Root Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Root in the last year. There are currently 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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.
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1,428 employees have rated Root CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 59% among Root's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Root is scheduled to release its next quarterly earnings announcement on Tuesday, March 2nd 2021.
View our earnings forecast for Root.

Root, Inc. (NASDAQ:ROOT) announced its quarterly earnings results on Monday, November, 30th. The company reported ($2.20) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.36) by $1.84. The firm had revenue of $50.50 million for the quarter, compared to analyst estimates of $50.90 million.
View Root's earnings history.

13 brokers have issued twelve-month price objectives for Root's stock. Their forecasts range from $13.00 to $30.00. On average, they expect Root's share price to reach $22.75 in the next year. This suggests a possible upside of 27.2% from the stock's current price.
View analysts' price targets for Root or view Wall Street analyst' top-rated stocks.

Some companies that are related to Root include KeyCorp (KEY), Société Générale Société anonyme (SCGLY), Regions Financial (RF), KB Financial Group (KB), Citizens Financial Group (CFG), Nomura (NMR), Grupo Financiero Banorte (GBOOY), Invitation Homes (INVH), Healthpeak Properties (PEAK), Danske Bank A/S (DNKEY), Essex Property Trust (ESS), Legal & General Group Plc (LGEN.L) (LGEN), Shinhan Financial Group (SHG), Sun Communities (SUI) and Ally Financial (ALLY).
View all of ROOT's competitors.

(ROOT) raised $569 million in an IPO on Wednesday, October 28th 2020. The company issued 24,200,000 shares at a price of $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.

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

Root's lock-up period expires on Monday, April 26th. Root had issued 26,830,845 shares in its public offering on October 28th. The total size of the offering was $724,432,815 based on an initial share price of $27.00. After the expiration of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

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.

One share of ROOT stock can currently be purchased for approximately $17.88.

Root has a market capitalization of $4.48 billion. Root employs 977 workers across the globe.

The official website for Root is joinroot.com.

The company can be reached via phone at 866 980 9431.