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QQQ   390.19 (+0.26%)
AAPL   190.40 (+0.32%)
MSFT   382.70 (+1.08%)
META   338.99 (+1.28%)
GOOGL   137.20 (+0.58%)
AMZN   147.03 (-0.47%)
TSLA   246.72 (+4.51%)
NVDA   478.21 (-0.87%)
NIO   7.21 (+0.28%)
BABA   76.72 (-1.04%)
AMD   122.01 (-0.52%)
T   16.18 (-0.19%)
F   10.39 (+0.48%)
MU   76.12 (-1.79%)
CGC   0.54 (-1.82%)
GE   118.85 (-0.93%)
DIS   92.50 (-2.81%)
AMC   6.70 (-1.47%)
PFE   29.69 (-1.49%)
PYPL   58.47 (+3.69%)
XOM   103.90 (-0.06%)
QQQ   390.19 (+0.26%)
AAPL   190.40 (+0.32%)
MSFT   382.70 (+1.08%)
META   338.99 (+1.28%)
GOOGL   137.20 (+0.58%)
AMZN   147.03 (-0.47%)
TSLA   246.72 (+4.51%)
NVDA   478.21 (-0.87%)
NIO   7.21 (+0.28%)
BABA   76.72 (-1.04%)
AMD   122.01 (-0.52%)
T   16.18 (-0.19%)
F   10.39 (+0.48%)
MU   76.12 (-1.79%)
CGC   0.54 (-1.82%)
GE   118.85 (-0.93%)
DIS   92.50 (-2.81%)
AMC   6.70 (-1.47%)
PFE   29.69 (-1.49%)
PYPL   58.47 (+3.69%)
XOM   103.90 (-0.06%)
QQQ   390.19 (+0.26%)
AAPL   190.40 (+0.32%)
MSFT   382.70 (+1.08%)
META   338.99 (+1.28%)
GOOGL   137.20 (+0.58%)
AMZN   147.03 (-0.47%)
TSLA   246.72 (+4.51%)
NVDA   478.21 (-0.87%)
NIO   7.21 (+0.28%)
BABA   76.72 (-1.04%)
AMD   122.01 (-0.52%)
T   16.18 (-0.19%)
F   10.39 (+0.48%)
MU   76.12 (-1.79%)
CGC   0.54 (-1.82%)
GE   118.85 (-0.93%)
DIS   92.50 (-2.81%)
AMC   6.70 (-1.47%)
PFE   29.69 (-1.49%)
PYPL   58.47 (+3.69%)
XOM   103.90 (-0.06%)

Root Stock Price, News & Analysis (NASDAQ:ROOT)

$9.52
+0.32 (+3.48%)
(As of 11/28/2023 ET)
Compare
Today's Range
$8.81
$9.57
50-Day Range
$8.46
$10.80
52-Week Range
$3.31
$14.80
Volume
31,505 shs
Average Volume
205,855 shs
Market Capitalization
$138.99 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.31

Root MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
12.7% Downside
$8.31 Price Target
Short Interest
Bearish
7.33% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($11.52) to ($7.80) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.54 out of 5 stars

Finance Sector

856th out of 867 stocks

Fire, Marine, & Casualty Insurance Industry

49th out of 50 stocks


ROOT stock logo

About Root Stock (NASDAQ:ROOT)

Root, Inc. provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. The company operates a direct-to-consumer model and serves customers primarily through mobile applications, as well as through its website. Its direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies. The company was incorporated in 2015 and is headquartered in Columbus, Ohio.

