Exzeo Group (NYSE:XZO) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Exzeo Group (NYSE:XZO) from a buy rating to a hold rating in a research report report published on Saturday morning.

Separately, Weiss Ratings downgraded 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.00.

Exzeo Group Trading Up 0.6%

Shares of XZO stock opened at $13.61 on Friday. The stock has a market cap of $1.24 billion and a P/E ratio of 18.90. The stock’s 50 day simple moving average is $15.32. Exzeo Group has a 12-month low of $12.91 and a 12-month high of $24.60.

Exzeo Group (NYSE:XZO) last issued its earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $55.90 million. Analysts expect that Exzeo Group will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Paresh Patel acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was purchased at an average cost of $17.48 per share, with a total value of $34,960.00. Following the purchase, the chief executive officer directly owned 1,620,013 shares of the company’s stock, valued at approximately $28,317,827.24. This trade represents a 0.12% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders purchased 40,000 shares of company stock valued at $627,280. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Exzeo Group

A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new stake in Exzeo Group during the 1st quarter valued at $2,459,000. State of Wyoming acquired a new stake in Exzeo Group during the 1st quarter valued at $334,000. Y Intercept Hong Kong Ltd acquired a new stake in Exzeo Group during the 1st quarter valued at $678,000. Zimmer Partners LP acquired a new stake in Exzeo Group during the 4th quarter valued at $1,819,000. Finally, Ophir Asset Management Pty Ltd acquired a new stake in Exzeo Group during the 4th quarter valued at $23,907,000.

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.