Gen Digital (NASDAQ:GEN) Rating Increased to Buy at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Gen Digital (NASDAQ:GENFree Report) from a hold rating to a buy rating in a research report released on Sunday morning.

Several other equities analysts have also recently weighed in on GEN. Zacks Research cut Gen Digital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Barclays lowered their target price on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research report on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Evercore increased their price objective on shares of Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Royal Bank Of Canada dropped their price objective on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.29.

Get Our Latest Analysis on GEN

Gen Digital Stock Performance

GEN opened at $24.25 on Friday. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.51 and a current ratio of 0.47. The stock has a market capitalization of $14.96 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 0.81 and a beta of 1.09. The company has a fifty day moving average of $26.25 and a 200 day moving average of $27.63. Gen Digital has a fifty-two week low of $22.14 and a fifty-two week high of $32.22.

Gen Digital (NASDAQ:GENGet Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. As a group, sell-side analysts forecast that Gen Digital will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Monday, February 16th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. Gen Digital’s dividend payout ratio (DPR) is currently 51.55%.

Insider Buying and Selling at Gen Digital

In other news, Director Ondrej Vlcek sold 113,674 shares of Gen Digital stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total value of $3,082,838.88. Following the sale, the director owned 3,932,980 shares in the company, valued at $106,662,417.60. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Chrystal bought 5,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of $27.14 per share, with a total value of $135,700.00. Following the purchase, the director directly owned 28,419 shares of the company’s stock, valued at approximately $771,291.66. This represents a 21.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 9.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Gen Digital

A number of large investors have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in shares of Gen Digital in the fourth quarter worth about $27,000. True Wealth Design LLC raised its holdings in Gen Digital by 92.0% in the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock valued at $31,000 after acquiring an additional 529 shares during the last quarter. Spire Wealth Management lifted its stake in Gen Digital by 1,183.3% in the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after purchasing an additional 994 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Gen Digital during the 2nd quarter worth approximately $32,000. Finally, Clearstead Advisors LLC grew its position in shares of Gen Digital by 48.6% in the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Key Stories Impacting Gen Digital

Here are the key news stories impacting Gen Digital this week:

About Gen Digital

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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.

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