Weiss Ratings Reaffirms "Sell (D+)" Rating for Gentherm (NASDAQ:THRM)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D+)" rating for Gentherm (NASDAQ:THRM), reflecting concerns about the company's stock performance after its quarterly earnings missed consensus estimates.
• Despite the "Sell" rating from Weiss, Baird R W upgraded Gentherm from "hold" to "strong-buy" and increased the target price from $28 to $35, contributing to a consensus rating of "Moderate Buy" with an average target price of $46.00.
• Gentherm's stock performance has shown volatility, with a 1-year low of $22.75 and a high of $47.00, and the company reported a net margin of only 2.18% for the last quarter.

Gentherm (NASDAQ:THRM - Get Free Report)'s stock had its "sell (d+)" rating restated by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research analysts also recently issued reports on the company. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Zacks Research downgraded Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Robert W. Baird increased their target price 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. Wall Street Zen raised shares of Gentherm from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. increased 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 analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.

Gentherm Stock Performance

Gentherm stock opened at $34.85 on Wednesday. The business has a 50 day moving average of $35.07 and a 200-day moving average of $30.30. Gentherm has a 1 year low of $22.75 and a 1 year high of $47.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.35. The company has a market capitalization of $1.06 billion, a P/E ratio of 34.17 and a beta of 1.39.

Gentherm (NASDAQ:THRM - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $358.09 million. During the same period in the prior year, the company earned $0.66 EPS. The business's quarterly revenue was down .2% compared to the same quarter last year. Gentherm has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Gentherm will post 3.1 earnings per share for the current year.

Insider Activity

In other Gentherm 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Gentherm

Institutional investors and hedge funds have recently modified their holdings of the business. Trigran Investments Inc. lifted its holdings in shares of Gentherm by 11.0% in the 1st quarter. Trigran Investments Inc. now owns 2,210,388 shares of the auto parts company's stock worth $59,106,000 after purchasing an additional 219,450 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in shares of Gentherm by 23.5% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,109,383 shares of the auto parts company's stock worth $31,384,000 after purchasing an additional 211,300 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in shares of Gentherm by 4.3% in the 1st quarter. GW&K Investment Management LLC now owns 902,263 shares of the auto parts company's stock worth $24,126,000 after purchasing an additional 37,552 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Gentherm by 4.4% in the 2nd quarter. Geode Capital Management LLC now owns 762,709 shares of the auto parts company's stock worth $21,579,000 after purchasing an additional 32,140 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Gentherm by 32.3% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 679,879 shares of the auto parts company's stock worth $19,234,000 after purchasing an additional 166,057 shares in the last quarter. 97.13% of the stock is currently owned by 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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