Exzeo Group (NYSE:XZO) Shares Cross Below 50-Day Moving Average – Should You Sell?

Shares of Exzeo Group, Inc. (NYSE:XZO) passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $16.29 and traded as low as $16.09. Exzeo Group shares last traded at $16.1370, with a volume of 151,213 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on XZO shares. Truist Financial reissued a “buy” rating and set a $24.00 price objective (down from $25.00) on shares of Exzeo Group in a research note on Tuesday, November 3rd. William Blair restated an “outperform” rating on shares of Exzeo Group in a research note on Friday, November 6th. Zacks Research cut Exzeo Group from a “hold” rating to a “strong sell” rating in a report on Thursday, November 5th. Finally, Weiss Ratings upgraded Exzeo Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 29th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.50.

Exzeo Group Stock Down 0.8%

The firm’s 50-day moving average is $16.27 and its 200-day moving average is $15.80. The company has a market capitalization of $1.43 billion and a PE ratio of 16.47.

Exzeo Group (NYSE:XZO) last released its earnings results on Wednesday, November 4th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Exzeo Group had a return on equity of 31.56% and a net margin of 39.67%. The business had revenue of $53.89 million for the quarter. As a group, equities research analysts predict that Exzeo Group, Inc. will post 0.98 EPS for the current year.

Hedge Funds Weigh In On Exzeo Group

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in Exzeo Group in the 1st quarter worth approximately $2,459,000. Whetstone Capital Advisors LLC boosted its stake in Exzeo Group by 31.6% in the second quarter. Whetstone Capital Advisors LLC now owns 541,544 shares of the company’s stock worth $9,136,000 after buying an additional 130,191 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Exzeo Group by 13.8% in the first quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock worth $10,317,000 after buying an additional 85,126 shares in the last quarter. State of Wyoming bought a new position in Exzeo Group during the first quarter valued at approximately $334,000. Finally, Frisch Financial Group Inc. bought a new position in Exzeo Group during the third quarter valued at approximately $1,058,000.

About Exzeo Group

Exzeo Group is a technology company focused on the property and casualty insurance industry. Its Exzeo platform provides software designed to help insurers manage core operations and support their business processes. The company’s offerings include tools for functions such as policy administration, underwriting, claims handling, billing and data analysis. Exzeo’s technology is intended to help insurance organizations coordinate these activities through a connected platform.