Exzeo Group, Inc.'s (NYSE:XZO) Lock-Up Period Set To Expire on May 4th

Key Points

• Lock-up period expires May 4: Shares issued in Exzeo's Nov. 5 IPO (8,000,000 shares, $168 million at $21) held by major shareholders and insiders will become eligible to trade, potentially increasing the free float.
• Exzeo recently beat quarterly estimates (EPS $0.25 vs. $0.13; revenue $53.3M vs. $41.5M) and carries a Moderate Buy analyst consensus with a $26 target while trading near $16.89.

Exzeo Group's (NYSE:XZO - Get Free Report) lock-up period will expire on Monday, May 4th. Exzeo Group had issued 8,000,000 shares in its initial public offering on November 5th. The total size of the offering was $168,000,000 based on an initial share price of $21.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on XZO shares. Wall Street Zen upgraded Exzeo Group from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Weiss Ratings assumed coverage on Exzeo Group in a report on Monday, February 2nd. They set a "hold (c-)" rating for the company. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.

Exzeo Group Price Performance

Shares of NYSE:XZO opened at $16.89 on Monday. The company has a market cap of $1.54 billion and a P/E ratio of 33.78. The company has a fifty day simple moving average of $15.53. Exzeo Group has a 1 year low of $12.91 and a 1 year high of $24.60.

Exzeo Group (NYSE:XZO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.12. The business had revenue of $53.32 million during the quarter, compared to the consensus estimate of $41.50 million. On average, sell-side analysts forecast that Exzeo Group will post 0.89 EPS for the current year.

Insider Transactions at Exzeo Group

In other Exzeo Group news, CEO Paresh Patel acquired 2,000 shares of Exzeo Group stock in a transaction on Monday, April 20th. The stock was purchased at an average price of $17.48 per share, for a total transaction of $34,960.00. Following the purchase, the chief executive officer directly owned 1,620,013 shares of the company's stock, valued at $28,317,827.24. This trade represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders acquired 24,000 shares of company stock valued at $376,080.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Ionic Capital Management LLC bought a new position in shares of Exzeo Group during the 4th quarter worth $328,000. Alden Global Capital LLC bought a new position in shares of Exzeo Group during the 4th quarter worth $2,971,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Exzeo Group during the 4th quarter worth $2,063,000. HBK Investments L P bought a new position in shares of Exzeo Group during the 4th quarter worth $1,940,000. Finally, Verition Fund Management LLC bought a new position in shares of Exzeo Group during the 4th quarter worth $532,000.

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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