Key Points
- CEO Paresh Patel purchased 2,000 shares on April 15 at $16.43 for $32,860, increasing his stake to 1,614,013 shares (a 0.12% rise); this was the ninth purchase in a string of consecutive buys totaling 18,000 shares between March 17 and April 15.
- The company posted an earnings beat on Feb. 25 with EPS of $0.25 versus a $0.13 consensus and revenue of $53.32 million versus $41.50 million estimated.
- Shares opened at $16.50 with a 50-day moving average of $15.43, a market cap of $1.50 billion and a P/E of 33; analysts rate the stock an average of “Moderate Buy” with a $26.00 average price target (3 Buys, 2 Holds).
Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel purchased 2,000 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The stock was acquired at an average price of $16.43 per share, for a total transaction of $32,860.00. Following the purchase, the chief executive officer owned 1,614,013 shares in the company, valued at $26,518,233.59. This trade represents a 0.12% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Paresh Patel also recently made the following trade(s):
- On Monday, April 13th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.13 per share, with a total value of $30,260.00.
- On Friday, April 10th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $15.38 per share, for a total transaction of $30,760.00.
- On Wednesday, April 8th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average cost of $15.05 per share, for a total transaction of $30,100.00.
- On Monday, April 6th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average cost of $14.26 per share, for a total transaction of $28,520.00.
- On Wednesday, April 1st, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $14.94 per share, with a total value of $29,880.00.
- On Monday, March 23rd, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $14.93 per share, with a total value of $29,860.00.
- On Thursday, March 19th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was 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 cost of $15.68 per share, for a total transaction of $31,360.00.
Exzeo Group Price Performance
Shares of XZO stock opened at $16.50 on Friday. The stock's 50 day moving average is $15.43. The firm has a market capitalization of $1.50 billion and a P/E ratio of 33.00. Exzeo Group, Inc. has a 12-month low of $12.91 and a 12-month high of $24.60.
Exzeo Group (NYSE:XZO - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.13 by $0.12. The firm had revenue of $53.32 million during the quarter, compared to analyst estimates of $41.50 million.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in XZO. Ionic Capital Management LLC bought a new position in shares of Exzeo Group during the fourth quarter worth approximately $328,000. Verition Fund Management LLC bought a new stake in shares of Exzeo Group in the fourth quarter valued at approximately $532,000. HRT Financial LP acquired a new stake in Exzeo Group during the fourth quarter worth approximately $754,000. Jane Street Group LLC acquired a new stake in Exzeo Group during the fourth quarter worth approximately $1,187,000. Finally, Legato Capital Management LLC bought a new position in Exzeo Group during the 4th quarter worth $1,475,000.
Analyst Upgrades and Downgrades
A number of brokerages have commented on XZO. Wall Street Zen raised Exzeo Group from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Weiss Ratings began coverage on Exzeo Group in a report on Monday, February 2nd. They set a "hold (c-)" rating for the company. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $26.00.
Read Our Latest Stock Report on Exzeo Group
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.
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