Key Points
- Paresh Patel, Exzeo's CEO, bought 2,000 shares on March 23 at an average $14.93 (~$29,860); this follows two other 2,000‑share purchases on March 17 and 19 and the March 23 trade brought his holdings to 1,582,013 shares (the single trade was a 0.13% increase).
- Exzeo recently beat quarterly expectations with $0.25 EPS vs. $0.13 expected and $53.32M revenue vs. $41.50M expected; the company has a $1.36B market cap, a P/E of 30, and analysts carry a consensus "Moderate Buy" rating with an average price target of $26.
Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel bought 2,000 shares of the company's stock in a transaction dated Monday, March 23rd. The stock was bought at an average price of $14.93 per share, with a total value of $29,860.00. Following the acquisition, the chief executive officer owned 1,582,013 shares in the company, valued at approximately $23,619,454.09. This trade represents a 0.13% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Paresh Patel also recently made the following trade(s):
- On Thursday, March 19th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $15.36 per share, for a total transaction of $30,720.00.
- On Tuesday, March 17th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $15.68 per share, with a total value of $31,360.00.
Exzeo Group Stock Performance
Shares of XZO opened at $15.00 on Tuesday. The stock has a fifty day moving average of $17.57. The company has a market capitalization of $1.36 billion and a P/E ratio of 30.00. Exzeo Group, Inc. has a 52-week low of $12.91 and a 52-week 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.12. The firm had revenue of $53.32 million for the quarter, compared to the consensus estimate of $41.50 million.
Analysts Set New Price Targets
A number of brokerages recently issued reports on XZO. William Blair assumed coverage on Exzeo Group in a research note on Monday, December 1st. They set an "outperform" rating for the company. Truist Financial started coverage on Exzeo Group in a research report on Monday, December 1st. They issued a "buy" rating and a $25.00 price objective on the stock. Weiss Ratings started coverage on Exzeo Group in a research note on Monday, February 2nd. They issued a "hold (c-)" rating on the stock. Zacks Research upgraded Exzeo Group to a "hold" rating in a research report on Tuesday, December 2nd. Finally, Citizens Jmp initiated coverage on shares of Exzeo Group in a research note on Monday, December 1st. They set a "market outperform" rating and a $27.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $26.00.
Check Out Our Latest Stock Analysis on Exzeo Group
Hedge Funds Weigh In On Exzeo Group
A number of institutional investors have recently modified their holdings of the stock. Ionic Capital Management LLC bought a new stake in shares of Exzeo Group during the fourth quarter valued at approximately $328,000. Verition Fund Management LLC bought a new position in Exzeo Group in the fourth quarter worth approximately $532,000. HRT Financial LP bought a new position in Exzeo Group in the fourth quarter worth approximately $754,000. Jane Street Group LLC purchased a new position in Exzeo Group during the 4th quarter worth $1,187,000. Finally, Legato Capital Management LLC purchased a new position in Exzeo Group during the 4th quarter worth $1,475,000.
About Exzeo Group
(
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.
Further Reading
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