Gentherm (NASDAQ:THRM) Downgraded to Hold Rating by Zacks Research

Key Points

• Gentherm has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research, reflecting a shift in analysts' outlook on the stock.
• Despite the downgrade, some analysts, including those from JPMorgan Chase & Co. and Robert W. Baird, have raised price targets and given the stock ratings ranging from "buy" to "outperform."
• Gentherm's recent earnings report showed a miss on EPS estimates, reporting $0.54 compared to the expected $0.59, with year-over-year revenue showing a slight decline.

Zacks Research downgraded shares of Gentherm (NASDAQ:THRM - Free Report) from a strong-buy rating to a hold rating in a research report report published on Wednesday, August 20th,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Baird R W upgraded shares of Gentherm from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Wall Street Zen upgraded shares of Gentherm from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Robert W. Baird raised their price objective on shares of Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

Gentherm Stock Up 0.6%

Shares of Gentherm stock traded up $0.21 during trading hours on Wednesday, reaching $37.11. The company's stock had a trading volume of 63,940 shares, compared to its average volume of 312,440. Gentherm has a one year low of $22.75 and a one year high of $51.51. The company has a market capitalization of $1.13 billion, a P/E ratio of 36.37 and a beta of 1.45. The stock's fifty day simple moving average is $31.86 and its two-hundred day simple moving average is $29.70. 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 earnings results on Thursday, July 24th. The auto parts company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). The firm had revenue of $375.09 million during the quarter, compared to analysts' expectations of $358.09 million. Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. Gentherm has set its FY 2025 guidance at EPS. On average, research analysts forecast that Gentherm will post 3.1 earnings per share for the current year.

Insider Transactions at Gentherm

In related news, SVP Barbara J. Runyon sold 3,348 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $34.82, for a total value of $116,577.36. Following the transaction, the senior vice president owned 31,316 shares in the company, valued at $1,090,423.12. The trade was a 9.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gentherm

A number of hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in Gentherm during the 1st quarter valued at about $26,000. Allworth Financial LP increased its holdings in Gentherm by 1,609.1% in the 2nd quarter. Allworth Financial LP now owns 940 shares of the auto parts company's stock worth $27,000 after acquiring an additional 885 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Gentherm in the 1st quarter worth approximately $28,000. Hantz Financial Services Inc. boosted its stake in Gentherm by 16,716.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,009 shares of the auto parts company's stock worth $29,000 after purchasing an additional 1,003 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Gentherm by 295.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company's stock worth $39,000 after purchasing an additional 1,019 shares during the period. Institutional investors own 97.13% of the company's stock.

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.