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

Key Points

• Zacks Research downgraded Exzeo Group from “hold” to “strong sell.” Other analyst views are mixed, leaving the consensus rating at “hold” with an average price target of $25.50.
• Exzeo reported quarterly EPS of $0.25, slightly above the $0.24 consensus estimate, on revenue of $53.89 million.
• Shares fell $0.87 to $16.36 on Thursday, below the $24.60 12-month high.

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

A number of other brokerages have also recently commented on XZO. Weiss Ratings upgraded shares of Exzeo Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 29th. William Blair reiterated an "outperform" rating on shares of Exzeo Group in a research note on Friday. Finally, Truist Financial reissued a "buy" rating and set a $24.00 price target (down from $25.00) on shares of Exzeo Group in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $25.50.

Exzeo Group Stock Performance

Shares of XZO traded down $0.87 on Thursday, reaching $16.36. The stock had a trading volume of 244,092 shares, compared to its average volume of 251,237. Exzeo Group has a 12-month low of $12.36 and a 12-month high of $24.60. The firm has a market capitalization of $1.47 billion and a price-to-earnings ratio of 16.69. The company has a 50-day simple moving average of $16.32 and a 200-day simple moving average of $15.92.

Exzeo Group (NYSE:XZO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $53.89 million during the quarter. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%. On average, analysts expect 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 have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its holdings in shares of Exzeo Group by 329.4% during the third quarter. Russell Investments Group Ltd. now owns 51,401 shares of the company's stock valued at $744,000 after acquiring an additional 39,430 shares in the last quarter. Keybank National Association OH bought a new stake in Exzeo Group during the 3rd quarter valued at about $425,000. State of Alaska Department of Revenue bought a new stake in Exzeo Group during the 3rd quarter valued at about $56,000. Whetstone Capital Advisors LLC increased its stake in Exzeo Group by 31.6% during the 2nd quarter. Whetstone Capital Advisors LLC now owns 541,544 shares of the company's stock valued at $9,136,000 after purchasing an additional 130,191 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in Exzeo Group in the second quarter worth about $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.

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