In yesterday’s Wall Street session, Gen Digital Inc. (NASDAQ:GEN) shares traded at $20.16, down -2.61% from the previous session.
8 analysts cover Gen Digital Inc. (NASDAQ:GEN), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $21.00, we find $23.00. Given the previous closing price of $20.70, this indicates a potential upside of 11.11 percent. GEN stock price is now 4.60% away from the 50-day moving average and 2.64% away from the 200-day moving average. The market capitalization of the company currently stands at $12.76B.
The stock has received a hold rating from 3 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $23.50 as their price target over the next twelve months.
With the price target of $27, Evercore ISI recently initiated with Outperform rating for Gen Digital Inc. (NASDAQ: GEN).
In other news, Vlcek Ondrej, President bought 300,000 shares of the company’s stock on May 17. The stock was bought for $4,737,000 at an average price of $15.79. Upon completion of the transaction, the President now directly owns 4,160,061 shares in the company, valued at $83.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16, CFO DERSE NATALIE MARIE sold 1,033 shares of the business’s stock. A total of $21,796 was realized by selling the stock at an average price of $21.10. This leaves the insider owning 235,863 shares of the company worth $4.75 million. Insiders disposed of 783,820 shares of company stock worth roughly $15.8 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 MARSHALL WACE, LLP during the first quarter worth $32,952,000. CAPTION MANAGEMENT, LLC invested $5,645,000 in shares of GEN during the first quarter. In the first quarter, KBC GROUP NV acquired a new stake in Gen Digital Inc. valued at approximately $3,422,000. INTACT INVESTMENT MANAGEMENT INC. acquired a new stake in GEN for approximately $3,284,000. ALASKA PERMANENT FUND CORP purchased a new stake in GEN valued at around $2,637,000 in the second quarter. In total, there are 863 active investors with 85.70% ownership of the company’s stock.
During the past 12 months, Gen Digital Inc. has had a low of $15.45 and a high of $23.92. As of last week, the company has a debt-to-equity ratio of 4.09, a current ratio of 0.40, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $21.88B, which is based on a 9.68 price-to-earnings ratio, a 0.81 price-to-earnings-growth ratio, and a beta of 0.79. The fifty day moving average price for GEN is $19.31 and a two-hundred day moving average price translates $19.63 for the stock.
The latest earnings results from Gen Digital Inc. (NASDAQ: GEN) was released for Jun, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.47, beating analysts’ expectations of $0.46 by 0.01. This compares to $0.33 EPS in the same period last year. The net profit margin was 37.40% and return on equity was 70.90% for GEN. The company reported revenue of $946.0 million for the quarter, compared to $707.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.8 percent. For the current quarter, analysts expect GEN to generate $945.1M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/13/2023. Investors who held shares on 08/21/2023 were paid a $0.125 dividend. On an annualized basis, this represents a $0.50 dividend and a 2.48% percent yield. There was an ex-dividend date of 08/18/2023 for this dividend. In terms of dividend payout ratio, GEN is presently at 23.90%.
