Exzeo Group (NYSE:XZO) Sets New 12-Month High – Here’s Why

Exzeo Group, Inc. (NYSE:XZO)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $22.80 and last traded at $22.57, with a volume of 48444 shares trading hands. The stock had previously closed at $20.72.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Zacks Research raised shares of Exzeo Group to a “hold” rating in a research note on Tuesday, December 2nd. William Blair initiated coverage on Exzeo Group in a research note on Monday, December 1st. They set an “outperform” rating on the stock. Wall Street Zen raised shares of Exzeo Group to a “hold” rating in a research note on Monday, November 17th. Citizens Jmp started coverage on Exzeo Group in a report on Monday, December 1st. They issued a “market outperform” rating and a $27.00 price target for the company. Finally, Truist Financial assumed coverage on Exzeo Group in a research note on Monday, December 1st. They issued a “buy” rating and a $25.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Exzeo Group Price Performance

Exzeo Group (NYSE:XZO) last released its quarterly earnings results on Wednesday, December 10th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The firm had revenue of $55.17 million for the quarter, compared to the consensus estimate of $54.40 million.

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.