Analysts Set Gen Digital Inc. (NASDAQ:GEN) Target Price at $31.29

Gen Digital Inc. (NASDAQ:GEN) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $31.2857.

Several equities research analysts have recently weighed in on GEN shares. Royal Bank Of Canada upped their price target on shares of Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Wells Fargo & Company started coverage on shares of Gen Digital in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price target for the company. Jefferies Financial Group cut shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Barclays upped their price target on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th.

Institutional Investors Weigh In On Gen Digital

Several hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in shares of Gen Digital in the 4th quarter worth approximately $27,000. Clearstead Advisors LLC lifted its position in Gen Digital by 48.6% during the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after acquiring an additional 400 shares during the last quarter. TD Private Client Wealth LLC lifted its position in Gen Digital by 65.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock valued at $42,000 after acquiring an additional 611 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in Gen Digital during the second quarter valued at approximately $47,000. Finally, Geneos Wealth Management Inc. lifted its position in Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after acquiring an additional 1,183 shares during the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Gen Digital Price Performance

Gen Digital stock opened at $24.76 on Friday. The stock has a market cap of $14.92 billion, a price-to-earnings ratio of 15.67 and a beta of 1.10. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.40 and a quick ratio of 0.40. Gen Digital has a 1 year low of $17.78 and a 1 year high of $32.22. The firm has a 50-day moving average of $20.61 and a two-hundred day moving average of $23.65.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company earned $0.59 EPS. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. On average, research analysts forecast that Gen Digital will post 2.66 earnings per share for the current year.

Gen Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, May 18th. Gen Digital’s dividend payout ratio is presently 31.65%.

Gen Digital Company Profile

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.