Gentherm Trading Down 4.2% Following Insider Selling (THRM)
Gentherm (NASDAQ:THRM)’s share price fell 4.2% on Wednesday following insider selling activity, AnalystRatings.NET reports. The company traded as low as $48.31 and last traded at $48.33, with a volume of 422,716 shares trading hands. The stock had previously closed at $50.45.
Specifically, CFO Barry G. Steele unloaded 10,000 shares of Gentherm stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $50.37, for a total value of $503,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Gentherm has a consensus rating of “Buy” and an average price target of $48.17.
The stock’s 50-day moving average is $46.23 and its 200-day moving average is $39.52. The company has a market cap of $1.722 billion and a price-to-earnings ratio of 33.66.
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. Analysts expect that Gentherm will post $1.79 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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