Exzeo Group, Inc.’s Quiet Period Set To Expire on December 15th (NYSE:XZO)

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 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. During Exzeo Group’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

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

Exzeo Group Stock Up 2.5%

NYSE XZO opened at $18.16 on Monday. Exzeo Group has a fifty-two week low of $12.91 and a fifty-two week high of $21.75.

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.