Exzeo Group (NYSE:XZO – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, Zacks reports.
XZO has been the subject of several other research reports. William Blair reaffirmed an “outperform” rating on shares of Exzeo Group in a report on Friday. Truist Financial reissued a “buy” rating and issued a $24.00 target price (down from $25.00) on shares of Exzeo Group in a report on Tuesday. Finally, Weiss Ratings raised Exzeo Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 29th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Exzeo Group currently has an average rating of “Hold” and an average price target of $25.50.
View Our Latest Research Report on XZO
Exzeo Group Trading Down 5.1%
NYSE:XZO traded down $0.87 during trading hours on Thursday, reaching $16.36. The company had a trading volume of 244,092 shares, compared to its average volume of 251,237. The firm has a market cap of $1.47 billion and a price-to-earnings ratio of 16.69. The firm’s 50 day moving average price is $16.32 and its 200-day moving average price is $15.92. Exzeo Group has a 52 week low of $12.36 and a 52 week high of $24.60.
Exzeo Group (NYSE:XZO – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $53.89 million for the quarter. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%. On average, analysts forecast that Exzeo Group will post 0.98 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in shares of Exzeo Group in the third quarter worth about $56,000. Engineers Gate Manager LP bought a new position in shares of Exzeo Group during the 2nd quarter valued at approximately $272,000. Bank of New York Mellon Corp bought a new position in shares of Exzeo Group during the 2nd quarter valued at approximately $287,000. State of Wyoming purchased a new stake in Exzeo Group in the 1st quarter worth approximately $334,000. Finally, Keybank National Association OH purchased a new stake in Exzeo Group in the 3rd quarter worth approximately $425,000.
Exzeo Group Company Profile
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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