Insider Selling: Gentherm VP Unloads 13,264 Shares of Stock (THRM)
Gentherm (NASDAQ:THRM) VP Kenneth John Phillips sold 13,264 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $46.19, for a total transaction of $612,664.16. Following the sale, the vice president now directly owns 37,750 shares of the company’s stock, valued at approximately $1,743,673. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on THRM shares. 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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $46.83.
Shares of Gentherm (NASDAQ:THRM) traded up 3.87% during mid-day trading on Thursday, hitting $47.00. 485,580 shares of the company’s stock traded hands. 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 $45.38 and its 200-day moving average is $37.35. The company has a market cap of $1.667 billion and a price-to-earnings ratio of 30.19.
Gentherm (NASDAQ:THRM) last announced its earnings results on Friday, August 1st. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 28.5% on a year-over-year basis. Analysts expect that Gentherm will post $1.74 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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