Gentherm Inc (NASDAQ:THRM) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Gentherm Inc has received an average recommendation of "Moderate Buy" from six research firms, with a 1-year price target of $46.00.
• Insider selling has occurred, with SVP Barbara J. Runyon selling 3,348 shares at an average price of $34.82, representing a decline in her ownership by approximately 9.66%.
• Institutional investors own 97.13% of Gentherm's stock, with significant increases in holdings from several firms during the first quarter.

Gentherm Inc (NASDAQ:THRM - Get Free Report) has received an average recommendation of "Moderate Buy" from the six research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $46.00.

Several analysts have issued reports on THRM shares. Wall Street Zen upgraded Gentherm from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Baird R W upgraded Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. upped their price objective on Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Zacks Research cut Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Finally, Robert W. Baird upped their price objective on Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, July 11th.

Insider Buying and Selling at Gentherm

In other news, SVP Barbara J. Runyon sold 3,348 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $34.82, for a total transaction of $116,577.36. Following the sale, the senior vice president directly owned 31,316 shares in the company, valued at approximately $1,090,423.12. This represents a 9.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company's stock.

Institutional Trading of Gentherm

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cerity Partners LLC raised its position in shares of Gentherm by 89.9% during the 1st quarter. Cerity Partners LLC now owns 52,505 shares of the auto parts company's stock worth $1,404,000 after purchasing an additional 24,857 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Gentherm by 12.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company's stock worth $424,000 after purchasing an additional 1,676 shares during the period. GAMMA Investing LLC raised its position in shares of Gentherm by 332.4% during the 1st quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock worth $56,000 after purchasing an additional 1,619 shares during the period. SG Americas Securities LLC raised its position in shares of Gentherm by 22.9% during the 1st quarter. SG Americas Securities LLC now owns 17,291 shares of the auto parts company's stock worth $462,000 after purchasing an additional 3,223 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Gentherm by 10.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,616 shares of the auto parts company's stock worth $525,000 after purchasing an additional 1,818 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Trading Down 2.1%

Shares of THRM opened at $33.48 on Friday. The stock has a 50-day moving average price of $35.14 and a 200 day moving average price of $30.34. Gentherm has a one year low of $22.75 and a one year high of $47.00. The company has a market capitalization of $1.02 billion, a P/E ratio of 32.82 and a beta of 1.39. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 2.01.

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

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.

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