Exzeo Group (NYSE:XZO) Shares Gap Down - Should You Sell?

Key Points

• Shares of Exzeo Group gapped down on Thursday, opening at $15.75 versus a prior close of $17.27 and last trading around $15.30 on moderate volume, roughly in line with its 50‑day SMA of $15.63.
• Analyst sentiment is mixed — three Buys, one Hold and one Sell — leaving a MarketBeat consensus of “Hold” with an average price target of $26.00; notable recent moves include Weiss Ratings downgrading to Sell and Wall Street Zen upgrading to Buy.
• Exzeo beat EPS estimates for the quarter ($0.22 vs. $0.20) but slightly missed on revenue, and insiders (including CEO Paresh Patel) have been buying shares while several hedge funds established new positions.

Shares of Exzeo Group, Inc. (NYSE:XZO - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $17.27, but opened at $15.75. Exzeo Group shares last traded at $15.2950, with a volume of 47,986 shares changing hands.

Analysts Set New Price Targets

XZO has been the topic of several recent research reports. Weiss Ratings lowered shares of Exzeo Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Exzeo Group from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $26.00.

Exzeo Group Price Performance

The company has a fifty day simple moving average of $15.63. The company has a market capitalization of $1.27 billion and a P/E ratio of 28.04.

Exzeo Group (NYSE:XZO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. The company had revenue of $55.53 million for the quarter, compared to analyst estimates of $55.90 million. Equities research analysts predict that Exzeo Group, Inc. will post 0.89 earnings per share for the current year.

Insider Transactions at Exzeo Group

In other news, CEO Paresh Patel purchased 2,000 shares of the firm's stock in a transaction on Monday, April 20th. The shares were bought at an average cost of $17.48 per share, with a total value of $34,960.00. Following the purchase, the chief executive officer directly owned 1,620,013 shares of the company's stock, valued at approximately $28,317,827.24. This trade represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have bought 34,000 shares of company stock valued at $541,980.

Hedge Funds Weigh In On Exzeo Group

Several institutional investors and hedge funds have recently modified their holdings of XZO. Ionic Capital Management LLC acquired a new stake in Exzeo Group during the fourth quarter worth approximately $328,000. Verition Fund Management LLC acquired a new position in Exzeo Group in the 4th quarter valued at $532,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Exzeo Group during the 1st quarter worth $678,000. HRT Financial LP purchased a new position in shares of Exzeo Group during the 4th quarter worth $754,000. Finally, Jane Street Group LLC acquired a new stake in shares of Exzeo Group during the fourth quarter worth $1,187,000.

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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