Root Stock Forecast, Price & News

Root (NASDAQ:ROOT) Frequently Asked Questions

Is Root a buy right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Root in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Root stock. 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 analyst ratings for Root or view top-rated stocks.

Are investors shorting Root?

Root saw a decrease in short interest during the month of November. As of November 30th, there was short interest totaling 13,220,000 shares, a decrease of 19.5% from the November 15th total of 16,420,000 shares. Based on an average daily volume of 7,200,000 shares, the short-interest ratio is currently 1.8 days. Approximately 22.1% of the shares of the stock are sold short.
View Root's Short Interest.

When is Root's next earnings date?

Root is scheduled to release its next quarterly earnings announcement on Thursday, February 24th 2022.
View our earnings forecast for Root.

How were Root's earnings last quarter?

Root, Inc. (NASDAQ:ROOT) released its quarterly earnings data on Wednesday, November, 10th. The company reported ($0.53) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.70) by $0.17. The firm had revenue of $93.80 million for the quarter, compared to the consensus estimate of $67.40 million. During the same period last year, the company earned ($2.20) earnings per share.
View Root's earnings history.

What price target have analysts set for ROOT?

13 equities research analysts have issued 1 year price objectives for Root's shares. Their forecasts range from $3.00 to $13.00. On average, they anticipate Root's share price to reach $6.81 in the next twelve months. This suggests a possible upside of 153.1% from the stock's current price.
View analysts' price targets for Root or view top-rated stocks among Wall Street analysts.

Who are Root's key executives?

Root's management team includes the following people:

• Mr. Alexander Edward Timm, Co-Founder, CEO & Director (Age 32, Pay $3.86M)
• Mr. Daniel Craig Manges, Co-Founder & CTO (Age 35, Pay $2.37M)
• Mr. Daniel Harris Rosenthal, CFO & Director (Age 46, Pay $1.94M)
• Megan Binkley, Chief Accounting Officer
• Jonathan Alexander Allison, Gen. Counsel & Sec.
• Mr. Tom Kuhn, Director of Communications
• Ms. Annette Reavis, Chief People Officer
• Ms. Lauren Gruenebaum, Chief Growth Officer
• Mr. Kumi D. Walker, Chief Bus. Devel. & Strategy Officer (Age 43)
• Mr. David Martin, Chief Data Scientist

Who are some of Root's key competitors?

Some companies that are related to Root include First National Financial (FN), WSFS Financial (WSFS), Arbor Realty Trust (ABR), Golub Capital BDC (GBDC), LondonMetric Property (LMP), Sunstone Hotel Investors (SHO), First Midwest Bancorp (FMBI), BancFirst (BANF), Fortress Transportation and Infrastructure Investors (FTAI), First Financial Bancorp. (FFBC), TowneBank (TOWN), New World Development (NDVLY), First Merchants (FRME), Independence Realty Trust (IRT) and Virgin Money UK (CBBYF).
View all of ROOT's competitors.

When did Root IPO?

(ROOT) raised $569 million in an IPO on Wednesday, October 28th 2020. The company issued 24,200,000 shares at $22.00-$25.00 per share. Goldman Sachs and Morgan Stanley served 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.

What is Root's stock symbol?

Root trades on the NASDAQ under the ticker symbol "ROOT."

How do I buy shares of Root?

Shares of ROOT 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.

What is Root's stock price today?

One share of ROOT stock can currently be purchased for approximately $2.69.

How much money does Root make?

Root has a market capitalization of $679.23 million and generates $346.80 million in revenue each year.

How many employees does Root have?

Root employs 1,002 workers across the globe.

What is Root's official website?

The official website for Root is joinroot.com.