Gentherm (NASDAQ:THRM) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Several other brokerages have also issued reports on THRM. FBR & Co reiterated a “buy” rating and set a $45.00 price target on shares of Gentherm in a report on Thursday, October 26th. Zacks Investment Research lowered Gentherm from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. TheStreet lowered Gentherm from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. ValuEngine lowered Gentherm from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, B. Riley reiterated a “buy” rating on shares of Gentherm in a report on Thursday, November 2nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $40.75.

Gentherm (NASDAQ:THRM) traded down $0.05 during trading hours on Tuesday, reaching $33.40. The company’s stock had a trading volume of 150,863 shares, compared to its average volume of 140,367. The stock has a market cap of $1,225.15, a PE ratio of 18.76, a PEG ratio of 1.03 and a beta of 1.94. The company has a current ratio of 3.23, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26. Gentherm has a 52 week low of $29.50 and a 52 week high of $40.80.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). The firm had revenue of $235.85 million for the quarter, compared to analyst estimates of $235.94 million. Gentherm had a net margin of 6.89% and a return on equity of 12.82%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 earnings per share. sell-side analysts forecast that Gentherm will post 1.62 EPS for the current year.

In related news, Director Maurice Ep Gunderson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $33.44, for a total value of $334,400.00. Following the completion of the sale, the director now directly owns 26,557 shares in the company, valued at approximately $888,066.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Erin Erwine Ascher sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total value of $70,280.00. Following the completion of the sale, the vice president now owns 29,161 shares of the company’s stock, valued at $1,024,717.54. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Riverhead Capital Management LLC lifted its holdings in Gentherm by 70.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock worth $106,000 after purchasing an additional 1,130 shares during the last quarter. First Bank & Trust lifted its holdings in shares of Gentherm by 4.3% during the second quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock worth $137,000 after buying an additional 144 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Gentherm by 12.7% during the second quarter. Victory Capital Management Inc. now owns 4,479 shares of the auto parts company’s stock worth $174,000 after buying an additional 504 shares during the last quarter. Tiedemann Wealth Management LLC lifted its holdings in shares of Gentherm by 16.2% during the third quarter. Tiedemann Wealth Management LLC now owns 31,328 shares of the auto parts company’s stock worth $192,000 after buying an additional 4,378 shares during the last quarter. Finally, Forward Management LLC lifted its holdings in shares of Gentherm by 6.0% during the second quarter. Forward Management LLC now owns 5,409 shares of the auto parts company’s stock worth $210,000 after buying an additional 305 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

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About Gentherm

Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.

Analyst Recommendations for Gentherm (NASDAQ:THRM)

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