Exzeo Group (NYSE:XZO) Sets New 1-Year Low – Time to Sell?

Exzeo Group, Inc. (NYSE:XZO) shares reached a new 52-week low during trading on Thursday . The company traded as low as $12.84 and last traded at $12.91, with a volume of 279911 shares changing hands. The stock had previously closed at $13.69.

Wall Street Analyst Weigh In

XZO has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings downgraded Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Exzeo Group presently has a consensus rating of “Hold” and an average price target of $26.00.

Exzeo Group Trading Up 1.0%

The business has a 50 day moving average of $15.10. The stock has a market cap of $1.19 billion and a PE ratio of 18.13.

Exzeo Group (NYSE:XZO) last released its quarterly 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 firm had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $55.90 million. On average, sell-side analysts predict that Exzeo Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at Exzeo Group

In other news, CEO Paresh Patel purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were purchased at an average price of $17.48 per share, for a total transaction of $34,960.00. Following the purchase, the chief executive officer directly owned 1,620,013 shares of the company’s stock, valued at $28,317,827.24. This represents a 0.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders purchased 42,000 shares of company stock worth $653,940. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Exzeo Group

Hedge funds have recently added to or reduced their stakes in the stock. Ionic Capital Management LLC acquired a new stake in Exzeo Group during the 4th quarter worth approximately $328,000. State of Wyoming acquired a new stake in Exzeo Group during the 1st quarter worth approximately $334,000. Verition Fund Management LLC acquired a new stake in Exzeo Group during the 4th quarter worth approximately $532,000. Y Intercept Hong Kong Ltd acquired a new stake in Exzeo Group during the 1st quarter worth approximately $678,000. Finally, HRT Financial LP acquired a new stake in Exzeo Group during the 4th quarter worth approximately $754,000.

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.