Exzeo Group (NYSE:XZO) Shares Gap Up – Here’s Why

Shares of Exzeo Group, Inc. (NYSE:XZO) gapped up prior to trading on Wednesday . The stock had previously closed at $15.28, but opened at $15.83. Exzeo Group shares last traded at $15.31, with a volume of 26,941 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently weighed in on XZO. Citizens Jmp started coverage on Exzeo Group in a research report on Monday, December 1st. They set a “market outperform” rating and a $27.00 price objective on the stock. Weiss Ratings began coverage on Exzeo Group in a research report on Monday, February 2nd. They set a “hold (c-)” rating for the company. William Blair began coverage on shares of Exzeo Group in a report on Monday, December 1st. They issued an “outperform” rating on the stock. Zacks Research raised Exzeo Group to a “hold” rating in a report on Tuesday, December 2nd. Finally, Wall Street Zen raised Exzeo Group from a “hold” rating to a “buy” rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Exzeo Group Trading Up 1.1%

The company has a market capitalization of $1.40 billion and a PE ratio of 30.89. The company has a fifty day moving average price of $18.90.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.13 by $0.12. The company had revenue of $53.32 million for the quarter, compared to analysts’ expectations of $41.50 million.

Insider Buying and Selling at Exzeo Group

In other Exzeo Group news, General Counsel Brook Armstrong Baker bought 10,020 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was acquired at an average cost of $19.58 per share, with a total value of $196,191.60. Following the purchase, the general counsel owned 248,026 shares in the company, valued at approximately $4,856,349.08. This represents a 4.21% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Kevin Andrew Mitchell purchased 12,510 shares of Exzeo Group stock in a transaction dated Thursday, December 18th. The stock was acquired at an average cost of $19.58 per share, with a total value of $244,945.80. Following the completion of the acquisition, the president directly owned 715,135 shares in the company, valued at approximately $14,002,343.30. This trade represents a 1.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 32,550 shares of company stock valued at $637,329.

Hedge Funds Weigh In On Exzeo Group

A number of large investors have recently made changes to their positions in the stock. Ionic Capital Management LLC purchased a new stake in Exzeo Group during the fourth quarter worth about $328,000. Verition Fund Management LLC purchased a new stake in shares of Exzeo Group during the 4th quarter worth approximately $532,000. HRT Financial LP acquired a new stake in shares of Exzeo Group in the 4th quarter worth approximately $754,000. Jane Street Group LLC purchased a new position in Exzeo Group in the 4th quarter valued at approximately $1,187,000. Finally, Legato Capital Management LLC acquired a new position in Exzeo Group during the fourth quarter worth $1,475,000.

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.