Gen Digital Inc. (NASDAQ:GEN) Receives $32.71 Consensus Target Price from Analysts

Gen Digital Inc. (NASDAQ:GEN) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $32.7143.

A number of brokerages have commented on GEN. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Barclays cut their price objective on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company began coverage on shares of Gen Digital in a research report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price target for the company.

Gen Digital Price Performance

GEN opened at $21.00 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.50. The stock has a market capitalization of $12.72 billion, a P/E ratio of 21.65, a PEG ratio of 0.71 and a beta of 1.11. The stock has a 50-day moving average price of $24.05 and a 200-day moving average price of $26.39. Gen Digital has a 12-month low of $20.93 and a 12-month high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.Gen Digital’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period last year, the firm posted $0.56 EPS. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. Equities analysts predict that Gen Digital will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Monday, February 16th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, February 13th. This represents a $0.50 annualized dividend and a yield of 2.4%. Gen Digital’s dividend payout ratio is currently 51.55%.

Hedge Funds Weigh In On Gen Digital

A number of large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in shares of Gen Digital during the fourth quarter valued at approximately $27,000. Spire Wealth Management increased its stake in shares of Gen Digital by 1,183.3% in the third quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after buying an additional 994 shares during the period. True Wealth Design LLC raised its holdings in Gen Digital by 92.0% during the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock valued at $31,000 after buying an additional 529 shares during the last quarter. Clearstead Advisors LLC raised its holdings in Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after buying an additional 400 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in Gen Digital during the 2nd quarter valued at $44,000. 81.38% of the stock is owned by hedge funds and other institutional investors.

About Gen Digital

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.