The price of Gen Digital Inc. (NASDAQ:GEN) shares last traded on Wall Street fell -5.79% to $15.46.
Based on available information, 6 analysts follow Gen Digital Inc. (NASDAQ:GEN). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $21.00, we find $22.00. Given the previous closing price of $16.41, this indicates a potential upside of 34.06 percent. GEN stock price is now -9.86% away from the 50-day moving average and -26.09% away from the 200-day moving average. The market capitalization of the company currently stands at $10.45B.
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Among analysts, 2 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $22.00 as their price target over the next twelve months.
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In other news, DERSE NATALIE MARIE, CFO sold 1,033 shares of the company’s stock on Feb 16. The stock was sold for $21,796 at an average price of $21.10. Upon completion of the transaction, the CFO now directly owns 235,863 shares in the company, valued at $3.65 million. Insiders disposed of 351,598 shares of company stock worth roughly $5.44 million over the past 1 year. A total of 8.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GEN stock. A new stake in Gen Digital Inc. shares was purchased by CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. during the first quarter worth $12,185,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $8,214,000 in shares of GEN during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Gen Digital Inc. valued at approximately $8,114,000. OSTRUM ASSET MANAGEMENT acquired a new stake in GEN for approximately $6,010,000. INVENOMIC CAPITAL MANAGEMENT LP purchased a new stake in GEN valued at around $4,047,000 in the second quarter. In total, there are 893 active investors with 85.70% ownership of the company’s stock.
A candlestick chart of Gen Digital Inc. (NASDAQ: GEN) showed a price of $16.36 on Tuesday morning. During the past 12 months, Gen Digital Inc. has had a low of $15.52 and a high of $26.83. As of last week, the company has a debt-to-equity ratio of 7.68, a current ratio of 0.50, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $20.21B, which is based on a 17.10 price-to-earnings ratio, a 1.23 price-to-earnings-growth ratio, and a beta of 0.80. The fifty day moving average price for GEN is $17.08 and a two-hundred day moving average price translates $20.87 for the stock.
The latest earnings results from Gen Digital Inc. (NASDAQ: GEN) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.46, beating analysts’ expectations of $0.44 by 0.02. This compares to $0.34 EPS in the same period last year. The net profit margin was 19.00% and return on equity was 90.40% for GEN. The company reported revenue of $936.0 million for the quarter, compared to $702.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.33 percent. For the current quarter, analysts expect GEN to generate $945.5M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/14/2023. Investors who held shares on 05/22/2023 were paid a $0.125 dividend. On an annualized basis, this represents a $0.50 dividend and a 3.23% percent yield. There was an ex-dividend date of 05/19/2023 for this dividend. In terms of dividend payout ratio, GEN is presently at 49.20%.
Gen Digital Inc.(GEN) Company Profile
Gen Digital Inc. provides cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers Norton 360, an integrated platform provides extensive cyber safety coverage and a subscription service providing protection for PCs, Macs, and mobile devices against malware, viruses, adware, ransomware, and other online threats on various platforms; and Norton and LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers. The company also provides Norton Secure VPN solution, which enhances security and online privacy by providing an encrypted data tunnel; Privacy Monitor Assistant, an on-demand, white glove service where agents help members delete personal information from data brokers online; Home Title Protect product that detects fraud and notifies members; and Avira Security, a consumer-focused portfolio of cybersecurity and privacy solutions. It offers Dark Web Monitoring product, which looks for personal information of its Norton 360 members on the Dark Web; and Social Media Monitoring solution that helps to keep customers’ social media accounts safer by monitoring them for account takeovers, risky activity, and inappropriate content. The company also provides AntiTrack product, which helps to keep personal information and browsing activity private by blocking trackers and disguising digital fingerprints online; and Online Reputation Management solution that manages online search results, personal branding, and digital privacy. It markets and sells its products and related services through retailers, telecom service providers, hardware original equipment manufacturers, and employee benefit providers, as well as e-commerce platform. The company was formerly known as NortonLifeLock Inc. and changed its name to Gen Digital Inc. in November 2022. Gen Digital Inc. was founded in 1982 and is based in Tempe, Arizona.
