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Root (ROOT) Stock Forecast, Price & News

$10.39
-0.41 (-3.80%)
(As of 09/21/2023 ET)
Compare
Today's Range
$10.26
$10.75
50-Day Range
$8.86
$12.63
52-Week Range
$3.31
$14.80
Volume
45,056 shs
Average Volume
240,199 shs
Market Capitalization
$150.66 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.91

Root MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
23.9% Downside
$7.91 Price Target
Short Interest
Healthy
8.34% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.17mentions of Root in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$92,279 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($11.38) to ($8.44) Per Share

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 stars

Finance Sector

716th out of 837 stocks

Fire, Marine, & Casualty Insurance Industry

38th out of 47 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.

ROOT Price History

ROOT Stock News Headlines

Root, Inc. (NASDAQ:ROOT) Given Consensus Rating of "Hold" by Analysts
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.
Why Is Root (ROOT) Stock Down 20% Today?
Why Is Root (ROOT) Stock Up 46% Today?
Root Beer Market upto 2030
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.
Root Insurance Now Available in Kansas - GlobeNewswire
Root Insurance Now Available in Kansas
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
8/02/2023
Today
9/21/2023
Next Earnings (Estimated)
11/08/2023
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
765
Year Founded
N/A

Price 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 Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$-297,700,000.00
Pretax Margin
-69.78%

Debt

Sales & Book Value

Annual Sales
$310.80 million
Book Value
$19.51 per share

Miscellaneous

Free Float
13,001,000
Market Cap
$150.66 million
Optionable
Not Optionable
Beta
1.53
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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
  • Mr. Daniel Craig Manges (Age 38)
    Co-Founder & Advisor
  • Ms. Megan Nicole Binkley (Age 39)
    Principal Accounting Officer, CFO & Treasurer
  • Mr. Jonathan Alexander Allison
    Chief Admin. Officer
  • Ms. Christine Patrick
    VP of Investor Relations
  • Ms. Kelly Ruoff
    Chief Communications Officer
  • Ms. Jill Kellett
    VP of Product & Marketing
  • Mr. Frank Phillip Palmer
    Chief Insurance Officer
  • Katelynn Sandy
    Chief Information Security Officer













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

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