Exzeo Group, Inc. (NYSE:XZO) Stock Has Consensus Target Price of $25.50

Key Points

• Analysts rate Exzeo Group “Moderate Buy”: Three of five covering brokerages recommend buying, while two recommend holding; the average 12-month price target is $25.50.
• Exzeo reported quarterly EPS of $0.25, slightly above the $0.24 consensus estimate, on revenue of $53.89 million.
• Shares opened at $19.39 and were reported up 9.0%; Truist maintained its buy rating but lowered its price target to $24 from $25.

Shares of Exzeo Group, Inc. (NYSE:XZO - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $25.50.

Several research analysts have weighed in on XZO shares. Zacks Research raised Exzeo Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 6th. Truist Financial reiterated a "buy" rating and issued a $24.00 price objective (down from $25.00) on shares of Exzeo Group in a research note on Tuesday. Finally, Weiss Ratings raised Exzeo Group from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 29th.

Exzeo Group Trading Up 9.0%

Shares of NYSE:XZO opened at $19.39 on Thursday. The stock has a market cap of $1.75 billion and a PE ratio of 19.78. The stock's fifty day simple moving average is $16.31 and its two-hundred day simple moving average is $15.98. 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 posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $53.89 million during the quarter. Exzeo Group had a net margin of 39.14% and a return on equity of 38.77%. On average, sell-side analysts forecast that Exzeo Group will post 0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XZO. Renaissance Technologies LLC bought a new position in shares of Exzeo Group in the first quarter worth $2,459,000. Whetstone Capital Advisors LLC lifted 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 purchasing an additional 130,191 shares in the last quarter. Janus Henderson Group PLC lifted 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 purchasing an additional 85,126 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Exzeo Group in the 1st quarter worth about $678,000. Finally, Keybank National Association OH bought a new position in Exzeo Group in the 3rd quarter worth about $425,000.

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.

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