Gen Digital (NASDAQ:GEN) Coverage Initiated by Analysts at B. Riley

Research analysts at B. Riley began coverage on shares of Gen Digital (NASDAQ:GEN - Get Free Report) in a research note issued on Monday, MarketBeat.com reports. The brokerage set a "buy" rating and a $46.00 price target on the stock. B. Riley's price target would suggest a potential upside of 53.23% from the company's current price. B. Riley also issued estimates for Gen Digital's Q1 2026 earnings at $0.56 EPS, Q2 2026 earnings at $0.58 EPS, Q3 2026 earnings at $0.56 EPS, Q4 2026 earnings at $0.60 EPS, FY2026 earnings at $2.31 EPS and FY2027 earnings at $2.66 EPS.

Several other brokerages also recently weighed in on GEN. Morgan Stanley lowered their price target on Gen Digital from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Evercore ISI started coverage on Gen Digital in a report on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 price target for the company. Wall Street Zen downgraded Gen Digital from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Royal Bank Of Canada raised their price target on Gen Digital from $28.00 to $30.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Finally, Barclays lifted their target price on Gen Digital from $30.00 to $32.00 and gave the stock an "equal weight" rating in a report on Monday. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $33.60.

Gen Digital Stock Up 0.4%

GEN traded up $0.11 on Monday, hitting $30.02. The company had a trading volume of 2,608,876 shares, compared to its average volume of 3,755,068. The stock has a fifty day moving average price of $29.13 and a 200-day moving average price of $27.53. Gen Digital has a 12-month low of $22.74 and a 12-month high of $31.72. The company has a debt-to-equity ratio of 3.51, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 1.09 and a beta of 1.01.

Gen Digital (NASDAQ:GEN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $999.48 million. Gen Digital had a return on equity of 59.38% and a net margin of 16.34%. The company's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. Analysts predict that Gen Digital will post 2.05 EPS for the current fiscal year.

Insider Activity at Gen Digital

In related news, Director Nora Denzel sold 31,646 shares of Gen Digital stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $28.76, for a total transaction of $910,138.96. Following the completion of the sale, the director owned 34,860 shares of the company's stock, valued at $1,002,573.60. The trade was a 47.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Kendall Capital Management lifted its holdings in Gen Digital by 63.0% in the second quarter. Kendall Capital Management now owns 98,845 shares of the company's stock valued at $2,906,000 after acquiring an additional 38,205 shares during the period. Patton Fund Management Inc. purchased a new stake in shares of Gen Digital in the second quarter valued at approximately $256,000. Novem Group purchased a new stake in shares of Gen Digital in the second quarter valued at approximately $908,000. Dakota Wealth Management increased its position in shares of Gen Digital by 7.1% in the second quarter. Dakota Wealth Management now owns 79,271 shares of the company's stock valued at $2,331,000 after buying an additional 5,286 shares in the last quarter. Finally, Ruffer LLP purchased a new stake in shares of Gen Digital in the second quarter valued at approximately $10,522,000. 81.38% of the stock is owned by institutional investors and hedge funds.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.