Insider Selling: Gentherm CFO Sells 10,000 Shares of Stock (THRM)
Gentherm (NASDAQ:THRM) CFO Barry G. Steele unloaded 10,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $48.50, for a total value of $485,000.00. Following the completion of the sale, the chief financial officer now directly owns 41,544 shares in the company, valued at approximately $2,014,884. The sale was disclosed in a document filed with the SEC, which is available at this link.
Gentherm (NASDAQ:THRM) traded up 1.03% on Friday, hitting $48.85. 360,978 shares of the company’s stock traded hands. 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 $46.12 and a 200-day moving average of $39.1. The company has a market cap of $1.733 billion and a price-to-earnings ratio of 32.25.
Gentherm (NASDAQ:THRM) last issued its quarterly 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 $1.79 EPS for the current fiscal year.
A number of analysts have recently weighed in on THRM shares. 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price 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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