Exzeo Group (NYSE:XZO) Stock Breaks Below Fifty Day Moving Average - Time to Sell?

Key Points

• Exzeo Group shares fell below their 50-day moving average, trading as low as $16.09 and last changing hands at about $16.14, compared with a 50-day average of $16.29.
• Analyst views are mixed: the consensus rating is Hold with an average price target of $25.50. Recent calls ranged from Zacks Research’s “strong sell” downgrade to Buy and Outperform ratings from other firms.
• Exzeo reported quarterly EPS of $0.25, slightly above the $0.24 consensus estimate, on revenue of $53.89 million.

Exzeo Group, Inc. (NYSE:XZO - Get Free Report) crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $16.29 and traded as low as $16.09. Exzeo Group shares last traded at $16.1370, with a volume of 151,213 shares changing hands.

Analysts Set New Price Targets

XZO has been the topic of several research reports. Zacks Research cut shares of Exzeo Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 5th. Weiss Ratings upgraded shares of Exzeo Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 29th. William Blair reissued an "outperform" rating on shares of Exzeo Group in a research report on Friday, November 6th. Finally, Truist Financial restated a "buy" rating and issued a $24.00 price target (down from $25.00) on shares of Exzeo Group in a research note on Tuesday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $25.50.

Exzeo Group Stock Down 1.1%

The firm has a market capitalization of $1.44 billion and a price-to-earnings ratio of 16.47. The company has a fifty day moving average price of $16.29 and a two-hundred day moving average price of $15.85.

Exzeo Group (NYSE:XZO - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Exzeo Group had a net margin of 39.67% and a return on equity of 31.56%. The business had revenue of $53.89 million for the quarter. On average, equities analysts anticipate that Exzeo Group, Inc. will post 0.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Exzeo Group

Several hedge funds have recently made changes to their positions in XZO. Janus Henderson Group PLC increased its position in Exzeo Group by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 703,304 shares of the company's stock valued at $10,317,000 after acquiring an additional 85,126 shares during the period. Whetstone Capital Advisors LLC grew its stake in shares of Exzeo Group by 31.6% in the 2nd quarter. Whetstone Capital Advisors LLC now owns 541,544 shares of the company's stock valued at $9,136,000 after purchasing an additional 130,191 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Exzeo Group in the 1st quarter valued at $2,459,000. Frisch Financial Group Inc. acquired a new position in Exzeo Group in the 3rd quarter valued at $1,058,000. Finally, Bank of America Corp DE increased its stake in Exzeo Group by 17.4% in the 1st quarter. Bank of America Corp DE now owns 58,695 shares of the company's stock valued at $861,000 after buying an additional 8,695 shares during the period.

About Exzeo Group

Exzeo Group is a technology company focused on the property and casualty insurance industry. Its Exzeo platform provides software designed to help insurers manage core operations and support their business processes. The company's offerings include tools for functions such as policy administration, underwriting, claims handling, billing and data analysis. Exzeo's technology is intended to help insurance organizations coordinate these activities through a connected platform.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.