Key Points
- CEO Paresh Patel bought 22,000 shares across 11 transactions from March 17 to April 20, spending about $343,160 and increasing his stake by 0.12% to 1,620,013 shares worth roughly $28.32 million.
- Exzeo recently beat expectations with $0.25 EPS vs. $0.13 expected and $53.32M revenue, and analysts hold a consensus "Moderate Buy" 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 firm's stock in a transaction dated Monday, April 20th. The stock was purchased at an average cost of $17.48 per share, with a total value of $34,960.00. Following the completion of the acquisition, the chief executive officer directly owned 1,620,013 shares of the company's stock, valued at approximately $28,317,827.24. This trade represents a 0.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Paresh Patel also recently made the following trade(s):
- On Friday, April 17th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $16.94 per share, for a total transaction of $33,880.00.
- On Wednesday, April 15th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $16.43 per share, for a total transaction of $32,860.00.
- On Monday, April 13th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.13 per share, for a total transaction of $30,260.00.
- On Friday, April 10th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.38 per share, for a total transaction of $30,760.00.
- On Wednesday, April 8th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.05 per share, for a total transaction of $30,100.00.
- On Monday, April 6th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $14.26 per share, for a total transaction of $28,520.00.
- On Wednesday, April 1st, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $14.94 per share, for a total transaction of $29,880.00.
- On Monday, March 23rd, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $14.93 per share, for a total transaction of $29,860.00.
- On Thursday, March 19th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost 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 shares were bought at an average cost of $15.68 per share, for a total transaction of $31,360.00.
Exzeo Group Stock Performance
NYSE XZO opened at $16.74 on Thursday. Exzeo Group, Inc. has a 52-week low of $12.91 and a 52-week high of $24.60. The business's 50-day moving average is $15.47. The stock has a market capitalization of $1.52 billion and a price-to-earnings ratio of 33.47.
Exzeo Group (NYSE:XZO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.12. The firm had revenue of $53.32 million for the quarter, compared to analysts' expectations of $41.50 million. On average, equities analysts forecast that Exzeo Group, Inc. will post 0.89 EPS for the current year.
Institutional Investors Weigh In On Exzeo Group
A number of institutional investors have recently added to or reduced their stakes in the business. Ionic Capital Management LLC purchased a new stake in Exzeo Group in the 4th quarter valued at approximately $328,000. Verition Fund Management LLC acquired a new position in shares of Exzeo Group during the 4th quarter worth $532,000. HRT Financial LP acquired a new position in shares of Exzeo Group during the 4th quarter worth $754,000. Jane Street Group LLC acquired a new position in shares of Exzeo Group during the 4th quarter worth $1,187,000. Finally, Legato Capital Management LLC acquired a new position in shares of Exzeo Group during the 4th quarter worth $1,475,000.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Exzeo Group from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Weiss Ratings assumed coverage on Exzeo Group in a report on Monday, February 2nd. They issued a "hold (c-)" rating on the stock. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.00.
View 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.
Further Reading
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