Root (ROOT) to Release Earnings on Wednesday

Root (NASDAQ:ROOT - Get Free Report) will likely be releasing its Q2 2025 earnings data after the market closes on Wednesday, August 6th. Analysts expect Root to post earnings of $0.44 per share and revenue of $348.36 million for the quarter.

Root (NASDAQ:ROOT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.62. The company had revenue of $349.40 million for the quarter, compared to analysts' expectations of $305.24 million. Root had a net margin of 4.11% and a return on equity of 27.33%. Root's revenue was up 37.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.42) EPS. On average, analysts expect Root to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Root Stock Down 3.6%

Root stock traded down $4.31 during mid-day trading on Friday, reaching $116.72. The stock had a trading volume of 402,088 shares, compared to its average volume of 348,230. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 36.48 and a beta of 2.26. The company has a 50-day moving average price of $130.01 and a two-hundred day moving average price of $127.06. Root has a one year low of $34.04 and a one year high of $181.14. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.26 and a quick ratio of 1.26.

Insider Activity at Root

In related news, Director Jerri Devard sold 1,895 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $141.50, for a total transaction of $268,142.50. Following the completion of the transaction, the director directly owned 18,532 shares in the company, valued at approximately $2,622,278. The trade was a 9.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Beth A. Birnbaum sold 2,852 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $138.33, for a total value of $394,517.16. Following the completion of the transaction, the director owned 14,280 shares of the company's stock, valued at $1,975,352.40. The trade was a 16.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,083 shares of company stock worth $2,805,069 in the last quarter. 11.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Root stock. AQR Capital Management LLC boosted its holdings in Root, Inc. (NASDAQ:ROOT - Free Report) by 122.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,229 shares of the company's stock after purchasing an additional 5,626 shares during the quarter. AQR Capital Management LLC owned approximately 0.07% of Root worth $1,365,000 as of its most recent SEC filing. Institutional investors own 59.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ROOT shares. Keefe, Bruyette & Woods boosted their target price on Root from $150.00 to $170.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Jefferies Financial Group boosted their target price on Root from $115.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Wall Street Zen lowered Root from a "buy" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company decreased their target price on Root from $142.00 to $118.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Finally, TD Cowen upped their price target on shares of Root from $51.00 to $125.00 and gave the company a "hold" rating in a research report on Tuesday, July 8th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Root presently has a consensus rating of "Hold" and a consensus price target of $130.50.

Root Company Profile

Root, Inc provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. It operates a direct-to-consumer model; and serves customers primarily through mobile applications, as well as through its website. The company's direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies.