Exzeo Group, Inc.’s (NYSE:XZO) Quiet Period Will Expire Tomorrow

Exzeo Group’s (NYSE:XZO) quiet period is set to end on Monday, December 15th. Exzeo Group had issued 8,000,000 shares in its public offering on November 5th. The total size of the offering was $168,000,000 based on an initial share price of $21.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

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

Exzeo Group Trading Down 1.2%

NYSE:XZO opened at $19.71 on Friday. Exzeo Group has a 1 year low of $12.91 and a 1 year high of $21.75.

Exzeo Group (NYSE:XZO) last posted its earnings results on Wednesday, December 10th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. The firm had revenue of $55.17 million during the quarter, compared to analyst estimates of $54.40 million.

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.