Gentherm VP Sells $455,900 in Stock (THRM)
Gentherm (NASDAQ:THRM) VP Greg Steinl sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $45.59, for a total transaction of $455,900.00. Following the completion of the sale, the vice president now directly owns 27,264 shares in the company, valued at approximately $1,242,966. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Singular Research raised their price target on shares of Gentherm from $50.00 to $52.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Gentherm from $57.00 to $58.00 in a research note on Tuesday, August 5th. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Gentherm in a research note on Wednesday, July 23rd. They set an “overweight” rating and a $57.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $46.83.
Gentherm (NASDAQ:THRM) traded up 3.87% on Thursday, hitting $47.00. The stock had a trading volume of 485,580 shares. Gentherm has a one year low of $16.52 and a one year high of $49.23. The stock’s 50-day moving average is $45.51 and its 200-day moving average is $37.42. The company has a market cap of $1.667 billion and a price-to-earnings ratio of 30.19.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. The company had revenue of $206.20 million for the quarter, compared to the consensus estimate of $190.52 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 28.5% on a year-over-year basis. On average, analysts predict that Gentherm will post $1.74 earnings per share 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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