6,080 Shares in Root, Inc. (NASDAQ:ROOT) Bought by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. bought a new position in Root, Inc. (NASDAQ:ROOT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,080 shares of the company's stock, valued at approximately $441,000.

Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in shares of Root by 651.8% in the fourth quarter. Russell Investments Group Ltd. now owns 421 shares of the company's stock valued at $31,000 after purchasing an additional 365 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Root during the 4th quarter valued at approximately $94,000. SBI Securities Co. Ltd. acquired a new stake in Root in the 4th quarter valued at approximately $154,000. FreeGulliver LLC bought a new position in Root in the 4th quarter worth approximately $203,000. Finally, Mariner LLC acquired a new position in shares of Root during the fourth quarter worth approximately $217,000. Institutional investors own 59.82% of the company's stock.

Root Stock Down 0.7 %

NASDAQ ROOT opened at $149.07 on Friday. Root, Inc. has a 1-year low of $34.04 and a 1-year high of $181.14. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -121.20 and a beta of 2.41. The stock's 50 day moving average is $131.58 and its two-hundred day moving average is $98.71. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.65.

Root (NASDAQ:ROOT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $1.30 EPS for the quarter, beating the consensus estimate of ($0.63) by $1.93. Root had a negative return on equity of 9.81% and a negative net margin of 1.56%. The business had revenue of $326.70 million for the quarter, compared to analyst estimates of $287.79 million. Equities analysts forecast that Root, Inc. will post -0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ROOT. UBS Group boosted their target price on shares of Root from $67.00 to $130.00 and gave the stock a "neutral" rating in a research report on Friday, March 7th. Scotiabank reaffirmed a "sector perform" rating on shares of Root in a research report on Sunday, March 2nd. Wells Fargo & Company increased their target price on shares of Root from $97.00 to $105.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. Jefferies Financial Group boosted their price target on Root from $115.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods raised their price objective on Root from $90.00 to $150.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $112.67.

Insider Transactions at Root

In other Root news, insider Mahtiyar Bonakdarpour sold 5,515 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $124.78, for a total transaction of $688,161.70. Following the sale, the insider now directly owns 286,901 shares of the company's stock, valued at approximately $35,799,506.78. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alexander E. Timm sold 1,144 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $134.01, for a total transaction of $153,307.44. Following the sale, the chief executive officer now directly owns 161,625 shares of the company's stock, valued at approximately $21,659,366.25. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,659 shares of company stock valued at $1,191,469. 11.71% of the stock is owned by insiders.

Root Company Profile

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.

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