Insider Selling: Gentherm Director Unloads 10,000 Shares of Stock (THRM)
Gentherm (NASDAQ:THRM) Director Oscar B. Marx III unloaded 10,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $41.17, for a total transaction of $411,700.00. Following the completion of the transaction, the director now directly owns 472,425 shares of the company’s stock, valued at approximately $19,449,737. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Singular Research initiated coverage on shares of Gentherm in a research note on Monday, May 12th. 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Gentherm currently has a consensus rating of “Buy” and a consensus target price of $41.88.
Gentherm (NASDAQ:THRM) traded down 3.38% on Monday, hitting $39.74. The stock had a trading volume of 906,363 shares. Gentherm has a 52-week low of $16.52 and a 52-week high of $43.99. The stock’s 50-day moving average is $38.32 and its 200-day moving average is $30.09. The company has a market cap of $1.402 billion and a price-to-earnings ratio of 35.03.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings results 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. Analysts expect that Gentherm will post $1.58 EPS for the current fiscal year.
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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