Exzeo Group (NYSE:XZO) Trading Down 6.4% - Time to Sell?

Key Points

• Exzeo Group shares fell 6.4% to about $15.25 in low-volume trading, with the stock’s market capitalization at approximately $1.44 billion.
• Analyst sentiment is mixed but leans cautious: the consensus rating is “Hold” with an average price target of $26, while recent firms downgraded the stock to Hold or Sell.
• The company exceeded quarterly EPS estimates, reporting $0.26 versus $0.24 expected, while revenue rose 3% year over year to $56.29 million. Exzeo also authorized a $12 million share repurchase and insiders bought 10,000 shares over the past 90 days.

Shares of Exzeo Group, Inc. (NYSE:XZO - Get Free Report) dropped 6.4% on Friday . The company traded as low as $15.51 and last traded at $15.2460. Approximately 34,365 shares changed hands during trading, a decline of 82% from the average daily volume of 195,938 shares. The stock had previously closed at $16.29.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XZO. Weiss Ratings reissued a "sell (d+)" rating on shares of Exzeo Group in a research note on Friday, July 24th. Wall Street Zen lowered shares of Exzeo Group from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Finally, Zacks Research cut shares of Exzeo Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $26.00.

Exzeo Group Stock Performance

The stock has a market cap of $1.44 billion and a P/E ratio of 21.95. The firm's fifty day simple moving average is $15.38 and its 200-day simple moving average is $15.81.

Exzeo Group (NYSE:XZO - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $56.29 million during the quarter. During the same quarter in the prior year, the company posted $0.26 earnings per share. The business's revenue was up 3.0% on a year-over-year basis. Analysts predict that Exzeo Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Exzeo Group declared that its board has initiated a stock repurchase plan on Tuesday, May 26th that permits the company to repurchase $12.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Insider Activity at Exzeo Group

In other Exzeo Group news, CEO Paresh Patel bought 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $13.26 per share, with a total value of $26,520.00. Following the completion of the purchase, the chief executive officer directly owned 1,672,013 shares of the company's stock, valued at approximately $22,170,892.38. This trade represents a 0.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders bought 10,000 shares of company stock worth $134,100. 4.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Exzeo Group

Institutional investors and hedge funds have recently modified their holdings of the business. Ophir Asset Management Pty Ltd bought a new stake in shares of Exzeo Group in the 4th quarter valued at $23,907,000. Janus Henderson Group PLC acquired a new position in shares of Exzeo Group during the 4th quarter valued at $14,991,000. Jennison Associates LLC bought a new position in Exzeo Group during the fourth quarter worth $14,096,000. Goldman Sachs Group Inc. bought a new position in Exzeo Group during the fourth quarter worth $12,551,000. Finally, Essex Investment Management Co. LLC acquired a new stake in Exzeo Group in the fourth quarter worth $7,059,000.

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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