Gen Digital (NASDAQ:GEN) Stock Rating Upgraded by Wall Street Zen

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

Other analysts have also issued reports about the stock. 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 target price for the company. Barclays decreased their price target on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. Jefferies Financial Group upgraded shares of Gen Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $32.71.

Gen Digital Stock Down 3.3%

GEN stock opened at $18.34 on Friday. Gen Digital has a fifty-two week low of $18.20 and a fifty-two week high of $32.22. The business’s 50-day moving average is $22.69 and its two-hundred day moving average is $25.60. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $11.11 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 0.61 and a beta of 1.11.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company posted $0.56 EPS. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. 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, analysts forecast that Gen Digital will post 2.05 earnings per share for the current year.

Hedge Funds Weigh In On Gen Digital

A number of hedge funds have recently modified their holdings of the company. Choreo LLC lifted its position in shares of Gen Digital by 3.2% during the second quarter. Choreo LLC now owns 10,116 shares of the company’s stock valued at $297,000 after buying an additional 315 shares during the last quarter. Beacon Pointe Advisors LLC boosted its holdings in shares of Gen Digital by 3.9% in 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 in the last quarter. Blue Trust Inc. grew its position in shares of Gen Digital by 2.4% in the 4th 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 raised its stake in shares of Gen Digital by 20.9% during the 3rd quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock worth $64,000 after acquiring an additional 390 shares in the last quarter. Finally, Clearstead Advisors LLC raised its stake in shares of Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares in the last quarter. 81.38% of the stock is currently owned by 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.