XPEL (NASDAQ:XPEL) Shares Down 5.9% – Time to Sell?

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

Analyst Upgrades and Downgrades

XPEL has been the subject of several analyst reports. Craig Hallum raised shares of XPEL from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. B. Riley raised shares of XPEL from a “neutral” rating to a “buy” rating and increased their target price for the company from $37.00 to $58.00 in a research report on Friday, August 9th.

XPEL Stock Performance

The company has a 50 day moving average of $42.58 and a two-hundred day moving average of $39.93. The stock has a market capitalization of $1.21 billion, a PE ratio of 25.41 and a beta of 1.85.

XPEL (NASDAQ:XPEL) last issued its quarterly earnings results 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. The business had revenue of $112.85 million for the quarter, compared to analyst estimates of $114.59 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 earnings per share. As a group, research analysts predict that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

Insider Buying and Selling at XPEL

In other XPEL news, CEO Ryan Pape sold 20,000 shares of XPEL stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $42.64, for a total transaction of $852,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,105,607 shares in the company, valued at approximately $47,143,082.48. The trade was a 1.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mike Klonne sold 5,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00. Following the completion of the sale, the director now owns 50,008 shares in the company, valued at $2,150,344. The trade was a 9.09 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On XPEL

Several institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP grew its position in XPEL by 4.5% during the third quarter. Wasatch Advisors LP now owns 3,932,402 shares of the company’s stock valued at $170,548,000 after buying an additional 170,265 shares during the period. Vanguard Group Inc. raised its holdings in XPEL by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 1,497,929 shares of the company’s stock worth $80,918,000 after purchasing an additional 22,180 shares during the period. State Street Corp grew its holdings in XPEL by 4.0% in the third quarter. State Street Corp now owns 842,141 shares of the company’s stock valued at $36,524,000 after purchasing an additional 32,188 shares during the period. Geode Capital Management LLC increased its position in shares of XPEL by 4.7% in the third quarter. Geode Capital Management LLC now owns 571,880 shares of the company’s stock valued at $24,807,000 after buying an additional 25,526 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. raised its stake in shares of XPEL by 46.3% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 512,000 shares of the company’s stock worth $18,207,000 after buying an additional 162,000 shares during the period. 75.08% of the stock is owned by hedge funds and other institutional investors.

XPEL Company Profile

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.