Insider Selling: Kenneth John Phillips Sells 13,264 Shares of Gentherm Stock (THRM)
Gentherm (NASDAQ:THRM) VP Kenneth John Phillips sold 13,264 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $46.19, for a total value of $612,664.16. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link.
Gentherm (NASDAQ:THRM) opened at 46.44 on Monday. Gentherm has a one year low of $16.52 and a one year high of $49.23. The stock has a 50-day moving average of $45. and a 200-day moving average of $37.57. The company has a market cap of $1.647 billion and a P/E ratio of 30.98.
Gentherm (NASDAQ:THRM) last released its 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. Analysts expect that Gentherm will post $1.78 EPS for the current fiscal year.
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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price 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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