Gentherm VP Sells $400,000 in Stock (THRM)
Gentherm (NASDAQ:THRM) VP David J. Bomzer sold 10,000 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $40.00, for a total transaction of $400,000.00. Following the transaction, the vice president now directly owns 38,750 shares of the company’s stock, valued at approximately $1,550,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Gentherm (NASDAQ:THRM) traded up 0.68% during mid-day trading on Tuesday, hitting $39.76. The stock had a trading volume of 427,860 shares. Gentherm has a 1-year low of $16.52 and a 1-year high of $41.30. The stock’s 50-day moving average is $35.86 and its 200-day moving average is $28.42. The company has a market cap of $1.402 billion and a price-to-earnings ratio of 33.64.
Gentherm (NASDAQ:THRM) last released its earnings data on Thursday, May 1st. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.18. The company had revenue of $193.94 million for the quarter, compared to the consensus estimate of $173.20 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 30.9% on a year-over-year basis. On average, analysts predict that Gentherm will post $1.68 earnings per share for the current fiscal year.
THRM has been the subject of a number of recent research reports. Analysts at Singular Research initiated coverage on shares of Gentherm in a research note on Monday. They set a “buy” rating and a $50.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Gentherm from $37.00 to $46.00 in a research note on Monday, May 5th. They now have a “buy” rating on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of Gentherm in a research note on Friday, May 2nd. They set a “market perform” rating and a $40.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Gentherm currently has an average rating of “Buy” and a consensus target price of $41.88.
Gentherm Inc, formerly Amerigon Incorporated, doing business as Gentherm, is a global developer and marketer of thermal management technologies for a range of heating and cooling and temperature control applications.
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