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S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Bed Bath & Beyond Is Circling the Drain
AMD Results Are No Reason To Buy Semiconductors... Yet
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Institutions are Buying up Procter & Gamble Shares, Should you?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Bed Bath & Beyond Is Circling the Drain
AMD Results Are No Reason To Buy Semiconductors... Yet
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Institutions are Buying up Procter & Gamble Shares, Should you?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Bed Bath & Beyond Is Circling the Drain
AMD Results Are No Reason To Buy Semiconductors... Yet
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Institutions are Buying up Procter & Gamble Shares, Should you?
NASDAQ:ROOT

Root - ROOT Stock Forecast, Price & News

$6.12
+0.24 (+4.08%)
(As of 02/1/2023 12:00 AM ET)
Add
Compare
Today's Range
$5.72
$6.22
50-Day Range
$4.16
$7.53
52-Week Range
$4.06
$42.66
Volume
222,878 shs
Average Volume
157,186 shs
Market Capitalization
$86.29 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$15.44

Root MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
152.3% Upside
$15.44 Price Target
Short Interest
Bearish
20.77% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$163,439 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($21.00) to ($15.97) Per Share

Overall MarketRank

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

2.60 out of 5 stars

Finance Sector

221st out of 895 stocks

Fire, Marine, & Casualty Insurance Industry

11th out of 49 stocks


ROOT stock logo

About Root (NASDAQ:ROOT) Stock

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.

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ROOT Stock News Headlines

Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Root Insurance Now Available in Kansas - GlobeNewswire
Root Insurance Now Available in Kansas
Root, Inc. Reveals Work Where It Works Best Principles
See More Headlines
Receive ROOT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Root and its competitors with MarketBeat's FREE daily newsletter.

ROOT Company Calendar

Last Earnings
11/09/2022
Today
2/01/2023
Next Earnings (Confirmed)
2/22/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:ROOT
Fax
N/A
Employees
1,571
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$15.44
High Stock Price Forecast
$32.40
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+152.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
8 Analysts

Profitability

Net Income
$-521,100,000.00
Net Margins
-102.25%
Pretax Margin
-102.25%

Debt

Sales & Book Value

Annual Sales
$345.40 million
Book Value
$38.16 per share

Miscellaneous

Free Float
10,210,000
Market Cap
$86.29 million
Optionable
Not Optionable
Beta
0.71

Key Executives

  • Mr. Alexander Edward Timm (Age 33)
    Co-Founder, CEO & Director
    Comp: $718.47k
  • Mr. Daniel Craig Manges (Age 37)
    Co-Founder & Advisor
    Comp: $544.48k
  • Mr. Daniel Harris Rosenthal (Age 47)
    Chief Revenue & Operating Officer & Director
    Comp: $956.45k
  • Mr. Jonathan Alexander Allison
    Chairman & Gen. Counsel
  • Mr. Robert Harold Bateman Jr. (Age 55)
    Chief Financial Officer
  • Megan Binkley
    Chief Accounting Officer
  • Mr. Matt Bonakdarpour (Age 35)
    Chief Technology Officer
  • Ms. Christine Patrick
    VP of Investor Relations
  • Mr. Tom Kuhn
    Director of External Communications
  • Ms. Michele Streitmatter
    Chief People & Organizational Effectiveness Officer













ROOT Stock - Frequently Asked Questions

Should I buy or sell Root stock right now?

8 Wall Street 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 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 forecast for 2023?

8 brokerages have issued twelve-month target prices for Root's shares. Their ROOT share price forecasts range from $6.00 to $32.40. On average, they anticipate the company's stock price to reach $15.44 in the next year. This suggests a possible upside of 152.3% from the stock's current price.
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 on January 1st, 2023. Since then, ROOT stock has increased by 36.3% and is now trading at $6.12.
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 22nd 2023.
View our ROOT earnings forecast
.

How can I listen to Root's earnings call?

Root will be holding an earnings conference call on Thursday, February 23rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Root's earnings last quarter?

Root, Inc. (NASDAQ:ROOT) posted its quarterly earnings data on Wednesday, November, 9th. The company reported ($4.54) earnings per share for the quarter, beating analysts' consensus estimates of ($6.01) by $1.47. The business had revenue of $73.70 million for the quarter, compared to the consensus estimate of $75.74 million. Root had a negative trailing twelve-month return on equity of 78.93% and a negative net margin of 102.25%.

When did Root's stock split?

Root shares reverse split on the morning of 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 market closes 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 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.

What is Root's stock symbol?

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

Who are Root's major shareholders?

Root's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Daniel H Rosenthal, Daniel Manges, Lawrence A Hilsheimer 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.

What is Root's stock price today?

One share of ROOT stock can currently be purchased for approximately $6.12.

How much money does Root make?

Root (NASDAQ:ROOT) has a market capitalization of $86.29 million and generates $345.40 million in revenue each year. The company earns $-521,100,000.00 in net income (profit) each year or ($24.3242) on an earnings per share basis.

How many employees does Root have?

The company employs 1,571 workers across the globe.

How can I contact Root?

The official website for the company is joinroot.com. The company can be reached via phone at 866-980-9431 or via email at ir@joinroot.com.

This page (NASDAQ:ROOT) was last updated on 2/2/2023 by MarketBeat.com Staff