XPEL (NASDAQ:XPEL) Upgraded to "Hold" at Zacks Research

Key Points

• XPEL has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, indicating a more stable outlook for the company.
• The company reported quarterly earnings of $0.59 per share, exceeding analysts' expectations of $0.52, with revenue reaching $124.71 million, a 13.5% increase year-over-year.
• Institutional investors hold 75.08% of XPEL's stock, with significant increases in holdings reported by several firms during the first quarter.

XPEL (NASDAQ:XPEL - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts have also commented on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of XPEL in a research report on Saturday, September 27th. Wall Street Zen raised shares of XPEL from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, XPEL has an average rating of "Hold".

XPEL Price Performance

NASDAQ:XPEL opened at $33.78 on Monday. The firm has a 50 day simple moving average of $35.12 and a 200-day simple moving average of $34.05. The firm has a market cap of $934.69 million, a PE ratio of 19.19 and a beta of 1.68. XPEL has a 1-year low of $24.25 and a 1-year high of $47.23.

XPEL (NASDAQ:XPEL - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $118.37 million. XPEL had a net margin of 10.84% and a return on equity of 21.17%. The company's revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. As a group, sell-side analysts expect that XPEL will post 1.73 earnings per share for the current fiscal year.

Institutional Trading of XPEL

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in shares of XPEL by 11,892.7% in the 1st quarter. GAMMA Investing LLC now owns 98,100 shares of the company's stock worth $2,882,000 after acquiring an additional 97,282 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of XPEL by 1.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 161,433 shares of the company's stock worth $4,743,000 after acquiring an additional 2,719 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of XPEL by 10.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,758 shares of the company's stock worth $228,000 after acquiring an additional 748 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of XPEL by 18.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 33,337 shares of the company's stock worth $979,000 after acquiring an additional 5,284 shares during the period. Finally, Schwartz Investment Counsel Inc. increased its holdings in shares of XPEL by 44.2% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 774,339 shares of the company's stock worth $22,750,000 after acquiring an additional 237,339 shares during the period. 75.08% of the stock is owned by institutional investors and hedge funds.

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.

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