Barclays Lowers Gen Digital (NASDAQ:GEN) Price Target to $26.00
by Renee Jackson · The Cerbat GemGen Digital (NASDAQ:GEN – Get Free Report) had its price target reduced by stock analysts at Barclays from $32.00 to $26.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 42.66% from the company’s current price.
A number of other brokerages have also commented on GEN. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Jefferies Financial Group upgraded Gen Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. Wells Fargo & Company initiated coverage on Gen Digital in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price target on the stock. Finally, Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.86.
Read Our Latest Stock Analysis on Gen Digital
Gen Digital Trading Up 1.9%
GEN stock opened at $18.23 on Monday. The business has a fifty day moving average price of $21.43 and a 200 day moving average price of $24.86. Gen Digital has a fifty-two week low of $17.78 and a fifty-two week high of $32.22. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 0.51 and a beta of 1.15. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47.
Gen Digital (NASDAQ:GEN – Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share 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 firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm posted $0.56 EPS. The business’s revenue was up 25.8% on a year-over-year basis. 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. Analysts expect that Gen Digital will post 2.05 EPS for the current fiscal year.
Institutional Trading of Gen Digital
Several hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in Gen Digital by 2.4% during 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 period. Larson Financial Group LLC raised its stake in 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 buying an additional 390 shares during the period. Clearstead Advisors LLC raised its stake in 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 buying an additional 400 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Gen Digital by 22.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,223 shares of the company’s stock valued at $60,000 after purchasing an additional 414 shares during the period. Finally, Tealwood Asset Management Inc. raised its stake in shares of Gen Digital by 0.5% in the 4th quarter. Tealwood Asset Management Inc. now owns 81,715 shares of the company’s stock valued at $2,222,000 after purchasing an additional 426 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.
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.