Gentherm Inc. (THRM) Stock Price Up 3.9%
Gentherm Inc. (NASDAQ:THRM) shares rose 3.9% during trading on Tuesday . The company traded as high as $32.95 and last traded at $32.84, with a volume of 203,335 shares trading hands. The stock had previously closed at $31.61.
THRM has been the topic of a number of recent research reports. FBR & Co decreased their price objective on Gentherm from $49.00 to $42.00 and set a “market perform” rating on the stock in a research report on Friday, July 29th. Zacks Investment Research upgraded Gentherm from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Tuesday, May 3rd. Buckingham Research lowered Gentherm from a “buy” rating to a “neutral” rating in a research report on Friday, July 29th. Roth Capital lowered Gentherm from a “buy” rating to a “neutral” rating and increased their price objective for the company from $33.00 to $53.00 in a research report on Friday, July 29th. Finally, Barrington Research lowered Gentherm from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $45.00.
The company has a market cap of $1.21 billion and a P/E ratio of 13.95. The firm’s 50-day moving average price is $34.06 and its 200-day moving average price is $37.67.
Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $232.72 million for the quarter, compared to the consensus estimate of $240.54 million. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.54 EPS. On average, analysts forecast that Gentherm Inc. will post $1.99 earnings per share for the current year.
In other Gentherm news, VP Erin Erwine Ascher sold 1,009 shares of the business’s stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $36.89, for a total transaction of $37,222.01. Following the completion of the transaction, the vice president now directly owns 12,600 shares in the company, valued at $464,814. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Darren Schumacher sold 16,011 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $37.74, for a total transaction of $604,255.14. Following the transaction, the vice president now owns 21,666 shares of the company’s stock, valued at $817,674.84. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Gentherm stock. Principal Financial Group Inc. boosted its stake in shares of Gentherm Inc. (NASDAQ:THRM) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,225 shares of the company’s stock after buying an additional 11,549 shares during the period. Principal Financial Group Inc. owned about 0.67% of Gentherm worth $11,528,000 at the end of the most recent reporting period.
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.
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