Exzeo Group, Inc. (NYSE:XZO) Stock Has Consensus Target Price of $25.50 According to Analysts

Shares of Exzeo Group, Inc. (NYSE:XZO) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $25.50.

A number of analysts have recently issued reports on XZO shares. Weiss Ratings upgraded Exzeo Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 29th. Zacks Research raised shares of Exzeo Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 6th. Finally, Truist Financial reiterated a “buy” rating and set a $24.00 target price (down from $25.00) on shares of Exzeo Group in a research report on Tuesday.

Exzeo Group Price Performance

NYSE XZO opened at $19.39 on Thursday. Exzeo Group has a 1 year low of $12.36 and a 1 year high of $24.60. The stock has a market capitalization of $1.75 billion and a PE ratio of 19.78. The company’s 50 day simple moving average is $16.31 and its two-hundred day simple moving average is $15.98.

Exzeo Group (NYSE:XZO) last released its quarterly 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 39.14% and a return on equity of 38.77%. The firm had revenue of $53.89 million during the quarter. On average, research analysts anticipate that Exzeo Group will post 0.98 EPS for the current year.

Institutional Investors Weigh In On Exzeo Group

Several hedge funds have recently added to or reduced their stakes in XZO. State of Alaska Department of Revenue purchased a new stake in Exzeo Group in the third quarter worth approximately $56,000. Bank of America Corp DE grew its position in Exzeo Group by 17.4% during the first quarter. Bank of America Corp DE now owns 58,695 shares of the company’s stock valued at $861,000 after acquiring an additional 8,695 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of Exzeo Group during the second quarter worth approximately $272,000. Bank of New York Mellon Corp purchased a new position in shares of Exzeo Group during the second quarter worth approximately $287,000. Finally, State of Wyoming purchased a new position in shares of Exzeo Group during the first quarter worth approximately $334,000.

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.