Insider Selling: Gentherm Director Sells 60,000 Shares of Stock (THRM)
Gentherm (NASDAQ:THRM) Director Oscar B. Marx III unloaded 60,000 shares of Gentherm stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $45.60, for a total value of $2,736,000.00. Following the completion of the transaction, the director now directly owns 422,425 shares in the company, valued at approximately $19,262,580. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of 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 52 week low of $16.52 and a 52 week 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 P/E ratio of 30.19.
Gentherm (NASDAQ:THRM) last announced its earnings results 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. Analysts expect that Gentherm will post $1.74 EPS for the current fiscal year.
THRM has been the subject of a number of recent research reports. 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 stock presently has an average rating of “Buy” and an average price target of $46.83.
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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