Gentherm Incorporated (NASDAQ:THRM) Receives $64.67 Average PT from Brokerages

Posted by Defense World Staff on Oct 20th, 2023

Shares of Gentherm Incorporated (NASDAQ:THRM – Get Free Report) have been assigned a consensus rating of “Hold” from the four research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $64.67.

A number of equities analysts recently issued reports on THRM shares. StockNews.com started coverage on shares of Gentherm in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Robert W. Baird lowered shares of Gentherm from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $73.00 to $65.00 in a research report on Tuesday, July 11th. Finally, Argus dropped their target price on shares of Gentherm from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, August 28th.

View Our Latest Report on Gentherm

Gentherm Price Performance

Shares of Gentherm stock opened at $52.51 on Tuesday. The firm has a fifty day simple moving average of $57.00 and a 200-day simple moving average of $57.52. The company has a current ratio of 2.31, a quick ratio of 1.63 and a debt-to-equity ratio of 0.32. Gentherm has a 1-year low of $51.95 and a 1-year high of $76.13. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 150.03 and a beta of 1.35.

Gentherm (NASDAQ:THRM – Get Free Report) last announced its earnings results on Tuesday, August 1st. The auto parts company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Gentherm had a net margin of 0.85% and a return on equity of 11.25%. The business had revenue of $372.30 million for the quarter, compared to analyst estimates of $368.93 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Gentherm’s revenue was up 42.8% compared to the same quarter last year. On average, sell-side analysts expect that Gentherm will post 2.53 earnings per share for the current year.

Insider Buying and Selling at Gentherm

In other Gentherm news, CAO Breisacher Nicholas sold 400 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $64.89, for a total value of $25,956.00. Following the sale, the chief accounting officer now owns 1,983 shares of the company’s stock, valued at approximately $128,676.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Gentherm news, CAO Breisacher Nicholas sold 400 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $64.89, for a total value of $25,956.00. Following the sale, the chief accounting officer now owns 1,983 shares of the company’s stock, valued at approximately $128,676.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Wayne S. Kauffman III sold 2,605 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $59.86, for a total transaction of $155,935.30. Following the completion of the sale, the senior vice president now directly owns 13,195 shares in the company, valued at approximately $789,852.70. The disclosure for this sale can be found here. Insiders have sold 6,005 shares of company stock valued at $352,321 in the last 90 days. 1.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gentherm

Institutional investors and hedge funds have recently made changes to their positions in the company. Guinness Atkinson Asset Management Inc boosted its stake in shares of Gentherm by 2.5% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 24,708 shares of the auto parts company’s stock valued at $1,396,000 after purchasing an additional 608 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Gentherm by 182.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 82,043 shares of the auto parts company’s stock worth $4,636,000 after buying an additional 53,038 shares in the last quarter. Raymond James & Associates lifted its position in Gentherm by 20.0% during the 1st quarter. Raymond James & Associates now owns 92,022 shares of the auto parts company’s stock worth $5,560,000 after buying an additional 15,343 shares in the last quarter. SG Americas Securities LLC acquired a new position in Gentherm during the 1st quarter worth about $301,000. Finally, MQS Management LLC acquired a new position in Gentherm during the 1st quarter worth about $242,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

About Gentherm

(Get Free Report

Gentherm, Inc engages in the designing, development, manufacturing, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Medical. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.