Gen Digital (NASDAQ:GEN) Raised to “Buy” at Wall Street Zen

Gen Digital (NASDAQ:GENGet Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

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

Read Our Latest Analysis on Gen Digital

Gen Digital Trading Up 8.1%

Gen Digital stock opened at $24.25 on Friday. Gen Digital has a 12-month low of $22.14 and a 12-month high of $32.22. The firm has a market capitalization of $14.96 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 0.81 and a beta of 1.09. The firm has a 50 day moving average of $26.25 and a 200 day moving average of $27.65. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 3.43.

Gen Digital (NASDAQ:GENGet Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.57%. The company’s revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. 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, research analysts predict that Gen Digital will post 2.05 earnings per share for the current year.

Insider Buying and Selling at Gen Digital

In related news, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the sale, the director owned 3,932,980 shares of the company’s stock, valued at $106,662,417.60. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Chrystal acquired 5,000 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average cost of $27.14 per share, with a total value of $135,700.00. Following the completion of the purchase, the director directly owned 28,419 shares in the company, 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. Insiders own 9.30% of the company’s stock.

Institutional Investors Weigh In On Gen Digital

Several large investors have recently added to or reduced their stakes in the stock. Choreo LLC boosted its holdings in shares of Gen Digital by 3.2% in the 2nd quarter. Choreo LLC now owns 10,116 shares of the company’s stock worth $297,000 after purchasing an additional 315 shares during the period. Beacon Pointe Advisors LLC raised its holdings in Gen Digital by 3.9% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company’s stock valued at $279,000 after buying an additional 357 shares during the period. Blue Trust Inc. lifted its position in Gen Digital by 2.4% in the fourth quarter. Blue Trust Inc. now owns 16,210 shares of the company’s stock worth $441,000 after buying an additional 387 shares during the last quarter. Larson Financial Group LLC boosted its stake in Gen Digital by 20.9% during the third quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock worth $64,000 after buying an additional 390 shares during the period. Finally, Clearstead Advisors LLC increased 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. 81.38% of the stock is owned by institutional investors.

Gen Digital News Roundup

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

Gen Digital Company Profile

(Get Free Report)

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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