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.

(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 .

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

1.0

Analyst's Opinion

Consensus Rating
Root has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $8.31, Root has a forecasted downside of 12.7% from its current price of $9.52.
Amount of Analyst Coverage
Root has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
7.33% of the outstanding shares of Root have been sold short.
Short Interest Ratio / Days to Cover
Root has a short interest ratio ("days to cover") of 13.6, which indicates bearish sentiment.
Change versus previous month
Short interest in Root has recently decreased by 6.96%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Root does not currently pay a dividend.
Dividend Growth
Root does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ROOT.

3.8

News and Social Media Coverage

News Sentiment
Root has a news sentiment score of 1.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Root this week, compared to 0 articles on an average week.
Search Interest
6 people have searched for ROOT on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Root insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.34% of the stock of Root is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
60.87% of the stock of Root is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Root are expected to grow in the coming year, from ($11.52) to ($7.80) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Root is -0.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Root is -0.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Root has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

ROOT Stock News Headlines

November 15, 2023 | msn.com

Trump's "vermin" speech again draws scrutiny to extreme rhetoric

November 13, 2023 | msn.com

Trump compares opponents to 'vermin' who he will 'root out,' alarming historians

November 28, 2023 | Autonomix (Ad)

[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

November 13, 2023 | msn.com

Trump issues sinister threat to 'root out' leftists if elected in 2024

November 6, 2023 | msn.com

Lavrov: The USA is the Evil Root that Needn't Be Uprooted; a Chemical Solution Exists

June 30, 2023 | investorplace.com

Why Is Root (ROOT) Stock Down 20% Today?

June 22, 2023 | investorplace.com

Why Is Root (ROOT) Stock Up 46% Today?

May 17, 2023 | marketwatch.com

Root Beer Market upto 2030

November 28, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

April 12, 2023 | marketwatch.com

Root Canal Irrigatos Market Size, Share and Forecast till 2030

March 29, 2023 | finance.yahoo.com

Roots Announces Details of its Fourth Quarter and Fiscal Year 2022 Results Conference Call

October 5, 2022 | barrons.com

Indonesian President To Order Stadium Audit To Find 'Root' Of Disaster

April 17, 2022 | dallasnews.com

How to make the Biden-Harris "root causes" policy work - The Dallas Morning News

April 7, 2022 | finance.yahoo.com

Roots Closes Out Strong Fiscal 2021 Delivering Solid Fourth Quarter Results with Continued Sales Growth, Gross Margin Expansion, and Increased Profitability

March 24, 2022 | finance.yahoo.com

Roots Announces Details of its Fourth Quarter and Fiscal Year 2021 Results Conference Call

February 2, 2022 | finance.yahoo.com

Dublin recruiting startup hosts free virtual job fair for terminated Root employees

December 15, 2021 | reuters.com

Root needs batting support if England are to make most of pink ball - Reuters

December 14, 2021 | theguardian.com

Joe Root says ‘no excuses’ as England prepare for day-night Ashes Test battle - The Guardian

December 14, 2021 | reuters.com

England skipper Root backs Leach, Burns to rebound after Gabba - Reuters

December 13, 2021 | globenewswire.com

Root Insurance Now Available in Kansas - GlobeNewswire

December 13, 2021 | finance.yahoo.com

Root Insurance Now Available in Kansas

December 13, 2021 | dailymail.co.uk

Harris plans to tackle migration 'root causes' with $540M investments from Pepsi and Microsoft - Daily Mail

December 11, 2021 | patriotswire.usatoday.com

Who Patriots fans should root for during the team's Week 14 bye - Patriots Wire

December 11, 2021 | theguardian.com

Joe Root defends Ashes selection and strategy after England capitulate - The Guardian

December 10, 2021 | reuters.com

Root and Malan lead stirring England fightback - Reuters

December 9, 2021 | news.yahoo.com

England tree scheme takes root amid climate emergency - Yahoo News

December 8, 2021 | finance.yahoo.com

Root, Inc. to Participate in the KBW Innovation in Finance Conference - Yahoo Finance

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.

Company Calendar

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Fire, marine, & casualty insurance
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:ROOT
CUSIP: N/A
CIK: 1788882
Web: joinroot.com
Phone: 866-980-9431
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

EPS (Most Recent Fiscal Year): ($12.72)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-297,700,000.00
Net Margins: -54.81%
Pretax Margin: -54.81%
Return on Equity: -79.67%
Return on Assets: -14.69%

Debt

Debt-to-Equity Ratio: 1.68
Current Ratio: 1.68
Quick Ratio: 1.68

Sales & Book Value

Annual Sales: $310.80 million
Price / Sales: 0.45
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $19.51 per share
Price / Book: 0.49

Miscellaneous

Outstanding Shares: 14,600,000
Free Float: 13,090,000
Market Cap: $139.43 million
Optionable: Not Optionable
Beta: 1.50

Beginners Guide To Retirement Stocks

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial