Gentherm VP Sells $701,250 in Stock (THRM)
Gentherm (NASDAQ:THRM) VP Kenneth John Phillips unloaded 15,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $46.75, for a total value of $701,250.00. Following the completion of the sale, the vice president now directly owns 35,250 shares in the company, valued at approximately $1,647,938. 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 2.62% during mid-day trading on Tuesday, hitting $47.86. The stock had a trading volume of 827,113 shares. Gentherm has a 52-week low of $16.52 and a 52-week high of $49.23. The stock has a 50-day moving average of $45.80 and a 200-day moving average of $38.69. The company has a market cap of $1.697 billion and a P/E ratio of 31.11.
Gentherm (NASDAQ:THRM) last released its 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. On average, analysts predict that Gentherm will post $1.79 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Argus raised their price target on shares of Gentherm from $46.00 to $54.00 in a research note on Tuesday, August 19th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Gentherm has an average rating of “Buy” and a consensus price target of $48.17.
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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