Analysts Set Gentherm Inc (NASDAQ:THRM) Price Target at $46.00

Gentherm Inc (NASDAQ:THRM) has received an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $46.00.

Several research analysts have commented on THRM shares. Wall Street Zen upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Zacks Research downgraded Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gentherm in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Robert W. Baird raised their price target on shares of Gentherm from $28.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, July 11th.

Gentherm Trading Up 0.5%

THRM opened at $33.64 on Friday. The stock’s fifty day moving average is $35.17 and its two-hundred day moving average is $30.38. The company has a market capitalization of $1.03 billion, a P/E ratio of 32.98 and a beta of 1.39. Gentherm has a 52 week low of $22.75 and a 52 week high of $47.00. 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) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $358.09 million. Gentherm had a return on equity of 9.90% and a net margin of 2.18%.The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. Gentherm has set its FY 2025 guidance at EPS. Analysts forecast that Gentherm 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 firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $34.82, for a total value of $116,577.36. Following the completion of the sale, the senior vice president directly owned 31,316 shares in the company, valued at $1,090,423.12. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Institutional Trading of Gentherm

A number of institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC purchased a new position in Gentherm during the 1st quarter worth $26,000. Allworth Financial LP grew its stake 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 acquiring an additional 885 shares during the last quarter. Hantz Financial Services Inc. grew its stake 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 acquiring an additional 1,003 shares during the last quarter. Nisa Investment Advisors LLC increased 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 valued at $39,000 after acquiring an additional 1,019 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Gentherm by 455.8% during the second quarter. Parallel Advisors LLC now owns 1,434 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 1,176 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

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.