Gen Digital's (GEN) Hold (C+) Rating Reaffirmed at Weiss Ratings

Key Points

• Gen Digital's stock currently holds a "hold (C+)" rating by Weiss Ratings, amid various analysts giving mixed ratings with target prices ranging from $31.00 to $46.00.
• The company's recent earnings report showed an EPS of $0.64, exceeding analysts' estimates, along with a year-over-year revenue increase of 30.3% to $1.26 billion.
• Gen Digital's market capitalization stands at $16.78 billion, with a significant portion of its stock (81.38%) owned by institutional investors and hedge funds.

Gen Digital (NASDAQ:GEN - Get Free Report)'s stock had its "hold (c+)" rating reissued by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

GEN has been the topic of a number of other research reports. Jefferies Financial Group started coverage on Gen Digital in a research report on Friday, October 3rd. They issued a "hold" rating and a $31.00 target price on the stock. B. Riley started coverage on Gen Digital in a research report on Monday, July 14th. They issued a "buy" rating and a $46.00 target price on the stock. Evercore ISI initiated coverage on Gen Digital in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 target price on the stock. Royal Bank Of Canada upped their price objective on Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company upped their price objective on Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Gen Digital has a consensus rating of "Moderate Buy" and an average target price of $35.71.

Gen Digital Stock Performance

GEN stock opened at $27.24 on Wednesday. The company has a market capitalization of $16.78 billion, a P/E ratio of 28.08, a PEG ratio of 0.92 and a beta of 0.94. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. The business has a 50-day moving average price of $29.57 and a 200 day moving average price of $28.48. Gen Digital has a 1-year low of $22.74 and a 1-year high of $32.22.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.04. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The firm's revenue was up 30.3% on a year-over-year basis. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, equities research analysts forecast that Gen Digital will post 2.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GEN. Merit Financial Group LLC acquired a new position in Gen Digital in the 1st quarter valued at $273,000. GAMMA Investing LLC raised its stake in Gen Digital by 15.1% in the 1st quarter. GAMMA Investing LLC now owns 12,139 shares of the company's stock valued at $322,000 after purchasing an additional 1,593 shares during the last quarter. SG Americas Securities LLC raised its stake in Gen Digital by 149.4% in the 1st quarter. SG Americas Securities LLC now owns 39,119 shares of the company's stock valued at $1,038,000 after purchasing an additional 23,433 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Gen Digital by 0.8% in the 1st quarter. Handelsbanken Fonder AB now owns 116,467 shares of the company's stock valued at $3,091,000 after purchasing an additional 915 shares during the last quarter. Finally, CX Institutional raised its stake in Gen Digital by 4.1% in the 1st quarter. CX Institutional now owns 50,686 shares of the company's stock valued at $1,345,000 after purchasing an additional 1,989 shares during the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

About Gen Digital

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.

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