Root (ROOT) to Release Earnings on Wednesday

Root (NASDAQ:ROOT - Get Free Report) is projected to post its Q1 2025 quarterly earnings results after the market closes on Wednesday, May 7th. Analysts expect Root to post earnings of $0.33 per share and revenue of $305.24 million for the quarter.

Root (NASDAQ:ROOT - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of ($0.63) by $1.93. The company had revenue of $326.70 million for the quarter, compared to analyst estimates of $287.79 million. Root had a negative return on equity of 9.81% and a negative net margin of 1.56%. On average, analysts expect Root to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Root Stock Performance

ROOT traded up $6.46 during trading on Friday, hitting $143.09. The stock had a trading volume of 414,470 shares, compared to its average volume of 510,437. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a 50 day moving average price of $135.50 and a 200-day moving average price of $101.82. Root has a one year low of $34.04 and a one year high of $181.14. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -116.33 and a beta of 2.41.

Analyst Ratings Changes

ROOT has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on shares of Root from $90.00 to $150.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Jefferies Financial Group lifted their price target on shares of Root from $115.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Wells Fargo & Company increased their price target on Root from $97.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Scotiabank restated a "sector perform" rating on shares of Root in a research note on Sunday, March 2nd. Finally, UBS Group upped their target price on Root from $67.00 to $130.00 and gave the company a "neutral" rating in a research report on Friday, March 7th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $112.67.

Insider Activity at Root

In other Root news, major shareholder Meyer Malka sold 225,000 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $135.81, for a total value of $30,557,250.00. Following the completion of the transaction, the insider now directly owns 503,800 shares in the company, valued at approximately $68,421,078. This trade represents a 30.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alexander E. Timm sold 1,144 shares of Root stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $134.01, for a total value of $153,307.44. Following the sale, the chief executive officer now directly owns 161,625 shares in the company, valued at $21,659,366.25. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 233,659 shares of company stock valued at $31,748,719 over the last ninety days. 11.71% of the stock is owned by corporate insiders.

About Root

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.