Exzeo Group (NYSE:XZO – Get Free Report)‘s stock had its “buy” rating reissued by research analysts at Truist Financial in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $24.00 price target on the stock, down from their previous price target of $25.00. Truist Financial‘s price target indicates a potential upside of 35.59% from the stock’s previous close.
Several other analysts have also recently weighed in on the stock. Weiss Ratings upgraded shares of Exzeo Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Zacks Research upgraded shares of Exzeo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 6th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Exzeo Group currently has a consensus rating of “Moderate Buy” and an average price target of $25.50.
Check Out Our Latest Stock Analysis on Exzeo Group
Exzeo Group Price Performance
NYSE XZO traded down $0.57 on Tuesday, reaching $17.70. The stock had a trading volume of 32,918 shares, compared to its average volume of 226,801. The firm has a fifty day moving average of $16.26 and a two-hundred day moving average of $16.01. Exzeo Group has a 1-year low of $12.36 and a 1-year high of $24.60. The company has a market cap of $1.59 billion and a P/E ratio of 18.09.
Exzeo Group (NYSE:XZO – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%. The company had revenue of $56.29 million during the quarter. During the same period in the prior year, the business posted $0.26 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts predict that Exzeo Group will post 0.98 EPS for the current fiscal year.
Institutional Trading of Exzeo Group
Institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its stake in Exzeo Group by 13.8% during the first quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock worth $10,317,000 after purchasing an additional 85,126 shares during the last quarter. Whetstone Capital Advisors LLC increased its stake in shares of Exzeo Group by 31.6% in the second quarter. Whetstone Capital Advisors LLC now owns 541,544 shares of the company’s stock valued at $9,136,000 after buying an additional 130,191 shares during the period. Renaissance Technologies LLC bought a new position in shares of Exzeo Group during the first quarter valued at $2,459,000. Bank of America Corp DE lifted its holdings in Exzeo Group by 17.4% during the 1st quarter. Bank of America Corp DE now owns 58,695 shares of the company’s stock worth $861,000 after buying an additional 8,695 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in Exzeo Group in the first quarter valued at approximately $678,000.
About Exzeo Group
Exzeo provides turnkey insurance technology and operations solutions to insurance carriers and their agents based on a proprietary platform of purpose-built software and data analytics applications that are specifically designed for the property and casualty, or P&C, insurance ecosystem. Exzeo’s Insurance-as-a-Service (IaaS) platform, which we refer to as the “Exzeo Platform,” currently includes nine highly configurable software and data analytics applications that are purpose-built to serve insurance companies and other customers in the insurance value chain.
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