Gen Digital Inc (NASDAQ:GEN) shares traded 1.35% higher at $21.07 on Wall Street last session.
In accordance with the data, 9 analysts cover Gen Digital Inc (NASDAQ:GEN). 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 $26.00. Given the previous closing price of $20.79, this indicates a potential upside of 25.06 percent. GEN stock price is now 16.37% away from the 50-day moving average and 14.23% away from the 200-day moving average. The market capitalization of the company currently stands at $13.50B.
It has been rated a hold by 2 analysts and a buy by 5. Brokers who have rated the stock have averaged $25.40 as their price target over the next twelve months.
With the price target enhanced from $23 to $26, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight 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 $87.65 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 $4.97 million. Insiders disposed of 1,117,241 shares of company stock worth roughly $23.54 million over the past 1 year. A total of 9.49% of the company’s stock is owned by insiders.
Gen Digital Inc (NASDAQ: GEN) opened at $21.39 on Tuesday. 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 $22.26B, which is based on a 9.58 price-to-earnings ratio, a 0.76 price-to-earnings-growth ratio, and a beta of 0.87. The fifty day moving average price for GEN is $18.14 and a two-hundred day moving average price translates $18.44 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, inline with analysts’ expectations of $0.47. 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 $956.2M in revenue.
