rd quarter worth approximately $47,000. Finally, Howard Capital Management LLC acquired a new stake in Gen Digital in the 3rd quarter worth approximately $5,459,000. Institutional investors and hedge funds own 81.38% of the company's stock.

Gen Digital Company Profile

Gen Digital Inc NASDAQ: GEN is a cybersecurity company that provides digital safety, privacy, and identity protection products for consumers. Its services are designed to help protect devices, personal information, online accounts, and digital identities from malware, fraud, identity theft, scams, and other cyber threats.

The company operates a portfolio of consumer brands that includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. Its offerings include antivirus and device security software, virtual private network services, password management, identity theft monitoring and restoration support, privacy tools, scam protection, and performance and optimization utilities.

Gen Digital serves customers internationally through direct subscriptions and distribution partnerships.

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