NASDAQ:ROOT Root (ROOT) Stock Price, News & Analysis $67.85 +1.57 (+2.37%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$65.47▼$69.7850-Day Range$42.40▼$80.9752-Week Range$7.22▼$86.57Volume190,559 shsAverage Volume554,720 shsMarket Capitalization$1.01 billionP/E RatioN/ADividend YieldN/APrice Target$41.89 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrends Get Root alerts: Email Address Root MarketRank™ Stock AnalysisAnalyst RatingHold2.44 Rating ScoreUpside/Downside38.3% Downside$41.89 Price TargetShort InterestBearish12.08% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.29Based on 2 Articles This WeekInsider TradingSelling Shares$881,481 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($4.03) to ($2.51) Per ShareSee Full Details Hide Full Details 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.0.61 out of 5 starsFinance Sector858th out of 898 stocksFire, Marine, & Casualty Insurance Industry48th out of 54 stocks 1.2 Analyst's Opinion Consensus RatingRoot has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.Amount of Analyst CoverageRoot has only been the subject of 4 research reports in the past 90 days.Read more about Root's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted12.08% 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 4.1.Change versus previous monthShort interest in Root has recently increased by 14.65%, indicating that investor sentiment is decreasing 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 4.0 News and Social Media Coverage News SentimentRoot has a news sentiment score of 1.29. 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 higher news sentiment than the 0.49 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Root this week, compared to 0 articles on an average week.Search Interest25 people have searched for ROOT on MarketBeat in the last 30 days. This is an increase of 257% compared to the previous 30 days.MarketBeat Follows5 people have added Root to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Root insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $881,481.00 in company stock.Percentage Held by Insiders11.71% 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 Institutions59.82% of the stock of Root is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Root's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Root are expected to grow in the coming year, from ($4.03) to ($2.51) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Root is -8.73, 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 -8.73, 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 5.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Root's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Unstoppable Prosperity“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.You can find out what they are by clicking here now. 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.Read More ROOT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ROOT Stock News HeadlinesJuly 25 at 6:15 AM | investorplace.com3 Outperforming Stocks Surpassing Even Nvidia This YearJuly 17, 2024 | americanbankingnews.comRoot (NASDAQ:ROOT) Stock Price Up 4.2%July 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 17, 2024 | americanbankingnews.comAnalyzing Root (NASDAQ:ROOT) & Loews (NYSE:L)July 16, 2024 | globenewswire.comRoot, Inc. Schedules Conference Call to Discuss Second Quarter 2024 Financial ResultsJuly 12, 2024 | investorplace.comThe 3 Best Meme Stocks to Buy in July 2024July 1, 2024 | globenewswire.comRoot Insurance and Chip Ganassi Racing Reveal Special Livery for Hometown RaceJune 24, 2024 | investorplace.com3 Financial Services Stocks to Buy Now: June 2024July 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.June 17, 2024 | investorplace.comUp 100% or More in 2024, Is It Too Late to Buy These 3 Stocks?June 11, 2024 | investorplace.comSmall-Cap Sorcerers: 3 Stocks Conjuring Up Magical Returns from Humble BeginningsJune 10, 2024 | 247wallst.com3 Stocks That Have Seen Higher Share Gains Than NvidiaJune 6, 2024 | 247wallst.com3 Stocks That Have Seen Higher Share Gains Than Super Micro ComputerJune 4, 2024 | globenewswire.comRoot, Inc. to Participate in the TD Financial Services & Fintech SummitMay 30, 2024 | globenewswire.comIndyCar Driver Marcus Armstrong to Represent Root Insurance at Detroit Grand PrixMay 13, 2024 | fool.comThis Small Growth Stock Has Surged 1,250% in Just 1 Year. Can Its Unstoppable Growth Continue?April 30, 2024 | investorplace.comROOT Stock Earnings: Root Beats EPS, Beats Revenue for Q1 2024April 30, 2024 | globenewswire.comRoot, Inc. Announces 2024 First Quarter ResultsSee 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 Company Calendar Last Earnings4/30/2024Today7/26/2024Next Earnings (Confirmed)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Fire, marine, & casualty insurance Sub-IndustryN/A Current SymbolNASDAQ:ROOT CUSIPN/A CIK1788882 Webjoinroot.com Phone866-980-9431FaxN/AEmployees680Year FoundedN/APrice Target and Rating Average Stock Price Target$41.89 High Stock Price Target$90.00 Low Stock Price Target$3.00 Potential Upside/Downside-37.7%Consensus RatingHold Rating Score (0-4)2.44 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($7.77) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-147,400,000.00 Net Margins-17.61% Pretax Margin-17.61% Return on Equity-62.36% Return on Assets-8.64% Debt Debt-to-Equity Ratio1.81 Current Ratio1.51 Quick Ratio1.51 Sales & Book Value Annual Sales$639.80 million Price / Sales1.56 Cash FlowN/A Price / Cash FlowN/A Book Value$11.43 per share Price / Book5.88Miscellaneous Outstanding Shares14,900,000Free Float13,155,000Market Cap$1.00 billion OptionableNot Optionable Beta2.57 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Alexander Edward Timm (Age 35)Co-Founder, CEO & Chairman Comp: $6.57MMr. Matt Bonakdarpour (Age 37)President & CTO Comp: $2.69MMr. Jonathan Alexander Allison (Age 57)Chief Administrative Officer Comp: $2.52MMs. Megan Nicole Binkley (Age 40)Chief Financial Officer Mr. Ryan William Forish (Age 41)Chief Accounting Officer Mr. Matthew Patrick LaMalva (Age 38)Head of Investor Relations Jodi Emmert BakerVP, General Counsel & SecretaryMs. Kelly RuoffChief Communications OfficerMs. Jill KellettVice President of Product & MarketingKatelynn SandyChief Information Security OfficerMore ExecutivesKey CompetitorsWhite Mountains Insurance GroupNYSE:WTMKemperNYSE:KMPRMercury GeneralNYSE:MCYSiriusPointNYSE:SPNTPalomarNASDAQ:PLMRView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpBought 24,803 shares on 7/26/2024Ownership: 0.166%Summit Securities Group LLCSold 1,000 shares on 7/26/2024Ownership: 0.000%Beth A BirnbaumSold 1,735 sharesTotal: $75,767.45 ($43.67/share)Tidal Investments LLCBought 32,700 shares on 5/17/2024Ownership: 0.219%Schusterman Interests LLCSold 242,880 shares on 5/16/2024Ownership: 1.632%View All Insider TransactionsView All Institutional Transactions ROOT Stock Analysis - Frequently Asked Questions How have ROOT shares performed this year? Root's stock was trading at $10.48 at the start of the year. Since then, ROOT shares have increased by 547.4% and is now trading at $67.85. View the best growth stocks for 2024 here. How were Root's earnings last quarter? Root, Inc. (NASDAQ:ROOT) posted its quarterly earnings results on Tuesday, April, 30th. The company reported ($0.42) EPS for the quarter, topping analysts' consensus estimates of ($2.51) by $2.09. The business's revenue for the quarter was up 263.6% compared to the same quarter last year. 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 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. Who are Root's major shareholders? Top institutional investors of Root include Bank of New York Mellon Corp (0.17%) and Summit Securities Group LLC. Insiders that own company stock include Mahtiyar Bonakdarpour, Jonathan Allison, Meyer Malka, Beth A Birnbaum and Daniel H Rosenthal. 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. 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