Insider Selling: Oscar B. Marx III Unloads 70,000 Shares of Gentherm Stock (THRM)
Gentherm (NASDAQ:THRM) Director Oscar B. Marx III sold 70,000 shares of the stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $49.96, for a total value of $3,497,200.00. Following the completion of the transaction, the director now directly owns 362,425 shares in the company, valued at approximately $18,106,753. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $48.17.
Shares of Gentherm (NASDAQ:THRM) traded down 0.31% on Wednesday, hitting $50.296. 84,947 shares of the company’s stock traded hands. Gentherm has a 1-year low of $16.52 and a 1-year 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 $1.784 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 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.
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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