Barbara Runyon Sells 3,348 Shares of Gentherm (NASDAQ:THRM) Stock

Key Points

• Barbara Runyon, Senior Vice President of Gentherm, sold 3,348 shares at an average price of $34.82, reducing her stake by 9.66% to a total of 31,316 shares valued at approximately $1.09 million.
• Gentherm reported earnings of $0.54 EPS for the last quarter, missing analyst estimates of $0.59, while revenue reached $375.09 million, exceeding projections.
• Analysts have mixed ratings on Gentherm's stock, with an average price target of $46.00 and several recent changes, including a downgrade from Zacks from "strong-buy" to "hold."

Gentherm Inc (NASDAQ:THRM - Get Free Report) SVP Barbara Runyon sold 3,348 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $34.82, for a total value of $116,577.36. Following the completion of the transaction, the senior vice president directly owned 31,316 shares in the company, valued at approximately $1,090,423.12. The trade was a 9.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Gentherm Stock Performance

Shares of NASDAQ:THRM traded up $0.25 during trading on Monday, reaching $36.76. The company had a trading volume of 267,545 shares, compared to its average volume of 312,029. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 36.04 and a beta of 1.45. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.35. The stock's fifty day moving average price is $31.49 and its 200 day moving average price is $29.65. Gentherm Inc has a fifty-two week low of $22.75 and a fifty-two week high of $51.73.

Gentherm (NASDAQ:THRM - Get Free Report) last released its earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). The company had revenue of $375.09 million during the quarter, compared to analyst estimates of $358.09 million. Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The company's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS. Gentherm has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Gentherm Inc will post 3.1 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Robert W. Baird lifted their price target on Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Zacks Research downgraded Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Baird R W upgraded Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Finally, Wall Street Zen downgraded Gentherm from a "buy" rating to a "hold" rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $46.00.

Hedge Funds Weigh In On Gentherm

Institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in Gentherm in the first quarter valued at $26,000. Allworth Financial LP increased its stake in Gentherm by 1,609.1% in the second quarter. Allworth Financial LP now owns 940 shares of the auto parts company's stock valued at $27,000 after purchasing an additional 885 shares during the last quarter. Versant Capital Management Inc acquired a new position in Gentherm in the first quarter valued at $28,000. Hantz Financial Services Inc. increased its stake in Gentherm by 16,716.7% in the second quarter. Hantz Financial Services Inc. now owns 1,009 shares of the auto parts company's stock valued at $29,000 after purchasing an additional 1,003 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Gentherm by 295.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company's stock valued at $39,000 after purchasing an additional 1,019 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.

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