Exzeo Group (NYSE:XZO) Shares Down 4.7% – Should You Sell?

Exzeo Group, Inc. (NYSE:XZO) shares were down 4.7% during mid-day trading on Wednesday . The stock traded as low as $13.13 and last traded at $13.05. Approximately 47,703 shares traded hands during trading, a decline of 75% from the average daily volume of 192,804 shares. The stock had previously closed at $13.69.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on XZO shares. Weiss Ratings downgraded shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday. Three investment 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.00.

Exzeo Group Stock Down 5.3%

The firm’s 50 day moving average price is $15.23. The company has a market cap of $1.18 billion and a price-to-earnings ratio of 17.99.

Exzeo Group (NYSE:XZO) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $54.01 million for the quarter, compared to the consensus estimate of $55.90 million. On average, equities research analysts predict that Exzeo Group, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling

In other Exzeo Group news, CEO Paresh Patel purchased 2,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $13.55 per share, with a total value of $27,100.00. Following the acquisition, the chief executive officer owned 1,654,013 shares of the company’s stock, valued at $22,411,876.15. The trade was a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have bought 40,000 shares of company stock valued at $627,280 in the last quarter. 4.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Exzeo Group

A number of institutional investors and hedge funds have recently bought and sold shares of XZO. Ophir Asset Management Pty Ltd acquired a new stake in Exzeo Group in the 4th quarter valued at about $23,907,000. Janus Henderson Group PLC acquired a new stake in Exzeo Group in the 4th quarter valued at about $14,991,000. Jennison Associates LLC acquired a new stake in Exzeo Group in the 4th quarter valued at about $14,096,000. Goldman Sachs Group Inc. acquired a new stake in Exzeo Group in the 4th quarter valued at about $12,551,000. Finally, Essex Investment Management Co. LLC acquired a new stake in Exzeo Group in the 4th quarter valued at about $7,059,000.

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.