Key Points
- CEO Paresh Patel bought 2,000 Exzeo Group shares on May 11 at an average price of $13.99, totaling $27,980. After the purchase, he owned 1,650,013 shares valued at about $23.1 million.
- Patel has been a consistent buyer of Exzeo stock, making multiple 2,000-share purchases throughout April and early May at prices generally above the latest buy.
- Exzeo recently beat quarterly EPS estimates with $0.22 per share versus $0.20 expected, while revenue came in slightly below forecasts at $55.53 million. Analysts currently rate the stock a consensus Hold 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 that occurred on Monday, May 11th. The shares were bought at an average cost of $13.99 per share, for a total transaction of $27,980.00. Following the acquisition, the chief executive officer owned 1,650,013 shares of the company's stock, valued at $23,083,681.87. This represents a 0.12% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Paresh Patel also recently made the following trade(s):
- On Thursday, May 7th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $15.11 per share, for a total transaction of $30,220.00.
- On Tuesday, May 5th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $17.11 per share, with a total value of $34,220.00.
- On Friday, May 1st, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $16.53 per share, with a total value of $33,060.00.
- On Wednesday, April 29th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was acquired at an average price of $16.22 per share, for a total transaction of $32,440.00.
- On Monday, April 27th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $16.88 per share, with a total value of $33,760.00.
- On Friday, April 24th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $16.21 per share, for a total transaction of $32,420.00.
- On Wednesday, April 22nd, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $16.46 per share, with a total value of $32,920.00.
- On Monday, April 20th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was bought at an average cost of $17.48 per share, with a total value of $34,960.00.
- On Friday, April 17th, Paresh Patel acquired 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 bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost of $16.43 per share, with a total value of $32,860.00.
Exzeo Group Price Performance
NYSE XZO opened at $13.77 on Wednesday. Exzeo Group, Inc. has a twelve month low of $12.91 and a twelve month high of $24.60. The stock has a market capitalization of $1.25 billion and a P/E ratio of 19.13. The stock's 50-day simple moving average is $15.45.
Exzeo Group (NYSE:XZO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $55.53 million during the quarter, compared to analyst estimates of $55.90 million. Sell-side analysts predict that Exzeo Group, Inc. will post 1.01 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have weighed in on XZO. Weiss Ratings downgraded Exzeo Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, April 29th. Wall Street Zen raised shares of Exzeo Group from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Three equities 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $26.00.
Read Our Latest Research Report on Exzeo Group
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC purchased a new stake in shares of Exzeo Group in the 4th quarter worth $14,096,000. Federated Hermes Inc. purchased a new stake in Exzeo Group in the 4th quarter worth approximately $2,425,000. Balyasny Asset Management L.P. bought a new stake in Exzeo Group during the 4th quarter worth approximately $2,425,000. Schonfeld Strategic Advisors LLC purchased a new position in Exzeo Group during the fourth quarter valued at approximately $2,063,000. Finally, HBK Investments L P purchased a new position in Exzeo Group during the fourth quarter valued at approximately $1,940,000.
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.
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