Exzeo Group (NYSE:XZO) Stock Rating Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Exzeo Group (NYSE:XZO) from a hold rating to a strong sell rating in a research note published on Thursday,Zacks reports.

A number of other equities research analysts have also recently commented on XZO. Weiss Ratings upgraded Exzeo Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 29th. William Blair reissued an “outperform” rating on shares of Exzeo Group in a report on Friday. Finally, Truist Financial restated a “buy” rating and issued a $24.00 price objective (down from $25.00) on shares of Exzeo Group in a research report on Tuesday. Three research 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. Based on data from MarketBeat, Exzeo Group currently has an average rating of “Hold” and a consensus price target of $25.50.

Exzeo Group Stock Performance

NYSE:XZO traded down $0.87 during mid-day trading on Thursday, hitting $16.36. 244,092 shares of the company’s stock traded hands, compared to its average volume of 251,237. The company has a market cap of $1.47 billion and a PE ratio of 16.69. The firm’s 50 day simple moving average is $16.32 and its 200 day simple moving average is $15.92. Exzeo Group has a 1 year low of $12.36 and a 1 year high of $24.60.

Exzeo Group (NYSE:XZO) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $53.89 million for the quarter. Exzeo Group had a net margin of 39.14% and a return on equity of 38.77%. On average, research analysts expect that Exzeo Group will post 0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Exzeo Group

Several large investors have recently added to or reduced their stakes in XZO. Russell Investments Group Ltd. increased its position in Exzeo Group by 329.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 51,401 shares of the company’s stock worth $744,000 after purchasing an additional 39,430 shares in the last quarter. Keybank National Association OH acquired a new position in Exzeo Group during the third quarter valued at approximately $425,000. State of Alaska Department of Revenue purchased a new stake in Exzeo Group during the third quarter worth approximately $56,000. Whetstone Capital Advisors LLC grew its stake in Exzeo Group by 31.6% during 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 during the period. Finally, Engineers Gate Manager LP purchased a new stake in Exzeo Group during the second quarter worth approximately $272,000.

About Exzeo Group

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.