Exzeo Group, Inc. (NYSE:XZO) Receives $26.00 Average PT from Brokerages

Exzeo Group, Inc. (NYSE:XZOGet Free Report) has been assigned a consensus rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $26.00.

A number of research firms have recently issued reports on XZO. Weiss Ratings raised shares of Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Zacks Research downgraded Exzeo Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th.

Check Out Our Latest Stock Report on XZO

Institutional Trading of Exzeo Group

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

Exzeo Group Stock Down 1.5%

XZO stock opened at $16.50 on Wednesday. The firm has a market cap of $1.49 billion and a price-to-earnings ratio of 16.83. The company’s fifty day simple moving average is $16.20 and its 200 day simple moving average is $15.45. Exzeo Group has a 12-month low of $12.36 and a 12-month high of $24.60.

Exzeo Group (NYSE:XZOGet 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 analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $56.29 million for the quarter. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%.Exzeo Group’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. Research analysts expect that Exzeo Group will post 0.98 earnings per share for the current year.

Exzeo Group declared that its Board of Directors has initiated a share repurchase program on Tuesday, May 26th that permits the company to repurchase $12.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Exzeo Group Company Profile

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Further Reading

Analyst Recommendations for Exzeo Group (NYSE:XZO)

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