Exzeo Group (NYSE:XZO) Raised to “Buy” at Wall Street Zen

Exzeo Group (NYSE:XZO) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Other equities analysts have also recently issued research reports about the company. Citizens Jmp initiated coverage on Exzeo Group in a research report on Monday, December 1st. They set a “market outperform” rating and a $27.00 price objective for the company. Weiss Ratings started coverage on Exzeo Group in a report on Monday, February 2nd. They issued a “hold (c-)” rating on the stock. 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 target on the stock. Zacks Research upgraded Exzeo Group to a “hold” rating in a report on Tuesday, December 2nd. Finally, William Blair started coverage on Exzeo Group in a research report on Monday, December 1st. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.00.

Exzeo Group Stock Down 2.8%

Shares of XZO opened at $15.55 on Friday. The company has a market cap of $1.41 billion and a P/E ratio of 31.10. Exzeo Group has a one year low of $12.91 and a one year high of $24.60. The stock has a fifty day moving average price of $19.24.

Exzeo Group (NYSE:XZO) last released its earnings results on Wednesday, February 25th. The company reported $0.25 earnings per share 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 analyst estimates of $41.50 million.

Insider Buying and Selling

In other news, CFO Suela Bulku purchased 10,020 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was purchased at an average cost of $19.58 per share, with a total value of $196,191.60. Following the acquisition, the chief financial officer directly owned 314,874 shares of the company’s stock, valued at approximately $6,165,232.92. This trade represents a 3.29% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Kevin Andrew Mitchell purchased 12,510 shares of Exzeo Group stock in a transaction on Thursday, December 18th. The stock was purchased at an average price of $19.58 per share, for a total transaction of $244,945.80. Following the completion of the transaction, the president owned 715,135 shares of the company’s stock, valued at approximately $14,002,343.30. This represents a 1.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 32,550 shares of company stock worth $637,329 in the last quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ionic Capital Management LLC bought a new stake in Exzeo Group during the 4th quarter worth approximately $328,000. Verition Fund Management LLC bought a new position in Exzeo Group in the 4th quarter valued at $532,000. HRT Financial LP acquired a new position in Exzeo Group in the fourth quarter worth $754,000. Jane Street Group LLC acquired a new position in Exzeo Group in the fourth quarter worth $1,187,000. Finally, Legato Capital Management LLC bought a new stake in shares of Exzeo Group during the fourth quarter worth $1,475,000.

Exzeo Group Company Profile

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.