Key Points
- CEO Paresh Patel purchased 2,000 shares on March 17 at $15.68 each for a total of $31,360, raising his direct holding to 1,574,013 shares (a 0.13% increase).
- Recent earnings and analyst backdrop: Exzeo topped estimates with Q4 EPS of $0.25 (vs. $0.13 est.) and revenue of $53.32M (vs. $41.5M est.), and carries a consensus "Moderate Buy" rating with an average price target of $26.00.
Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel acquired 2,000 shares of the stock in a transaction dated Tuesday, March 17th. The stock was acquired at an average price of $15.68 per share, for a total transaction of $31,360.00. Following the purchase, the chief executive officer directly owned 1,574,013 shares in the company, valued at approximately $24,680,523.84. This trade represents a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.
Exzeo Group Stock Performance
XZO traded down $0.02 during trading on Thursday, hitting $15.14. The company's stock had a trading volume of 8,838 shares, compared to its average volume of 161,727. The stock has a 50 day moving average price of $18.00. The stock has a market cap of $1.38 billion and a price-to-earnings ratio of 30.28. Exzeo Group, Inc. has a one year low of $12.91 and a one year high of $24.60.
Exzeo Group (NYSE:XZO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.13 by $0.12. The company had revenue of $53.32 million during the quarter, compared to analysts' expectations of $41.50 million.
Analyst Upgrades and Downgrades
XZO has been the topic of several recent research reports. William Blair began coverage on Exzeo Group in a research note on Monday, December 1st. They issued an "outperform" rating on the stock. Zacks Research upgraded Exzeo Group to a "hold" rating in a research note on Tuesday, December 2nd. Wall Street Zen raised shares of Exzeo Group from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Weiss Ratings began coverage on shares of Exzeo Group in a research note on Monday, February 2nd. They set a "hold (c-)" rating on the stock. Finally, Truist Financial initiated coverage on shares of Exzeo Group in a report on Monday, December 1st. They set a "buy" rating and a $25.00 price target on the stock. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Exzeo Group currently has a consensus rating of "Moderate Buy" and an average price target of $26.00.
Read Our Latest Stock Analysis on Exzeo Group
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zimmer Partners LP purchased a new position in shares of Exzeo Group during the fourth quarter valued at about $1,819,000. Ophir Asset Management Pty Ltd bought a new stake in shares of Exzeo Group in the fourth quarter worth about $23,907,000. Millennium Management LLC purchased a new stake in shares of Exzeo Group in the fourth quarter worth about $3,799,000. Ionic Capital Management LLC bought a new position in Exzeo Group during the fourth quarter valued at approximately $328,000. Finally, Janus Henderson Group PLC bought a new position in Exzeo Group during the fourth quarter valued at approximately $14,991,000.
Exzeo Group Company Profile
(
Get Free Report)
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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