NASDAQ:ROOT

Root (ROOT) Stock Price, News & Analysis

$65.58
+3.77 (+6.10%)
(As of 05/17/2024 ET)
Today's Range
$61.20
$70.34
50-Day Range
$42.65
$82.90
52-Week Range
$4.29
$86.57
Volume
613,667 shs
Average Volume
655,757 shs
Market Capitalization
$977.14 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$40.75

Root MarketRank™ Stock Analysis

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
37.9% Downside
$40.75 Price Target
Short Interest
Bearish
8.72% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$805,714 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($6.59) to ($4.75) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.15 out of 5 stars

Finance Sector

769th out of 874 stocks

Fire, Marine, & Casualty Insurance Industry

45th out of 52 stocks

ROOT stock logo

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. It operates a direct-to-consumer model; and serves customers primarily through mobile applications, as well as through its website. The company's direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies. Root, Inc. was incorporated in 2015 and is headquartered in Columbus, Ohio.

ROOT Stock Price History

ROOT Stock News Headlines

Root, Inc. Announces 2024 First Quarter Results
Why Is Root (ROOT) Stock Down 20% Today?
Why Is Root (ROOT) Stock Up 46% Today?
Root Beer Market upto 2030
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Today
5/17/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
N/A
Current Symbol
NASDAQ:ROOT
Fax
N/A
Employees
680
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.75
High Stock Price Target
$90.00
Low Stock Price Target
$3.00
Potential Upside/Downside
-37.9%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$-147,400,000.00
Pretax Margin
-17.61%

Debt

Sales & Book Value

Annual Sales
$455 million
Book Value
$11.12 per share

Miscellaneous

Free Float
13,359,000
Market Cap
$977.14 million
Optionable
Not Optionable
Beta
2.72
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Key Executives

  • Mr. Alexander Edward Timm (Age 34)
    Co-Founder, CEO & Director
    Comp: $3.01M
  • Mr. Matt Bonakdarpour (Age 36)
    President & CTO
    Comp: $1.6M
  • Ms. Megan Nicole Binkley (Age 40)
    Chief Financial Officer
  • Mr. Ryan William Forish (Age 41)
    Chief Accounting Officer
  • Mr. Jonathan Alexander Allison
    Chief Administrative Officer
  • Mr. Matthew Patrick LaMalva (Age 38)
    Head of Investor Relations
  • Ms. Kelly Ruoff
    Chief Communications Officer
  • Ms. Jill Kellett
    Vice President of Product & Marketing
  • Katelynn Sandy
    Chief Information Security Officer
  • Mr. Mark LeMaster (Age 55)
    Chief Claims & Customer Service Officer

ROOT Stock Analysis - Frequently Asked Questions

Should I buy or sell Root stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Root in the last year. There are currently 5 hold ratings and 4 buy ratings 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 target for 2024?

9 analysts have issued 12 month target prices for Root's stock. Their ROOT share price targets range from $3.00 to $90.00. On average, they predict the company's stock price to reach $40.75 in the next twelve months. This suggests that the stock has a possible downside of 37.9%.
View analysts price targets for ROOT
or view top-rated stocks among Wall Street analysts.

How have ROOT shares performed in 2024?

Root's stock was trading at $10.48 at the beginning of the year. Since then, ROOT stock has increased by 525.8% and is now trading at $65.58.
View the best growth stocks for 2024 here
.

When is Root's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our ROOT earnings forecast
.

How were Root's earnings last quarter?

Root, Inc. (NASDAQ:ROOT) issued its quarterly earnings data on Tuesday, April, 30th. The company reported ($0.42) EPS for the quarter, beating analysts' consensus estimates of ($2.51) by $2.09. The firm earned $254.90 million during the quarter, compared to the consensus estimate of $203.99 million. Root had a negative net margin of 17.61% and a negative trailing twelve-month return on equity of 62.36%. The company's revenue for the quarter was up 263.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.88) EPS.

When did Root's stock split?

Shares of Root 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 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 (ROOT) raised $569 million in an IPO 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 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.

Who are Root's major shareholders?

Root's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (2.64%), Schusterman Interests LLC (1.63%), GSA Capital Partners LLP (0.53%), Tidal Investments LLC (0.22%), Raymond James Financial Services Advisors Inc. (0.17%) and Mirae Asset Global Investments Co. Ltd. (0.13%). Insiders that own company stock include Daniel H Rosenthal, Daniel Manges, Jonathan Allison, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ROOT) was last updated on 5/17/2024 by MarketBeat.com Staff

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