XPEL (NASDAQ:XPEL) Shares Down 5.9% – Here’s Why

XPEL, Inc. (NASDAQ:XPEL)’s share price was down 5.9% during trading on Tuesday . The company traded as low as $43.76 and last traded at $43.76. Approximately 65,417 shares changed hands during trading, a decline of 67% from the average daily volume of 197,225 shares. The stock had previously closed at $46.52.

Analysts Set New Price Targets

Several brokerages have recently weighed in on XPEL. Craig Hallum upgraded shares of XPEL from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. B. Riley raised XPEL from a “neutral” rating to a “buy” rating and raised their target price for the stock from $37.00 to $58.00 in a report on Friday, August 9th.

XPEL Stock Down 6.3 %

The stock has a market capitalization of $1.21 billion, a PE ratio of 25.41 and a beta of 1.85. The stock’s 50 day moving average price is $42.58 and its 200-day moving average price is $39.93.

XPEL (NASDAQ:XPEL) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The firm had revenue of $112.85 million during the quarter, compared to analyst estimates of $114.59 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, analysts forecast that XPEL, Inc. will post 1.73 earnings per share for the current year.

Insider Transactions at XPEL

In other news, Director Mike Klonne sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $43.00, for a total transaction of $215,000.00. Following the sale, the director now directly owns 50,008 shares in the company, valued at approximately $2,150,344. This represents a 9.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Pape sold 20,000 shares of XPEL stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $42.64, for a total value of $852,800.00. Following the completion of the transaction, the chief executive officer now owns 1,105,607 shares of the company’s stock, valued at approximately $47,143,082.48. This represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

Hedge Funds Weigh In On XPEL

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in XPEL by 190.4% during the 3rd quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $34,000 after buying an additional 514 shares in the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of XPEL during the second quarter valued at approximately $50,000. Quantbot Technologies LP purchased a new stake in shares of XPEL in the third quarter valued at approximately $64,000. nVerses Capital LLC grew its stake in XPEL by 1,800.0% in the second quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock worth $68,000 after purchasing an additional 1,800 shares in the last quarter. Finally, National Bank of Canada FI purchased a new position in XPEL during the 3rd quarter worth $71,000. 75.08% of the stock is owned by hedge funds and other institutional investors.

About XPEL

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.