Insider Selling: Gentherm VP Unloads 13,264 Shares of Stock (THRM)
Gentherm (NASDAQ:THRM) VP Greg Steinl sold 13,264 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 $49.85, for a total value of $661,210.40. Following the transaction, the vice president now directly owns 24,000 shares in the company, valued at approximately $1,196,400. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Gentherm (NASDAQ:THRM) traded down 0.14% during mid-day trading on Wednesday, hitting $50.38. 82,397 shares of the company’s stock traded hands. Gentherm has a 52 week low of $16.52 and a 52 week high of $50.63. The stock has a 50-day moving average of $46.23 and a 200-day moving average of $39.52. The company has a market cap of $1.787 billion and a P/E ratio of 33.66.
Gentherm (NASDAQ:THRM) last announced its earnings results 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. On average, analysts predict that Gentherm will post $1.79 earnings per share 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock 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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