S&P 500   4,662.85 (+0.08%)
DOW   35,911.81 (-0.56%)
S&P 500   4,662.85 (+0.08%)
DOW   35,911.81 (-0.56%)
S&P 500   4,662.85 (+0.08%)
DOW   35,911.81 (-0.56%)
S&P 500   4,662.85 (+0.08%)
DOW   35,911.81 (-0.56%)
NASDAQ:ROOT

Root Stock Forecast, Price & News

$2.69
+0.06 (+2.28%)
(As of 01/14/2022 12:00 AM ET)
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Compare
Today's Range
$2.51
$2.70
50-Day Range
$2.63
$5.78
52-Week Range
$2.51
$24.95
Volume
3.24 million shs
Average Volume
2.98 million shs
Market Capitalization
$679.23 million
P/E Ratio
N/A
Dividend Yield
N/A
Beta
-1.24
30 days | 90 days | 365 days | Advanced Chart
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Root logo

About Root

Root, Inc. provides insurance products and services in the United States. The company offers auto, 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. The company was incorporated in 2015 and is headquartered in Columbus, Ohio.

Headlines

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Industry, Sector and Symbol

Industry
N/A
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:ROOT
Phone
N/A
Fax
N/A
Employees
1,002
Year Founded
N/A

Sales & Book Value

Annual Sales
$346.80 million

Profitability

Pretax Margin
N/A

Debt

Price-To-Earnings

Miscellaneous

Free Float
115,115,000
Market Cap
$679.23 million
Optionable
Not Optionable

Company Calendar

Last Earnings
11/10/2021
Today
1/17/2022
Next Earnings (Estimated)
2/24/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

1.51 out of 5 stars

Finance Sector

987th out of 1,349 stocks

Analyst Opinion: 3.0Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -












Root (NASDAQ:ROOT) Frequently Asked Questions

Is Root a buy right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Root in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Root stock. 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 analyst ratings for Root
or view top-rated stocks.

Are investors shorting Root?

Root saw a decrease in short interest during the month of November. As of November 30th, there was short interest totaling 13,220,000 shares, a decrease of 19.5% from the November 15th total of 16,420,000 shares. Based on an average daily volume of 7,200,000 shares, the short-interest ratio is currently 1.8 days. Approximately 22.1% of the shares of the stock are sold short.
View Root's Short Interest
.

When is Root's next earnings date?

Root is scheduled to release its next quarterly earnings announcement on Thursday, February 24th 2022.
View our earnings forecast for Root
.

How were Root's earnings last quarter?

Root, Inc. (NASDAQ:ROOT) released its quarterly earnings data on Wednesday, November, 10th. The company reported ($0.53) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.70) by $0.17. The firm had revenue of $93.80 million for the quarter, compared to the consensus estimate of $67.40 million. During the same period last year, the company earned ($2.20) earnings per share.
View Root's earnings history
.

What price target have analysts set for ROOT?

13 equities research analysts have issued 1 year price objectives for Root's shares. Their forecasts range from $3.00 to $13.00. On average, they anticipate Root's share price to reach $6.81 in the next twelve months. This suggests a possible upside of 153.1% from the stock's current price.
View analysts' price targets for Root
or view top-rated stocks among Wall Street analysts.

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 $3.86M)
  • Mr. Daniel Craig Manges, Co-Founder & CTO (Age 35, Pay $2.37M)
  • Mr. Daniel Harris Rosenthal, CFO & Director (Age 46, Pay $1.94M)
  • Megan Binkley, Chief Accounting Officer
  • Jonathan Alexander Allison, Gen. Counsel & Sec.
  • Mr. Tom Kuhn, Director of Communications
  • Ms. Annette Reavis, Chief People Officer
  • Ms. Lauren Gruenebaum, Chief Growth Officer
  • Mr. Kumi D. Walker, Chief Bus. Devel. & Strategy Officer (Age 43)
  • Mr. David Martin, Chief Data Scientist

When did Root IPO?

(ROOT) raised $569 million in an IPO 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."

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 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 $2.69.

How much money does Root make?

Root has a market capitalization of $679.23 million and generates $346.80 million in revenue each year.

How many employees does Root have?

Root employs 1,002 workers across the globe.

What is Root's official website?

The official website for Root is joinroot.com.


This page was last updated on 1/17/2022 by MarketBeat.com Staff

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