Exzeo Group (NYSE:XZO) Shares Up 3.5% – Still a Buy?

Exzeo Group, Inc. (NYSE:XZO)’s share price rose 3.5% during trading on Monday . The company traded as high as $23.66 and last traded at $23.36. Approximately 72,257 shares were traded during trading, a decline of 72% from the average daily volume of 262,282 shares. The stock had previously closed at $22.56.

Wall Street Analysts Forecast Growth

XZO has been the topic of several analyst reports. Truist Financial started coverage on Exzeo Group in a report on Monday, December 1st. They set a “buy” rating and a $25.00 target price on the stock. William Blair assumed coverage on shares of Exzeo Group in a research report on Monday, December 1st. They set an “outperform” rating for the company. Zacks Research upgraded shares of Exzeo Group to a “hold” rating in a research note on Tuesday, December 2nd. Wall Street Zen upgraded shares of Exzeo Group to a “hold” rating in a research report on Monday, November 17th. Finally, Citizens Jmp began coverage on shares of Exzeo Group in a research report on Monday, December 1st. They set a “market outperform” rating and a $27.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.00.

Exzeo Group Stock Performance

Exzeo Group (NYSE:XZO) last issued its quarterly earnings data on Wednesday, December 10th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The company had revenue of $55.17 million during the quarter, compared to the consensus estimate of $54.40 million.

Insider Buying and Selling

In other news, CFO Suela Bulku purchased 10,020 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were purchased at an average cost of $19.58 per share, with a total value of $196,191.60. Following the completion of the purchase, the chief financial officer owned 314,874 shares of the company’s stock, valued at $6,165,232.92. This trade represents a 3.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Brook Armstrong Baker purchased 10,020 shares of Exzeo Group stock in a transaction dated Thursday, December 18th. The shares were purchased at an average price of $19.58 per share, for a total transaction of $196,191.60. Following the completion of the acquisition, the general counsel owned 248,026 shares of the company’s stock, valued at approximately $4,856,349.08. The trade was a 4.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 32,550 shares of company stock worth $637,329 in the last 90 days.

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.