XPEL (NASDAQ:XPEL) Stock Falls 6.5% - Should You Sell?

Key Points

• XPEL shares fell 6.5% to approximately $41.95, trading below both its 50-day and 200-day moving averages.
• Analysts remain generally positive, with a consensus rating of “Moderate Buy” and an average price target of $65; B. Riley recently raised its target from $55 to $65.
• XPEL exceeded quarterly expectations, reporting $0.68 in earnings per share and $143.05 million in revenue, up 14.7% year over year. Institutional investors own approximately 75.08% of the company.

Shares of XPEL, Inc. (NASDAQ:XPEL - Get Free Report) traded down 6.5% on Tuesday. The stock traded as low as $42.10 and last traded at $41.95. Approximately 186,527 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 236,041 shares. The stock had previously closed at $44.85.

Analysts Set New Price Targets

XPEL has been the subject of a number of research analyst reports. Freedom Capital raised shares of XPEL from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Weiss Ratings upgraded XPEL from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Finally, B. Riley Financial boosted their target price on XPEL from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $65.00.

XPEL Stock Down 4.1%

The firm has a fifty day moving average of $45.97 and a 200-day moving average of $46.22. The company has a quick ratio of 1.14, a current ratio of 2.61 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.19 billion, a P/E ratio of 21.83 and a beta of 1.18.

XPEL (NASDAQ:XPEL - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.08. XPEL had a net margin of 10.77% and a return on equity of 18.98%. The business had revenue of $143.05 million during the quarter, compared to analysts' expectations of $135.09 million. During the same period last year, the business earned $0.59 earnings per share. The firm's revenue was up 14.7% on a year-over-year basis. On average, equities research analysts anticipate that XPEL, Inc. will post 2.12 earnings per share for the current year.

Institutional Investors Weigh In On XPEL

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in XPEL in the second quarter valued at about $190,144,000. SCS Capital Management LLC bought a new position in shares of XPEL in the second quarter worth about $61,580,000. William Blair Investment Management LLC bought a new position in shares of XPEL in the second quarter worth about $15,236,000. Polar Asset Management Partners Inc. bought a new stake in shares of XPEL during the 2nd quarter valued at approximately $10,466,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of XPEL during the 2nd quarter valued at approximately $6,868,000. Institutional investors and hedge funds own 75.08% of the company's stock.

XPEL Company Profile

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