Analysts Set Exzeo Group, Inc. (NYSE:XZO) Target Price at $26.00

Exzeo Group, Inc. (NYSE:XZO) has been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $26.00.

A number of equities research analysts have weighed in on the stock. Zacks Research raised shares of Exzeo Group to a “hold” rating in a report on Tuesday, December 2nd. Citizens Jmp started coverage on shares of Exzeo Group in a research note on Monday, December 1st. They issued a “market outperform” rating and a $27.00 price objective on the stock. Weiss Ratings assumed coverage on shares of Exzeo Group in a report on Monday, February 2nd. They issued a “hold (c-)” rating on the stock. William Blair assumed coverage on shares of Exzeo Group in a research note on Monday, December 1st. They set an “outperform” rating for the company. Finally, Wall Street Zen upgraded shares of Exzeo Group from a “hold” rating to a “buy” rating in a report on Saturday, March 7th.

Exzeo Group Stock Down 0.1%

XZO opened at $13.71 on Wednesday. The company has a market cap of $1.25 billion and a P/E ratio of 27.42. The stock has a fifty day moving average price of $16.95. Exzeo Group has a one year low of $12.91 and a one year high of $24.60.

Exzeo Group (NYSE:XZO) last announced its earnings results on Wednesday, February 25th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.12. The firm had revenue of $53.32 million for the quarter, compared to the consensus estimate of $41.50 million.

Insider Activity at Exzeo Group

In related news, CEO Paresh Patel acquired 2,000 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was bought at an average price of $14.93 per share, for a total transaction of $29,860.00. Following the transaction, the chief executive officer owned 1,582,013 shares of the company’s stock, valued at approximately $23,619,454.09. The trade was a 0.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders acquired 6,000 shares of company stock worth $91,940.

Hedge Funds Weigh In On Exzeo Group

A number of hedge funds have recently modified their holdings of XZO. Jennison Associates LLC acquired a new stake in shares of Exzeo Group during the fourth quarter worth $14,096,000. Legato Capital Management LLC acquired a new position in shares of Exzeo Group in the 4th quarter valued at $1,475,000. Seven Grand Managers LLC purchased a new position in Exzeo Group in the 4th quarter worth about $3,638,000. Goldman Sachs Group Inc. purchased a new position in Exzeo Group in the 4th quarter worth about $12,551,000. Finally, Federated Hermes Inc. purchased a new position in Exzeo Group in the 4th quarter worth about $2,425,000.

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.