Oscar B. Marx III Sells 60,000 Shares of Gentherm Stock (THRM)
Gentherm (NASDAQ:THRM) Director Oscar B. Marx III sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $45.60, for a total transaction of $2,736,000.00. Following the completion of the sale, the director now directly owns 422,425 shares of the company’s stock, valued at approximately $19,262,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on THRM. 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $46.83.
Shares of Gentherm (NASDAQ:THRM) traded up 1.13% during mid-day trading on Monday, hitting $46.965. The stock had a trading volume of 19,063 shares. Gentherm has a 1-year low of $16.52 and a 1-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 $1.666 billion and a P/E ratio of 30.98.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.46 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.15 earnings per share. Gentherm’s revenue was up 28.5% compared to the same quarter last year. Analysts expect that Gentherm will post $1.78 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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