Exzeo Group (NYSE:XZO) Shares Gap Down – Here’s What Happened

Exzeo Group, Inc. (NYSE:XZO)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $17.27, but opened at $15.75. Exzeo Group shares last traded at $15.2950, with a volume of 47,986 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wall Street Zen raised Exzeo Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. 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 investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Exzeo Group Stock Down 18.8%

The company has a market capitalization of $1.27 billion and a P/E ratio of 28.04. The company’s 50 day simple moving average is $15.63.

Exzeo Group (NYSE:XZO) last issued its earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The firm had revenue of $55.53 million during the quarter, compared to analysts’ expectations of $55.90 million. On average, sell-side analysts predict that Exzeo Group, Inc. will post 0.89 EPS for the current year.

Insider Buying and Selling

In other news, CEO Paresh Patel acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were bought at an average cost of $17.11 per share, for a total transaction of $34,220.00. Following the acquisition, the chief executive officer directly owned 1,642,013 shares in the company, valued at $28,094,842.43. This trade represents a 0.12% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 34,000 shares of company stock worth $541,980 in the last ninety days.

Institutional Investors Weigh In On Exzeo Group

Institutional investors have recently bought and sold shares of the business. Ionic Capital Management LLC acquired a new stake in shares of Exzeo Group in the fourth quarter worth $328,000. Verition Fund Management LLC acquired a new position in shares of Exzeo Group during the 4th quarter valued at $532,000. Y Intercept Hong Kong Ltd purchased a new stake in Exzeo Group during the 1st quarter worth $678,000. HRT Financial LP purchased a new stake in Exzeo Group during the 4th quarter worth $754,000. Finally, Jane Street Group LLC acquired a new stake in Exzeo Group in the 4th quarter valued at $1,187,000.

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.