Exzeo Group (NYSE:XZO) Stock Price Down 4.6% – Time to Sell?

Exzeo Group, Inc. (NYSE:XZO) traded down 4.6% during mid-day trading on Friday . The company traded as low as $23.13 and last traded at $23.13. 30,699 shares were traded during mid-day trading, a decline of 85% from the average session volume of 199,819 shares. The stock had previously closed at $24.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on XZO shares. Citizens Jmp started coverage on Exzeo Group in a research report on Monday, December 1st. They set a “market outperform” rating and a $27.00 target price for the company. Truist Financial initiated coverage on Exzeo Group in a report on Monday, December 1st. They issued a “buy” rating and a $25.00 price objective for the company. William Blair began coverage on shares of Exzeo Group in a research note on Monday, December 1st. They issued an “outperform” rating for the company. Zacks Research raised shares of Exzeo Group to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Wall Street Zen raised shares of Exzeo Group to a “hold” rating in a research report on Monday, November 17th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Exzeo Group presently has an average rating of “Moderate Buy” and an average price target of $26.00.

Exzeo Group Price Performance

Exzeo Group (NYSE:XZO) last posted its quarterly earnings data on Wednesday, December 10th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The firm had revenue of $55.17 million for the quarter, compared to the consensus estimate of $54.40 million.

Insider Transactions at Exzeo Group

In other Exzeo Group news, General Counsel Brook Armstrong Baker purchased 10,020 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was bought at an average cost of $19.58 per share, for a total transaction of $196,191.60. Following the completion of the purchase, the general counsel owned 248,026 shares in the company, valued at $4,856,349.08. This represents a 4.21% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Suela Bulku purchased 10,020 shares of the stock in a transaction on Thursday, December 18th. The stock was acquired at an average cost of $19.58 per share, with a total value of $196,191.60. Following the acquisition, the chief financial officer owned 314,874 shares of the company’s stock, valued at approximately $6,165,232.92. This represents a 3.29% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 32,550 shares of company stock valued at $637,329 in the last quarter.

About Exzeo Group

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.