Exzeo initiated with an Outperform at Citizens JMP

Citizens JMP analyst Matthew Carletti initiated coverage of Exzeo (XZO) with an Outperform rating and $27 price target Exzeo is an insurance-as-a-service platform that provides insurance technology and operations solutions to carriers and their agents, the analyst tells investors in a research note. The firm says the company’s platform targets a “significant opportunity.” It sees a growing total addressable market for Exzeo.