Gentherm (NASDAQ:THRM) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Gentherm's stock price has surpassed its two-hundred day moving average, ending at $35.22 with a significant trading volume of 112,590 shares.
• Analysts have varied opinions on Gentherm, with the consensus rating at "Moderate Buy" and an average price target of $46.00.
• Despite missing EPS estimates in its recent earnings report, the company reported a revenue of $375.09 million, exceeding expectations.

Gentherm Inc (NASDAQ:THRM - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $30.05 and traded as high as $35.34. Gentherm shares last traded at $35.22, with a volume of 112,590 shares changing hands.

Analyst Upgrades and Downgrades

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. Robert W. Baird boosted 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. JPMorgan Chase & Co. upped their price objective on shares of Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Zacks Research downgraded shares of Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Finally, Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. One research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $46.00.

Gentherm Stock Performance

The company has a 50-day moving average price of $34.75 and a two-hundred day moving average price of $30.05. The stock has a market capitalization of $1.07 billion, a P/E ratio of 34.53 and a beta of 1.42. The company has a quick ratio of 1.35, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $375.09 million during the quarter, compared to the consensus estimate of $358.09 million. Gentherm had a net margin of 2.18% and a return on equity of 9.90%. Gentherm's revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. Gentherm has set its FY 2025 guidance at EPS. Equities analysts expect that Gentherm Inc will post 3.1 earnings per share for the current year.

Insider Buying and Selling

In other Gentherm news, SVP Barbara J. Runyon sold 3,348 shares of the business'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 approximately $1,090,423.12. The trade was a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gentherm

Several large investors have recently made changes to their positions in the business. Allworth Financial LP increased its position in Gentherm by 1,609.1% during the second quarter. Allworth Financial LP now owns 940 shares of the auto parts company's stock valued at $27,000 after acquiring an additional 885 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Gentherm in the first quarter worth approximately $26,000. Hantz Financial Services Inc. increased its holdings in Gentherm by 16,716.7% during 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. Versant Capital Management Inc bought a new position in shares of Gentherm in the 1st quarter worth $28,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of 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 in the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

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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