Gentherm (NASDAQ:THRM) Rating Increased to Buy at Wall Street Zen

Key Points

• Gentherm has been upgraded from a "hold" rating to a "buy" rating by analysts at Wall Street Zen, reflecting positive sentiment about the stock's future performance.
• Other analysts, including Robert W. Baird, have raised their price targets for Gentherm, with the average consensus price target now set at $46.00.
• The company's most recent quarterly earnings report indicated a revenue of $375.09 million, slightly above estimates, despite a decline in earnings per share compared to the previous year.

Gentherm (NASDAQ:THRM - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Friday.

A number of other research firms have also recently commented on THRM. Robert W. Baird upped their price target on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, July 11th. Baird R W upgraded Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Zacks Research cut Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. increased 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.00.

Gentherm Stock Up 0.6%

NASDAQ:THRM opened at $36.06 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The stock's fifty day moving average is $33.24 and its two-hundred day moving average is $29.78. Gentherm has a 52 week low of $22.75 and a 52 week high of $51.00. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 35.35 and a beta of 1.42.

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

Insider Buying and Selling

In related news, SVP Barbara J. Runyon sold 3,348 shares of the stock in a transaction on Thursday, August 21st. The stock was 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 of the company's stock, valued at $1,090,423.12. This represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gentherm

Several hedge funds have recently made changes to their positions in THRM. FNY Investment Advisers LLC purchased a new position in shares of Gentherm during the first quarter worth about $26,000. Allworth Financial LP grew its holdings in shares of Gentherm by 1,609.1% during the second quarter. Allworth Financial LP now owns 940 shares of the auto parts company's stock worth $27,000 after purchasing an additional 885 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Gentherm during the first quarter worth about $28,000. Hantz Financial Services Inc. grew its holdings in shares of Gentherm by 16,716.7% during the second 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 last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Gentherm by 295.4% during the second 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 last quarter. Hedge funds and other 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.

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