Gentherm (NASDAQ:THRM) Price Target Cut to $65.00 by Analysts at Craig Hallum

Gentherm (NASDAQ:THRM - Free Report) had its price objective cut by Craig Hallum from $85.00 to $65.00 in a report published on Thursday, Benzinga reports. They currently have a buy rating on the auto parts company's stock.

THRM has been the topic of a number of other reports. StockNews.com raised shares of Gentherm from a "hold" rating to a "buy" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. raised shares of Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 target price for the company in a research note on Monday, October 21st. Finally, Robert W. Baird dropped their price target on shares of Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $57.00.

Gentherm Trading Down 0.6 %

Gentherm stock traded down $0.25 during midday trading on Thursday, reaching $41.95. The stock had a trading volume of 367,650 shares, compared to its average volume of 184,245. The firm's fifty day simple moving average is $45.51 and its two-hundred day simple moving average is $49.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.46. Gentherm has a twelve month low of $38.21 and a twelve month high of $62.93. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 19.27 and a beta of 1.43.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. The business had revenue of $371.50 million for the quarter, compared to the consensus estimate of $372.89 million. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. Gentherm's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. Equities analysts anticipate that Gentherm will post 2.81 EPS for the current fiscal year.

Insider Activity at Gentherm

In other news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total transaction of $220,980.40. Following the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $7,395,313.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.91% of the company's stock.

Institutional Trading of Gentherm

Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Gentherm by 2,995.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 268,920 shares of the auto parts company's stock worth $15,484,000 after purchasing an additional 260,233 shares during the period. American Century Companies Inc. grew its position in Gentherm by 119.4% in the 2nd quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company's stock worth $12,783,000 after purchasing an additional 141,047 shares during the last quarter. Pembroke Management LTD increased its holdings in shares of Gentherm by 36.5% during the 1st quarter. Pembroke Management LTD now owns 273,827 shares of the auto parts company's stock worth $15,767,000 after purchasing an additional 73,227 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Gentherm by 265.7% during the second quarter. Harbor Capital Advisors Inc. now owns 94,247 shares of the auto parts company's stock valued at $4,648,000 after buying an additional 68,477 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Gentherm in the third quarter valued at about $2,658,000. 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.