Root - ROOT Stock Forecast, Price & News

8 Wall Street 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 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.
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8 brokerages have issued twelve-month target prices for Root's shares. Their ROOT share price forecasts range from $6.00 to $32.40. On average, they anticipate the company's stock price to reach $15.44 in the next year. This suggests a possible upside of 152.3% from the stock's current price.
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Root's stock was trading at $4.49 on January 1st, 2023. Since then, ROOT stock has increased by 36.3% and is now trading at $6.12.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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Root will be holding an earnings conference call on Thursday, February 23rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Root, Inc. (NASDAQ:ROOT) posted its quarterly earnings data on Wednesday, November, 9th. The company reported ($4.54) earnings per share for the quarter, beating analysts' consensus estimates of ($6.01) by $1.47. The business had revenue of $73.70 million for the quarter, compared to the consensus estimate of $75.74 million. Root had a negative trailing twelve-month return on equity of 78.93% and a negative net margin of 102.25%.

Root shares 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 market closes 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 a price of $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.

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

Root's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Daniel H Rosenthal, Daniel Manges, Lawrence A Hilsheimer and Meyer Malka.
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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.
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One share of ROOT stock can currently be purchased for approximately $6.12.

Root (NASDAQ:ROOT) has a market capitalization of $86.29 million and generates $345.40 million in revenue each year. The company earns $-521,100,000.00 in net income (profit) each year or ($24.3242) on an earnings per share basis.

The company employs 1,571 workers across the globe.

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.