Roth Mkm Has Lowered Expectations for Gentherm (NASDAQ:THRM) Stock Price

Gentherm (NASDAQ:THRM) had its target price lowered by research analysts at Roth Mkm from $44.00 to $39.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the auto parts company’s stock. Roth Mkm’s price objective points to a potential upside of 34.33% from the stock’s current price.

Several other brokerages have also recently issued reports on THRM. Stifel Nicolaus initiated coverage on Gentherm in a research report on Monday, February 23rd. They set a “buy” rating and a $41.00 target price on the stock. Wall Street Zen cut Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Loop Capital set a $38.00 target price on Gentherm in a research note on Wednesday, February 25th. Argus upgraded shares of Gentherm to a “hold” rating in a report on Friday, February 27th. Finally, Weiss Ratings lowered shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.40.

Gentherm Stock Up 5.5%

Shares of NASDAQ:THRM traded up $1.50 during trading hours on Monday, hitting $29.03. The company’s stock had a trading volume of 197,396 shares, compared to its average volume of 268,156. Gentherm has a 52 week low of $22.75 and a 52 week high of $39.48. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.92 and a quick ratio of 1.30. The company has a market capitalization of $886.35 million, a price-to-earnings ratio of 47.67 and a beta of 1.31. The firm’s fifty day moving average price is $32.69 and its 200 day moving average price is $34.84.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, February 19th. The auto parts company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). The business had revenue of $382.79 million for the quarter, compared to the consensus estimate of $371.91 million. Gentherm had a net margin of 1.22% and a return on equity of 10.07%. Gentherm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 earnings per share. As a group, research analysts expect that Gentherm will post 3.1 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its stake in Gentherm by 20.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,641 shares of the auto parts company’s stock valued at $56,000 after buying an additional 277 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Gentherm by 8.9% during the third quarter. GAMMA Investing LLC now owns 3,710 shares of the auto parts company’s stock valued at $126,000 after acquiring an additional 304 shares in the last quarter. Amalgamated Bank raised its position in shares of Gentherm by 3.4% in the 3rd quarter. Amalgamated Bank now owns 9,165 shares of the auto parts company’s stock valued at $312,000 after purchasing an additional 304 shares during the last quarter. Caxton Associates LLP boosted its stake in Gentherm by 4.7% in the 3rd quarter. Caxton Associates LLP now owns 8,294 shares of the auto parts company’s stock worth $282,000 after purchasing an additional 372 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Gentherm by 160.3% during the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 500 shares during the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.