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NASDAQ:ROOT

Root Stock Forecast, Price & News

$14.26
-0.04 (-0.28 %)
(As of 12/4/2020 12:00 AM ET)
Add
Compare
Today's Range
$13.78
Now: $14.26▼
$14.59
50-Day Range N/A
52-Week Range
$13.78
Now: $14.26▼
$29.48
Volume2.27 million shs
Average Volume1.99 million shs
Market Capitalization$3.56 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Root Inc. is the parent company of Root Insurance, the nation's first licensed insurance carrier powered entirely by mobile. We were founded on the belief that the services you need for everyday life should serve you better. That's why we base insurance coverages on you, not your demographic. It's the way insurance should be. And it's all conveniently in an app. Root is headquartered in Columbus, Ohio, with renters insurance available in Arkansas, Missouri, Ohio, Georgia, Kentucky, Nevada, Tennessee, and Utah, and auto insurance currently available to drivers in Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Mexico, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and West Virginia. For more information, visit https://www.joinroot.com and get a free quote. Sign up online or download the app.

Beat the Market (BTM) Rank™

Analyst Opinion: 4.2Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.21 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Insurance—Property & Casualty
Sub-IndustryN/A
SectorFinancial Services
Current SymbolNASDAQ:ROOT
Previous Symbol
CUSIPN/A
CIKN/A
Webjoinroot.com
Phone866 980 9431
Employees901

Debt

Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / Cash FlowN/A
Book ValueN/A
Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

Outstanding Shares249,351,000
Market Cap$3.56 billion
Next Earnings Date3/2/2021 (Estimated)
OptionableNot Optionable
$14.26
-0.04 (-0.28 %)
(As of 12/4/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Root (NASDAQ:ROOT) Frequently Asked Questions

Do Wall Street analysts recommend investors buy shares of Root?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Root in the last year. There are currently 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Root or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Root?

Wall Street analysts have given Root a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Root wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Root's next earnings date?

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

How were Root's earnings last quarter?

Root, Inc. (NASDAQ:ROOT) issued its earnings results on Monday, November, 30th. The company reported ($2.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by $1.84.
View Root's earnings history.

What price target have analysts set for ROOT?

12 brokerages have issued 12-month price objectives for Root's shares. Their forecasts range from $20.00 to $30.00. On average, they expect Root's stock price to reach $23.64 in the next twelve months. This suggests a possible upside of 65.8% from the stock's current price.
View analysts' price targets for Root.

Who are some of Root's key competitors?

Some companies that are related to Root include Royal Bank of Scotland Group (RBS), NatWest Group plc (NWG.L) (NWG), Fairfax Financial Holdings Limited (FFH.TO) (FFH), Standard Chartered PLC (STAN.L) (STAN), 3i Group Plc (III.L) (III), IGM Financial Inc. (IGM.TO) (IGM), Talanx AG (TLX.F) (TLX), Admiral Group plc (ADM.L) (ADM), Phoenix Group Holdings plc (PHNX.L) (PHNX), Commerzbank AG (CBK.F) (CBK), DWS Group GmbH & Co. KGaA (DWS.F) (DWS), Onex Co. (ONEX.TO) (ONEX), iA Financial Co. Inc. (IAG.TO) (IAG), Element Fleet Management Corp. (EFN.TO) (EFN) and Standard Life Aberdeen plc (SLA.L) (SLA).
View all competitors.

Who are Root's key executives?

Root's management team includes the following people:
  • Mr. Alexander Edward Timm, Co-Founder, CEO & Director (Age 32, Pay $398.83k)
  • Mr. Daniel Manges, Co-Founder & CTO (Age 35, Pay $310k)
  • Mr. Daniel Harris Rosenthal, CFO & Director (Age 45, Pay $268.75k)
  • Megan Binkley, Chief Accounting Officer
  • Jonathan Alexander Allison, Gen. Counsel & Sec.

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.

What is Root's stock symbol?

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

When does Root's quiet period expire?

Root's quiet period expires on Monday, December 7th. Root had issued 26,830,845 shares in its initial public offering on October 28th. The total size of the offering was $724,432,815 based on an initial share price of $27.00. During Root's quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

How do I buy shares of Root?

Shares of ROOT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Root's stock price today?

One share of ROOT stock can currently be purchased for approximately $14.26.

How big of a company is Root?

Root has a market capitalization of $3.56 billion. Root employs 901 workers across the globe.

What is Root's official website?

The official website for Root is joinroot.com.

How can I contact Root?

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

This page was last updated on 12/4/2020 by MarketBeat.com Staff
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