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 dated Tuesday, September 2nd. The shares were sold at an average price of $50.37, for a total value of $503,700.00. Following the transaction, the chief financial officer now directly owns 41,544 shares of the company’s stock, valued at approximately $2,092,571. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Gentherm (NASDAQ:THRM) traded down 0.22% on Wednesday, hitting $50.34. The stock had a trading volume of 85,047 shares. Gentherm has a 52 week low of $16.52 and a 52 week high of $50.63. 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 $1.785 billion and a price-to-earnings ratio of 33.66.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 28.5% on a year-over-year basis. Analysts expect that Gentherm will post $1.79 EPS 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average 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.