Exzeo Group's (XZO) "Buy" Rating Reaffirmed at Truist Financial

Key Points

• Truist Financial reaffirmed its “Buy” rating on Exzeo Group but lowered its price target to $24 from $25, implying 35.59% upside from the prior close.
• Analyst sentiment remains favorable, with three Buy ratings and two Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $25.50.
• Exzeo shares fell 3.1% to $17.70 in Tuesday trading. The company recently exceeded quarterly EPS estimates, reporting $0.26 versus the $0.24 consensus, while revenue rose 3% year over year to $56.29 million.

Exzeo Group (NYSE:XZO - Get Free Report)'s stock had its "buy" rating reissued by Truist Financial in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $24.00 price target on the stock, down from their previous price target of $25.00. Truist Financial's price target suggests a potential upside of 35.59% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on XZO. Zacks Research raised shares of Exzeo Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, October 6th. Weiss Ratings upgraded Exzeo Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $25.50.

Exzeo Group Stock Down 3.1%

Shares of NYSE:XZO traded down $0.57 during midday trading on Tuesday, hitting $17.70. The stock had a trading volume of 32,918 shares, compared to its average volume of 226,801. The company has a market cap of $1.59 billion and a P/E ratio of 18.09. Exzeo Group has a 12 month low of $12.36 and a 12 month high of $24.60. The business's 50-day simple moving average is $16.26 and its 200-day simple moving average is $16.01.

Exzeo Group (NYSE:XZO - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Exzeo Group had a net margin of 39.14% and a return on equity of 38.77%. The firm had revenue of $56.29 million for the quarter. During the same period last year, the company posted $0.26 earnings per share. The business's revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts predict that Exzeo Group will post 0.98 earnings per share for the current year.

Hedge Funds Weigh In On Exzeo Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XZO. Renaissance Technologies LLC bought a new position in shares of Exzeo Group in the first quarter valued at about $2,459,000. Whetstone Capital Advisors LLC boosted its holdings in shares of Exzeo Group by 31.6% during the 2nd quarter. Whetstone Capital Advisors LLC now owns 541,544 shares of the company's stock worth $9,136,000 after buying an additional 130,191 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Exzeo Group by 13.8% during the 1st quarter. Janus Henderson Group PLC now owns 703,304 shares of the company's stock worth $10,317,000 after buying an additional 85,126 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Exzeo Group in the 1st quarter valued at about $678,000. Finally, State of Wyoming acquired a new position in Exzeo Group in the 1st quarter valued at about $334,000.

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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