Analysts Set Gentherm Inc (NASDAQ:THRM) Price Target at $46.00

Key Points

• Gentherm Inc has received an average rating of "Moderate Buy" from five research firms, with a consensus 12-month price target of $46.00.
• The company reported $0.54 EPS for the last quarter, missing estimates by $0.05, while revenues were $375.09 million, exceeding expectations.
• Gentherm's stock has seen notable analyst rating changes, with recent upgrades from multiple firms, reflecting growing investor interest and confidence in the company's prospects.

Gentherm Inc (NASDAQ:THRM - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $46.00.

THRM has been the topic of several recent analyst reports. Robert W. Baird boosted their target price on shares of Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Zacks Research lowered shares of Gentherm from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. boosted their price target on shares of Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Wall Street Zen upgraded shares of Gentherm from a "hold" rating to a "buy" rating in a research note on Friday, September 5th.

Gentherm Stock Down 3.9%

Shares of THRM traded down $1.43 during mid-day trading on Tuesday, reaching $35.00. The company's stock had a trading volume of 657,593 shares, compared to its average volume of 206,063. The stock has a market cap of $1.07 billion, a PE ratio of 34.31 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.35. Gentherm has a 12-month low of $22.75 and a 12-month high of $50.64. The company's 50 day moving average is $34.31 and its 200 day moving average is $29.96.

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

Insider Buying and Selling at Gentherm

In related news, SVP Barbara J. Runyon sold 3,348 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $34.82, for a total transaction of $116,577.36. Following the transaction, the senior vice president directly owned 31,316 shares of the company's stock, valued at $1,090,423.12. This trade represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE lifted its position in Gentherm by 20.2% in the first quarter. US Bancorp DE now owns 3,364 shares of the auto parts company's stock worth $90,000 after buying an additional 565 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Gentherm by 3.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 20,247 shares of the auto parts company's stock valued at $573,000 after purchasing an additional 631 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Gentherm by 0.7% during the 1st quarter. Rhumbline Advisers now owns 91,414 shares of the auto parts company's stock worth $2,444,000 after purchasing an additional 656 shares during the period. Allworth Financial LP boosted its stake in shares of Gentherm by 1,609.1% in the 2nd quarter. Allworth Financial LP now owns 940 shares of the auto parts company's stock valued at $27,000 after buying an additional 885 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Gentherm by 7.4% during the 2nd quarter. Inspire Investing LLC now owns 13,734 shares of the auto parts company's stock worth $389,000 after acquiring an additional 941 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

About Gentherm

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.