Exzeo Group, Inc. (NYSE:XZO) Receives $26.00 Average Target Price from Analysts

Shares of Exzeo Group, Inc. (NYSE:XZO) have earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $26.00.

A number of research firms have weighed in on XZO. Weiss Ratings began coverage on shares of Exzeo Group in a research report on Monday, February 2nd. They set a “hold (c-)” rating for the company. Wall Street Zen upgraded shares of Exzeo Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th.

Insiders Place Their Bets

In related news, CEO Paresh Patel purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were purchased at an average cost of $16.94 per share, with a total value of $33,880.00. Following the purchase, the chief executive officer owned 1,618,013 shares of the company’s stock, valued at $27,409,140.22. This represents a 0.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have bought 20,000 shares of company stock valued at $308,200.

Hedge Funds Weigh In On Exzeo Group

A number of hedge funds have recently made changes to their positions in the company. Ophir Asset Management Pty Ltd acquired a new stake in shares of Exzeo Group in the fourth quarter valued at approximately $23,907,000. Janus Henderson Group PLC purchased a new stake in Exzeo Group in the 4th quarter valued at $14,991,000. Jennison Associates LLC purchased a new stake in Exzeo Group in the 4th quarter valued at $14,096,000. Goldman Sachs Group Inc. acquired a new stake in shares of Exzeo Group in the 4th quarter worth $12,551,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Exzeo Group in the 4th quarter worth $7,059,000.

Exzeo Group Stock Performance

Shares of XZO opened at $16.69 on Friday. The firm has a market capitalization of $1.52 billion and a price-to-earnings ratio of 33.38. Exzeo Group has a 12 month low of $12.91 and a 12 month high of $24.60. The firm has a 50 day simple moving average of $15.45.

Exzeo Group (NYSE:XZO) last announced its earnings results on Wednesday, February 25th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.12. The business had revenue of $53.32 million for the quarter, compared to analyst estimates of $41.50 million. On average, analysts anticipate that Exzeo Group will post 0.89 earnings per share for the current fiscal year.

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.