Root (ROOT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $100.61 to $110.46
• 50-Day Range: $37.17 to $104.77
• 52-Week Range: $7.22 to $118.15
• Volume: 873,951 shs
• Average Volume: 554,831 shs
• Market Capitalization: $1.58 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $59.13
• Consensus Rating: Moderate Buy

Root Stock Analysis - MarketRank™

Root scored higher than 41% of companies evaluated by MarketBeat, and ranked 757th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Root has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Root has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Root are expected to grow in the coming year, from ($1.20) to ($1.16) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Root is -85.18, 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. Sector

The P/E ratio of Root is -85.18, 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 Ratio

Root has a P/B Ratio of 9.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

9.87% of the outstanding shares of Root have been sold short.

Short Interest Ratio / Days to Cover

Root has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Root has recently decreased by 3.87%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Root does not currently pay a dividend.

Dividend Growth

Root does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

9.87% of the outstanding shares of Root have been sold short.

Short Interest Ratio / Days to Cover

Root has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Root has recently decreased by 3.87%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.22

News Sentiment

Root has a news sentiment score of 0.22. 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 lower news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Root this week, compared to 0 articles on an average week.

Search Interest

37 people have searched for ROOT on MarketBeat in the last 30 days. This is an increase of 363% compared to the previous 30 days.

MarketBeat Follows

6 people have added Root to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $20,440,479.00 in company stock.

Percentage Held by Insiders

11.71% 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 Institutions

59.82% of the stock of Root is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ROOT Stock Analysis - Frequently Asked Questions

How have ROOT shares performed this year?

Root's stock was trading at $10.48 on January 1st, 2024. Since then, ROOT shares have increased by 899.7% and is now trading at $104.77.
View the best growth stocks for 2024 here.

How were Root's earnings last quarter?

Root, Inc. (NASDAQ:ROOT) issued its earnings results on Wednesday, October, 30th. The company reported $1.35 EPS for the quarter, beating analysts' consensus estimates of ($0.61) by $1.96. Root's revenue was up 165.1% on a year-over-year basis.

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 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.

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 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.

Who are Root's major shareholders?

Root's top institutional investors include Geode Capital Management LLC (1.26%), State Street Corp (1.17%), Connor Clark & Lunn Investment Management Ltd. (0.32%) and Charles Schwab Investment Management Inc. (0.17%). Insiders that own company stock include Mahtiyar Bonakdarpour, Jonathan Allison, Beth A Birnbaum, Julie Szudarek 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.
Compare Top Brokerages Here.

What other stocks do shareholders of Root own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Root investors own include Zomedica (ZOM), NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), CrowdStrike (CRWD), Advanced Micro Devices (AMD) and Adobe (ADBE).

Company Calendar

• Last Earnings: 10/30/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Fire, marine, & casualty insurance
• Sub-Industry: Insurance
• Current Symbol: NASDAQ:ROOT
• CUSIP: N/A
• CIK: 1788882
• Web: joinroot.com
• Phone: 866-980-9431
• Fax: N/A
• Employees: 760
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $59.13
• High Stock Price Target: $90.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: -43.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.23)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-147,400,000.00
• Net Margins: -1.56%
• Pretax Margin: -1.46%
• Return on Equity: -9.81%
• Return on Assets: -1.12%

Debt

• Debt-to-Equity Ratio: 1.65
• Current Ratio: 1.39
• Quick Ratio: 1.39

Sales & Book Value

• Annual Sales: $1.04 billion
• Price / Sales: 1.51
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $11.43 per share
• Price / Book: 9.17

Miscellaneous

• Outstanding Shares: 15,100,000
• Free Float: 13,332,000
• Market Cap: $1.58 billion
• Optionable: Not Optionable
• Beta: 2.34