Exzeo Group (NYSE:XZO) Stock Rating Lowered by Zacks Research

Exzeo Group (NYSE:XZO) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday, Zacks reports.

Other equities research analysts also recently issued research reports about the company. Truist Financial reissued a “buy” rating and issued a $24.00 target price (down from $25.00) on shares of Exzeo Group in a report on Tuesday. William Blair reaffirmed an “outperform” rating on shares of Exzeo Group in a research note on Friday. Finally, Weiss Ratings upgraded shares of Exzeo Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 29th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.50.

Exzeo Group Price Performance

Shares of XZO stock traded down $0.87 during trading hours on Thursday, reaching $16.36. 244,092 shares of the company’s stock were exchanged, compared to its average volume of 251,237. The company has a market cap of $1.47 billion and a P/E ratio of 16.69. The company’s 50 day moving average is $16.32 and its two-hundred day moving average is $15.92. Exzeo Group has a 1 year low of $12.36 and a 1 year high of $24.60.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%. The firm had revenue of $53.89 million for the quarter. As a group, analysts predict that Exzeo Group will post 0.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Exzeo Group

A number of institutional investors and hedge funds have recently modified their holdings of XZO. Russell Investments Group Ltd. increased its stake in Exzeo Group by 329.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 51,401 shares of the company’s stock valued at $744,000 after purchasing an additional 39,430 shares in the last quarter. Keybank National Association OH purchased a new stake in Exzeo Group during the third quarter worth $425,000. State of Alaska Department of Revenue purchased a new stake in Exzeo Group during the third quarter worth $56,000. Whetstone Capital Advisors LLC boosted its position in Exzeo Group by 31.6% during the second quarter. Whetstone Capital Advisors LLC now owns 541,544 shares of the company’s stock worth $9,136,000 after purchasing an additional 130,191 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Exzeo Group in the second quarter valued at $272,000.

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.