Key Points
- CEO Paresh Patel bought 2,000 Exzeo Group shares on May 20 at an average price of $13.33, spending $26,660. This brought his holdings to 1,664,013 shares, according to an SEC filing.
- The purchase continues a run of recent insider buying, with Patel repeatedly adding 2,000 shares on multiple dates in April and May at prices that have generally declined over time.
- Exzeo Group recently reported Q1 earnings of $0.22 per share, beating estimates, though revenue of $54.01 million came in below expectations. Analysts currently have a consensus rating of Hold with a $26.00 target price.
Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel purchased 2,000 shares of the firm's stock in a transaction on Wednesday, May 20th. The stock was bought at an average price of $13.33 per share, for a total transaction of $26,660.00. Following the acquisition, the chief executive officer owned 1,664,013 shares in the company, valued at $22,181,293.29. The trade was a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Paresh Patel also recently made the following trade(s):
- On Wednesday, May 13th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $13.55 per share, for a total transaction of $27,100.00.
- On Monday, May 11th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $13.99 per share, for a total transaction of $27,980.00.
- On Thursday, May 7th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $15.11 per share, for a total transaction of $30,220.00.
- On Tuesday, May 5th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $17.11 per share, for a total transaction 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, for a total transaction of $33,060.00.
- On Wednesday, April 29th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $16.22 per share, for a total transaction of $32,440.00.
- On Monday, April 27th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $16.88 per share, for a total transaction of $33,760.00.
- On Friday, April 24th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired 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 purchased at an average cost of $16.46 per share, for a total transaction of $32,920.00.
- On Monday, April 20th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $17.48 per share, for a total transaction of $34,960.00.
Exzeo Group Price Performance
Exzeo Group stock opened at $12.93 on Friday. Exzeo Group, Inc. has a 12-month low of $12.50 and a 12-month high of $24.60. The stock has a market cap of $1.18 billion and a P/E ratio of 17.96. The business's fifty day moving average price is $15.15.
Exzeo Group (NYSE:XZO - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The firm had revenue of $54.01 million for the quarter, compared to analysts' expectations of $55.90 million. As a group, sell-side analysts predict that Exzeo Group, Inc. will post 1.01 earnings per share for the current year.
Institutional Investors Weigh In On Exzeo Group
Institutional investors have recently modified their holdings of the business. Ionic Capital Management LLC bought a new stake in shares of Exzeo Group during the 4th quarter valued at about $328,000. Verition Fund Management LLC bought a new stake in shares of Exzeo Group during the 4th quarter valued at about $532,000. State of Wyoming bought a new stake in shares of Exzeo Group during the 1st quarter valued at about $334,000. HRT Financial LP bought a new stake in shares of Exzeo Group during the 4th quarter valued at about $754,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Exzeo Group during the 1st quarter valued at about $678,000.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Exzeo Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Weiss Ratings downgraded shares of Exzeo Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $26.00.
View Our Latest Stock Report on XZO
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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