XPEL (NASDAQ:XPEL) Rating Increased to Buy at Wall Street Zen

Key Points

• XPEL's rating was upgraded from "hold" to "buy" by Wall Street Zen, reflecting increased confidence in the stock amidst mixed analyst opinions.
• The company reported earnings of $0.59 per share for the last quarter, exceeding expectations of $0.52 and indicating a 13.5% increase in revenue compared to the previous year.
• Institutional investors hold a significant 75.08% of XPEL's stock, with notable increases in holdings from multiple hedge funds over recent quarters.

XPEL (NASDAQ:XPEL - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Friday.

Separately, Zacks Research raised shares of XPEL to a "strong sell" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, XPEL has a consensus rating of "Sell".

XPEL Stock Performance

XPEL traded up $0.14 on Friday, reaching $35.90. The company had a trading volume of 183,968 shares, compared to its average volume of 138,831. The business has a 50 day simple moving average of $36.02 and a 200 day simple moving average of $33.86. The company has a market cap of $993.35 million, a price-to-earnings ratio of 20.40 and a beta of 1.67. XPEL has a 52-week low of $24.25 and a 52-week high of $47.23.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.07. The business had revenue of $124.71 million for the quarter, compared to the consensus estimate of $118.37 million. XPEL had a net margin of 10.84% and a return on equity of 21.17%. XPEL's quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. As a group, equities research analysts predict that XPEL will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake in shares of XPEL by 81.8% in the second quarter. PNC Financial Services Group Inc. now owns 851 shares of the company's stock worth $31,000 after buying an additional 383 shares during the period. Rhumbline Advisers increased its stake in shares of XPEL by 0.6% in the first quarter. Rhumbline Advisers now owns 63,606 shares of the company's stock worth $1,869,000 after buying an additional 389 shares during the period. Fiera Capital Corp increased its stake in shares of XPEL by 1.6% in the first quarter. Fiera Capital Corp now owns 32,500 shares of the company's stock worth $955,000 after buying an additional 500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of XPEL by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,375 shares of the company's stock worth $574,000 after buying an additional 511 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of XPEL by 12.1% in the first quarter. Victory Capital Management Inc. now owns 5,395 shares of the company's stock worth $159,000 after buying an additional 583 shares during the period. 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.