An overview of Gen Digital Inc’s (GEN) institutional holdings

In yesterday’s Wall Street session, Gen Digital Inc (NASDAQ:GEN) shares traded at $19.28, up 1.47% from the previous session.

7 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 $22.00, we find $25.00. Given the previous closing price of $19.00, this indicates a potential upside of 31.58 percent. GEN stock price is now 6.31% away from the 50-day moving average and 3.96% away from the 200-day moving average. The market capitalization of the company currently stands at $12.35B.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"


The stock has received a hold rating from 3 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $24.75 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 $80.21 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 $4.55 million. Insiders disposed of 1,117,241 shares of company stock worth roughly $21.54 million over the past 1 year. A total of 9.49% of the company’s stock is owned by insiders.

On Friday morning Gen Digital Inc (NASDAQ: GEN) stock kicked off with the opening price of $19.15. 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 3.96, a current ratio of 0.44, and a quick ratio of 0.44. According to the stock market information, the enterprise value for the company is $21.28B, which is based on a 8.77 price-to-earnings ratio, a 0.72 price-to-earnings-growth ratio, and a beta of 0.81. The fifty day moving average price for GEN is $18.12 and a two-hundred day moving average price translates $18.53 for the stock.

The latest earnings results from Gen Digital Inc (NASDAQ: GEN) was released for Sep, 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 $0.12 EPS in the same period last year. The net profit margin was 37.54% and return on equity was 68.97% for GEN. The company reported revenue of $948.0 million for the quarter, compared to $748.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.74 percent. For the current quarter, analysts expect GEN to generate $945.1M in revenue.

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 security and performance products comprising that provide real-time protection for PCs, Macs and mobile devices against malware, viruses, adware, and other online threats; and Norton and LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers. The company also provides Dark Web Monitoring product, which looks for personal information of its members on the Dark Web; Avast Secure Identity that provides advanced identity protection including credit monitoring and alerts; LifeLock Home Title Protect that detects fraud and notifies members; and Norton Social Media Monitoring that help keep customers’ social media accounts safer by monitoring them for account takeovers, risky activity, and inappropriate content. In addition, it offers 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; Avira Security, a consumer-focused portfolio of cybersecurity and privacy solutions; 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.

Related Posts