Exzeo Group (NYSE:XZO) Stock Price Down 5.2% - Time to Sell?

Key Points

• Exzeo Group shares fell 5.2% to $15.88, with trading volume down 84% from the stock’s average daily volume.
• Analyst sentiment is mixed: the consensus rating is “Hold”, with an average price target of $26.00, while ratings range from Buy to Strong Sell.
• The company exceeded quarterly EPS expectations, reporting $0.26 versus $0.24, and authorized a $12 million share repurchase program covering up to 1% of outstanding shares.

Exzeo Group, Inc. (NYSE:XZO - Get Free Report) traded down 5.2% during trading on Tuesday . The stock traded as low as $15.97 and last traded at $15.88. Approximately 33,647 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 210,140 shares. The stock had previously closed at $16.75.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings upgraded Exzeo Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 21st. Zacks Research lowered Exzeo Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $26.00.

Exzeo Group Price Performance

The firm's 50 day moving average is $16.20 and its two-hundred day moving average is $15.44. The firm has a market capitalization of $1.45 billion and a P/E ratio of 16.32.

Exzeo Group (NYSE:XZO - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $56.29 million for the quarter. Exzeo Group had a net margin of 39.14% and a return on equity of 38.77%. The business's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. Analysts anticipate that Exzeo Group, Inc. will post 0.98 EPS for the current fiscal year.

Exzeo Group declared that its board has authorized a stock repurchase program on Tuesday, May 26th that permits the company to buyback $12.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Exzeo Group

A number of institutional investors have recently bought and sold shares of the business. FJ Capital Management LLC bought a new position in Exzeo Group during the fourth quarter worth about $5,768,000. Whetstone Capital Advisors LLC bought a new stake in shares of Exzeo Group in the fourth quarter valued at approximately $4,480,000. Renaissance Technologies LLC acquired a new stake in Exzeo Group during the first quarter worth approximately $2,459,000. Atom Investors LP bought a new position in Exzeo Group during the 4th quarter worth $3,888,000. Finally, Seven Grand Managers LLC acquired a new position in Exzeo Group in the 4th quarter valued at $3,638,000.

About Exzeo Group

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