Lowest-Rated StocksLowest-RatedNASDAQ:ROOT Root (ROOT) Stock Forecast, Price & News $10.39 -0.41 (-3.80%) (As of 09/21/2023 ET) Add Compare Share Share Today's Range$10.26▼$10.7550-Day Range$8.86▼$12.6352-Week Range$3.31▼$14.80Volume45,056 shsAverage Volume240,199 shsMarket Capitalization$150.66 millionP/E RatioN/ADividend YieldN/APrice Target$7.91 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Root MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside23.9% Downside$7.91 Price TargetShort InterestHealthy8.34% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.17Based on 3 Articles This WeekInsider TradingAcquiring Shares$92,279 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($11.38) to ($8.44) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.76 out of 5 starsFinance Sector716th out of 837 stocksFire, Marine, & Casualty Insurance Industry38th out of 47 stocks 1.0 Analyst's Opinion Consensus RatingRoot has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 8 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.91, Root has a forecasted downside of 23.9% from its current price of $10.39.Amount of Analyst CoverageRoot has only been the subject of 3 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted8.34% of the outstanding shares of Root have been sold short.Short Interest Ratio / Days to CoverRoot has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Root has recently decreased by 11.03%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldRoot does not currently pay a dividend.Dividend GrowthRoot does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ROOT. Previous Next 2.1 News and Social Media Coverage News SentimentRoot has a news sentiment score of -0.17. 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 lower news sentiment than the 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Root this week, compared to 0 articles on an average week.Search Interest6 people have searched for ROOT on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat Follows3 people have added Root to their MarketBeat watchlist in the last 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Root insiders have bought more of their company's stock than they have sold. Specifically, they have bought $92,279.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders10.34% 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 Institutions60.87% of the stock of Root is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Root are expected to grow in the coming year, from ($11.38) to ($8.44) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Root is -0.74, 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. SectorThe P/E ratio of Root is -0.74, 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 RatioRoot has a P/B Ratio of 0.53. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Root (NASDAQ:ROOT) StockRoot, 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.Read More ROOT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ROOT Stock News HeadlinesSeptember 20, 2023 | americanbankingnews.comRoot's (ROOT) Sector Perform Rating Reaffirmed at Royal Bank of CanadaSeptember 17, 2023 | americanbankingnews.comRoot, Inc. (NASDAQ:ROOT) Given Consensus Rating of "Hold" by AnalystsSeptember 21, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.June 30, 2023 | investorplace.comWhy Is Root (ROOT) Stock Down 20% Today?June 22, 2023 | investorplace.comWhy Is Root (ROOT) Stock Up 46% Today?May 17, 2023 | marketwatch.comRoot Beer Market upto 2030April 12, 2023 | marketwatch.comRoot Canal Irrigatos Market Size, Share and Forecast till 2030March 29, 2023 | finance.yahoo.comRoots Announces Details of its Fourth Quarter and Fiscal Year 2022 Results Conference CallSeptember 21, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.October 5, 2022 | barrons.comIndonesian President To Order Stadium Audit To Find 'Root' Of DisasterApril 17, 2022 | dallasnews.comHow to make the Biden-Harris "root causes" policy work - The Dallas Morning NewsApril 7, 2022 | finance.yahoo.comRoots Closes Out Strong Fiscal 2021 Delivering Solid Fourth Quarter Results with Continued Sales Growth, Gross Margin Expansion, and Increased ProfitabilityMarch 24, 2022 | finance.yahoo.comRoots Announces Details of its Fourth Quarter and Fiscal Year 2021 Results Conference CallFebruary 2, 2022 | finance.yahoo.comDublin recruiting startup hosts free virtual job fair for terminated Root employeesDecember 15, 2021 | reuters.comRoot needs batting support if England are to make most of pink ball - ReutersDecember 14, 2021 | theguardian.comJoe Root says ‘no excuses’ as England prepare for day-night Ashes Test battle - The GuardianDecember 14, 2021 | reuters.comEngland skipper Root backs Leach, Burns to rebound after Gabba - ReutersDecember 13, 2021 | globenewswire.comRoot Insurance Now Available in Kansas - GlobeNewswireDecember 13, 2021 | finance.yahoo.comRoot Insurance Now Available in KansasDecember 13, 2021 | dailymail.co.ukHarris plans to tackle migration 'root causes' with $540M investments from Pepsi and Microsoft - Daily MailDecember 11, 2021 | patriotswire.usatoday.comWho Patriots fans should root for during the team's Week 14 bye - Patriots WireDecember 11, 2021 | theguardian.comJoe Root defends Ashes selection and strategy