ROOT Stock Price History

ROOT Stock News Headlines

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Why Is Root (ROOT) Stock Down 20% Today?
Why Is Root (ROOT) Stock Up 46% Today?
Root Beer Market upto 2030
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Root Insurance Now Available in Kansas - GlobeNewswire
Root Insurance Now Available in Kansas
See More Headlines
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Company Calendar

Last Earnings
11/01/2023
Today
11/28/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/28/2024

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:ROOT
Fax
N/A
Employees
765
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.31
High Stock Price Target
$15.00
Low Stock Price Target
$3.00
Potential Upside/Downside
-13.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
8 Analysts

Profitability

Net Income
$-297,700,000.00
Pretax Margin
-54.81%

Debt

Sales & Book Value

Annual Sales
$310.80 million
Book Value
$19.51 per share

Miscellaneous

Free Float
13,090,000
Market Cap
$139.43 million
Optionable
Not Optionable
Beta
1.50
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Key Executives

  • Mr. Alexander Edward Timm (Age 34)
    Co-Founder, CEO & Director
    Comp: $3.01M
  • Mr. Matt Bonakdarpour (Age 36)
    Chief Technology Officer
    Comp: $1.6M
  • Ms. Megan Nicole Binkley (Age 39)
    Chief Financial Officer
  • Mr. Jonathan Alexander Allison
    Chief Administrative Officer
  • Mr. Matthew Patrick LaMalva (Age 37)
    Head of Investor Relations
  • Ms. Kelly Ruoff
    Chief Communications Officer
  • Ms. Jill Kellett
    Vice President of Product & Marketing
  • Mr. Frank Phillip Palmer
    Chief Insurance Officer
  • Katelynn Sandy
    Chief Information Security Officer
  • Mr. Mark LeMaster (Age 54)
    Chief Claims & Customer Service Officer














ROOT Stock Analysis - Frequently Asked Questions

Should I buy or sell Root stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Root in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ROOT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ROOT, but not buy additional shares or sell existing shares.
View ROOT analyst ratings
or view top-rated stocks.

What is Root's stock price target for 2024?

8 Wall Street research analysts have issued 12 month price targets for Root's shares. Their ROOT share price targets range from $3.00 to $15.00. On average, they anticipate the company's stock price to reach $8.31 in the next twelve months. This suggests that the stock has a possible downside of 12.7%.
View analysts price targets for ROOT
or view top-rated stocks among Wall Street analysts.

How have ROOT shares performed in 2023?

Root's stock was trading at $4.49 at the start of the year. Since then, ROOT shares have increased by 112.0% and is now trading at $9.52.
View the best growth stocks for 2023 here
.

When is Root's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our ROOT earnings forecast
.

How were Root's earnings last quarter?

Root, Inc. (NASDAQ:ROOT) posted its quarterly earnings results on Wednesday, November, 1st. The company reported ($3.16) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($3.29) by $0.13. The company had revenue of $115.30 million for the quarter, compared to the consensus estimate of $73 million. Root had a negative trailing twelve-month return on equity of 79.67% and a negative net margin of 54.81%.

When did Root's stock split?

Root's stock reverse split before market open on Monday, August 15th 2022. The 1-18 reverse split was announced on Monday, August 15th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Monday, August 15th 2022. An investor that had 100 shares of stock prior to the reverse split would have 6 shares after the split.

When did Root IPO?

(ROOT) raised $569 million in an initial public offering on Wednesday, October 28th 2020. The company issued 24,200,000 shares at $22.00-$25.00 per share. Goldman Sachs and Morgan Stanley acted as the underwriters for the IPO and Barclays, Wells Fargo Securities, Credit Suisse, Deutsche Bank Securities, Evercore ISI, Truist Securities, Cantor, JMP Securities and Siebert Williams Shank were co-managers.

Who are Root's major shareholders?

Root's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Cannell Capital LLC (2.01%), Raymond James & Associates (0.95%), GSA Capital Partners LLP (0.91%), Group One Trading L.P. (0.00%), Trexquant Investment LP (0.22%) and Raymond James Financial Services Advisors Inc. (0.17%). Insiders that own company stock include Daniel H Rosenthal, Daniel Manges, Lawrence A Hilsheimer, Mahtiyar Bonakdarpour and Meyer Malka.
View institutional ownership trends
.

How do I buy shares of Root?

Shares of ROOT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:ROOT) was last updated on 11/28/2023 by MarketBeat.com Staff

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