Gen Digital Inc. (NASDAQ:GEN) Receives $36.50 Average Target Price from Brokerages

Shares of Gen Digital Inc. (NASDAQ:GEN) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $36.50.

GEN has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Evercore ISI initiated coverage on Gen Digital in a research report on Tuesday, July 1st. They set an “outperform” rating and a $35.00 price target for the company. Wall Street Zen lowered Gen Digital from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 5th. B. Riley initiated coverage on Gen Digital in a research report on Monday, July 14th. They set a “buy” rating and a $46.00 price target for the company. Finally, Barclays upped their price target on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new position in shares of Gen Digital in the 2nd quarter worth approximately $32,000. CYBER HORNET ETFs LLC bought a new position in shares of Gen Digital in the 2nd quarter worth approximately $44,000. Catalyst Capital Advisors LLC raised its position in shares of Gen Digital by 117.6% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company’s stock worth $42,000 after acquiring an additional 854 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Gen Digital in the 2nd quarter worth approximately $47,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after acquiring an additional 1,183 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.

Gen Digital Price Performance

Gen Digital stock opened at $28.60 on Friday. The business has a 50-day simple moving average of $30.13 and a 200 day simple moving average of $28.37. Gen Digital has a 52 week low of $22.74 and a 52 week high of $32.22. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. The stock has a market cap of $17.61 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 0.97 and a beta of 0.99.

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

Gen Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%. Gen Digital’s dividend payout ratio is presently 51.55%.

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.