after England capitulate - The GuardianDecember 10, 2021 | reuters.comRoot and Malan lead stirring England fightback - ReutersDecember 9, 2021 | news.yahoo.comEngland tree scheme takes root amid climate emergency - Yahoo NewsDecember 8, 2021 | finance.yahoo.comRoot, Inc. to Participate in the KBW Innovation in Finance Conference - Yahoo FinanceDecember 8, 2021 | theguardian.comJosh Hazlewood’s perfect Ashes miniature leaves Joe Root trapped - The GuardianDecember 8, 2021 | reuters.comEngland's Root made wrong call by batting first, says Hussain - ReutersSee 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. Email Address ROOT Company Calendar Last Earnings8/02/2023Today9/21/2023Next Earnings (Estimated)11/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Fire, marine, & casualty insurance Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:ROOT CUSIPN/A CIK1788882 Webjoinroot.com Phone866-980-9431FaxN/AEmployees765Year FoundedN/APrice Target and Rating Average Stock Price Forecast$7.91 High Stock Price Forecast$15.00 Low Stock Price Forecast$3.00 Forecasted Upside/Downside-23.9%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)($14.10) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-297,700,000.00 Net Margins-68.96% Pretax Margin-69.78% Return on Equity-75.00% Return on Assets-15.70% Debt Debt-to-Equity Ratio1.39 Current Ratio1.82 Quick Ratio1.82 Sales & Book Value Annual Sales$310.80 million Price / Sales0.48 Cash FlowN/A Price / Cash FlowN/A Book Value$19.51 per share Price / Book0.53Miscellaneous Outstanding Shares14,500,000Free Float13,001,000Market Cap$150.66 million OptionableNot Optionable Beta1.53 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Alexander Edward Timm (Age 34)Co-Founder, CEO & Director Comp: $3.01MMr. Matt Bonakdarpour (Age 36)Chief Technology Officer Comp: $1.6MMr. Daniel Craig Manges (Age 38)Co-Founder & Advisor Ms. Megan Nicole Binkley (Age 39)Principal Accounting Officer, CFO & Treasurer Mr. Jonathan Alexander AllisonChief Admin. OfficerMs. Christine PatrickVP of Investor RelationsMs. Kelly RuoffChief Communications OfficerMs. Jill KellettVP of Product & MarketingMr. Frank Phillip PalmerChief Insurance OfficerKatelynn SandyChief Information Security OfficerMore ExecutivesKey CompetitorsHeritage InsuranceNYSE:HRTGMaidenNASDAQ:MHLDKingsway Financial ServicesNYSE:KFSHippoNYSE:HIPOICCNASDAQ:ICCHView All CompetitorsInsiders & InstitutionsMahtiyar BonakdarpourBought 713 shares on 8/24/2023Total: $7,008.79 ($9.83/share)Mahtiyar BonakdarpourBought 9,485 shares on 8/22/2023Total: $85,270.15 ($8.99/share)Hudson Bay Capital Management LPBought 70,614 shares on 8/15/2023Ownership: 0.487%Citadel Advisors LLCBought 16,200 shares on 8/15/2023Ownership: 0.000%State Street CorpSold 104,503 shares on 8/14/2023Ownership: 0.257%View All Insider TransactionsView All Institutional Transactions ROOT Stock - Frequently Asked Questions Should I buy or sell Root stock right now? 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Root in the last year. There are currently 1 sell rating, 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2023? 10 brokerages have issued 1-year target prices for Root's stock. Their ROOT share price forecasts range from $3.00 to $15.00. On average, they predict the company's share price to reach $7.91 in the next year. This suggests that the stock has a possible downside of 23.9%. 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 beginning of the year. Since then, ROOT stock has increased by 131.4% and is now trading at $10.39. 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, November 8th 2023. View our ROOT earnings forecast. How were Root's earnings last quarter? Root, Inc. (NASDAQ:ROOT) released its earnings results on Wednesday, August, 2nd. The company reported ($2.55) earnings per share for the quarter, beating analysts' consensus estimates of ($3.00) by $0.45. The business had revenue of $74.80 million for the quarter, compared to analyst estimates of $73 million. Root had a negative net margin of 68.96% and a negative trailing twelve-month return on equity of 75.00%. When did Root's stock split? Root shares 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 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." Who are Root's major shareholders? Root's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (1.27%), BlackRock Inc. (0.85%), Geode Capital Management LLC (0.54%), Hudson Bay Capital Management LP (0.49%), Simplex Trading LLC (0.00%) and State Street Corp (0.26%). 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. What is Root's stock price today? One share of ROOT stock can currently be purchased for approximately $10.39. How much money does Root make? Root (NASDAQ:ROOT) has a market capitalization of $150.66 million and generates $310.80 million in revenue each year. The company earns $-297,700,000.00 in net income (profit) each year or ($14.10) on an earnings per share basis. How many employees does Root have? The company employs 765 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 9/21/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Root, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 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. 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