Shares of Exzeo Group, Inc. (NYSE:XZO – Get Free Report) have earned an average recommendation of “Hold” from the five analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $26.00.
Several equities research analysts recently commented on XZO shares. Weiss Ratings cut Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Wall Street Zen cut Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday.
Read Our Latest Stock Analysis on XZO
Exzeo Group Trading Up 1.0%
Exzeo Group (NYSE:XZO – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $54.01 million for the quarter, compared to the consensus estimate of $55.90 million. On average, equities analysts predict that Exzeo Group will post 1.01 earnings per share for the current fiscal year.
Insider Activity
In related news, CEO Paresh Patel bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were bought at an average price of $17.48 per share, for a total transaction of $34,960.00. Following the transaction, the chief executive officer directly owned 1,620,013 shares of the company’s stock, valued at approximately $28,317,827.24. The trade was a 0.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have acquired 40,000 shares of company stock worth $627,280. 4.00% of the stock is owned by insiders.
Hedge Funds Weigh In On Exzeo Group
Several institutional investors have recently made changes to their positions in the stock. Jennison Associates LLC acquired a new stake in shares of Exzeo Group in the 4th quarter valued at about $14,096,000. Marshall Wace LLP acquired a new position in Exzeo Group during the 4th quarter worth approximately $2,705,000. Balyasny Asset Management L.P. acquired a new position in Exzeo Group during the 4th quarter worth approximately $2,425,000. Schonfeld Strategic Advisors LLC bought a new position in Exzeo Group in the fourth quarter worth approximately $2,063,000. Finally, HBK Investments L P bought a new position in Exzeo Group in the fourth quarter worth approximately $1,940,000.
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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