Exzeo Group, Inc.’s Lock-Up Period To End Tomorrow (NYSE:XZO)

Exzeo Group’s (NYSE:XZO) lock-up period is set to end on Monday, May 4th. Exzeo Group had issued 8,000,000 shares in its initial public offering on November 5th. The total size of the offering was $168,000,000 based on an initial share price of $21.00. After the end of Exzeo Group’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Weiss Ratings cut shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Wall Street Zen raised shares of Exzeo Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Three 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. Based on data from MarketBeat.com, Exzeo Group currently has an average rating of “Hold” and an average target price of $26.00.

Exzeo Group Stock Performance

Shares of NYSE XZO opened at $16.38 on Friday. Exzeo Group has a fifty-two week low of $12.91 and a fifty-two week high of $24.60. The company has a market cap of $1.49 billion and a PE ratio of 32.76. The company has a 50-day simple moving average of $15.57.

Exzeo Group (NYSE:XZO) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.12. The business had revenue of $53.32 million during the quarter, compared to analysts’ expectations of $41.50 million. As a group, equities analysts predict that Exzeo Group will post 0.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Paresh Patel purchased 2,000 shares of the business’s stock in a transaction on Monday, April 20th. The stock was purchased at an average cost of $17.48 per share, with a total value of $34,960.00. Following the acquisition, the chief executive officer directly owned 1,620,013 shares in the company, valued at approximately $28,317,827.24. This trade represents a 0.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have purchased 30,000 shares of company stock valued at $474,700.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new position in Exzeo Group in the 1st quarter valued at $678,000. Zimmer Partners LP bought a new position in Exzeo Group in the 4th quarter valued at $1,819,000. Ophir Asset Management Pty Ltd bought a new position in Exzeo Group in the 4th quarter valued at $23,907,000. Millennium Management LLC bought a new position in Exzeo Group in the 4th quarter valued at $3,799,000. Finally, Ionic Capital Management LLC bought a new position in Exzeo Group in the 4th quarter valued at $328,000.

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.