Exzeo Group, Inc. (NYSE:XZO) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Exzeo Group, with three buys, one hold and one sell among five analysts. The average 12-month price target is $26.00.
• Exzeo Group reported quarterly EPS of $0.26, exceeding the $0.24 consensus estimate, while revenue reached $56.29 million, up 3% year over year.
• The company authorized a $12 million share buyback, allowing repurchases of up to 1% of outstanding shares; the stock recently opened at $16.62.

Exzeo Group, Inc. (NYSE:XZO - Get Free Report) has earned a consensus recommendation of "Hold" from the five brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $26.00.

Several equities research analysts have commented on XZO shares. Weiss Ratings raised shares of Exzeo Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 21st. Zacks Research cut Exzeo Group from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 26th.

Exzeo Group Price Performance

Shares of Exzeo Group stock opened at $16.62 on Wednesday. The stock's 50 day simple moving average is $16.24 and its 200-day simple moving average is $15.43. The stock has a market cap of $1.50 billion and a P/E ratio of 16.96. Exzeo Group has a 1-year low of $12.36 and a 1-year high of $24.60.

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

Exzeo Group announced that its Board of Directors has approved a share buyback plan on Tuesday, May 26th that permits the company to buyback $12.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in shares of Exzeo Group in the first quarter valued at approximately $2,459,000. Janus Henderson Group PLC increased its holdings in 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 acquiring an additional 85,126 shares during the period. Whetstone Capital Advisors LLC increased its holdings in 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 acquiring an additional 130,191 shares during the period. Legato Capital Management LLC purchased a new stake in Exzeo Group in the 4th quarter worth approximately $1,475,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Exzeo Group in the 1st quarter valued at $678,000.

Exzeo Group Company Profile

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