Exzeo Group (NYSE:XZO) Upgraded by Wall Street Zen to Buy Rating

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

XZO has been the subject of a number of other research reports. Truist Financial assumed coverage on shares of Exzeo Group in a research report on Monday, December 1st. They issued a “buy” rating and a $25.00 price objective for the company. William Blair assumed coverage on Exzeo Group in a research report on Monday, December 1st. They set an “outperform” rating on the stock. Citizens Jmp assumed coverage on Exzeo Group in a research note on Monday, December 1st. They set a “market outperform” rating and a $27.00 target price for the company. Weiss Ratings began coverage on Exzeo Group in a report on Monday, February 2nd. They issued a “hold (c-)” rating for the company. Finally, Zacks Research upgraded Exzeo Group to a “hold” rating in a research note on Tuesday, December 2nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Exzeo Group Stock Performance

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

Exzeo Group (NYSE:XZO) last issued its earnings results on Wednesday, February 25th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.12. The firm had revenue of $53.32 million during the quarter, compared to analysts’ expectations of $41.50 million.

Insider Buying and Selling at Exzeo Group

In other Exzeo Group news, CFO Suela Bulku purchased 10,020 shares of Exzeo Group stock in a transaction on Thursday, December 18th. The shares were bought at an average price of $19.58 per share, with a total value of $196,191.60. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Brook Armstrong Baker purchased 10,020 shares of Exzeo Group stock in a transaction on Thursday, December 18th. The stock was acquired at an average cost of $19.58 per share, for a total transaction of $196,191.60. Following the acquisition, the general counsel directly owned 248,026 shares of the company’s stock, valued at approximately $4,856,349.08. This represents a 4.21% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 32,550 shares of company stock worth $637,329.

Institutional Inflows and Outflows

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