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NASDAQ:ROOT

Root (ROOT) Stock Price, News & Analysis

Root logo
$73.22 +2.10 (+2.95%)
(As of 12/20/2024 05:51 PM ET)

About Root Stock (NASDAQ:ROOT)

Key Stats

Today's Range
$69.50
$74.44
50-Day Range
$37.81
$109.40
52-Week Range
$7.22
$118.15
Volume
403,308 shs
Average Volume
541,404 shs
Market Capitalization
$1.11 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$59.13
Consensus Rating
Hold

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.

Root Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
17th Percentile Overall Score

ROOT MarketRank™: 

Root scored higher than 17% of companies evaluated by MarketBeat, and ranked 885th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Root has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Root has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Root's stock forecast and price target.
  • Earnings Growth

    Earnings for Root are expected to decrease in the coming year, from ($1.20) to ($1.77) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Root is -59.53, 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 -59.53, 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 6.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    7.35% 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 1.7, 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 2.63%, indicating that investor sentiment is improving.
  • Dividend Yield

    Root does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    7.35% 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 1.7, 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 2.63%, indicating that investor sentiment is improving.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Root this week, compared to 0 articles on an average week.
  • Search Interest

    Only 23 people have searched for ROOT on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Root to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
  • 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.

  • Read more about Root's insider trading history.
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ROOT Stock News Headlines

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Root, Inc. (NASDAQ:ROOT) Receives $59.13 Average PT from Analysts
Root, Inc. Announces 2024 Third Quarter Results
See More Headlines

ROOT Stock Analysis - Frequently Asked Questions

Root's stock was trading at $10.48 at the beginning of 2024. Since then, ROOT shares have increased by 598.7% and is now trading at $73.22.
View the best growth stocks for 2024 here
.

Root, Inc. (NASDAQ:ROOT) posted its quarterly earnings data on Wednesday, October, 30th. The company reported $1.35 EPS for the quarter, topping analysts' consensus estimates of ($0.61) by $1.96. The firm's revenue was up 165.1% compared to the same quarter last year.

Shares of Root reverse split on 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 (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.

Root's top institutional shareholders 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
.

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.

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
12/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Insurance
Current Symbol
NASDAQ:ROOT
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
-19.3%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$-147,400,000.00
Pretax Margin
-1.46%

Debt

Sales & Book Value

Annual Sales
$1.04 billion
Book Value
$11.43 per share

Miscellaneous

Free Float
13,332,000
Market Cap
$1.11 billion
Optionable
Not Optionable
Beta
2.47
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This page (NASDAQ:ROOT) was last updated on 12/22/2024 by MarketBeat.com Staff
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