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: $100.96 to $107.28
• 50-Day Range: $71.12 to $106.20
• 52-Week Range: $7.22 to $118.15
• Volume: 424,257 shs
• Average Volume: 333,284 shs
• Market Capitalization: $1.57 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $59.38
• Consensus Rating: Hold

Root Stock Analysis - MarketRank™

Root scored higher than 10% of companies evaluated by MarketBeat, and ranked 941st out of 956 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: 1.2 / 5
• Analyst Rating: Hold

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 only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Root are expected to decrease in the coming year, from ($0.08) to ($0.81) per share.

Price to Book Value per Share Ratio

Root has a P/B Ratio of 9.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.86% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Root has recently increased by 3.80%, indicating that investor sentiment is decreasing.

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

10.86% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Root has recently increased by 3.80%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

Search Interest

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

MarketBeat Follows

5 people have added Root to their MarketBeat watchlist in the last 30 days. This is an increase of 67% 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 $16,120,175.00 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 $72.59 at the beginning of the year. Since then, ROOT shares have increased by 43.5% and is now trading at $104.20.
View the best growth stocks for 2025 here.

How were Root's earnings last quarter?

Root, Inc. (NASDAQ:ROOT) released its quarterly earnings results on Wednesday, October, 30th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $1.96. The business's quarterly revenue was up 165.1% compared to the same quarter last year.

When did Root's stock split?

Root shares 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.

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 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?

Top institutional investors of Root include IMC Chicago LLC, Bank of New York Mellon Corp (0.16%), Nordea Investment Management AB (0.14%) and Rhumbline Advisers (0.10%). 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.

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: 2/04/2025
• Next Earnings (Estimated): 2/19/2025
• Fiscal Year End: 12/31/2025

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: $59.38
• High Stock Price Target: $90.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: -43.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.44
• Research Coverage: 9 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: $455 million
• Price / Sales: 3.46
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $11.43 per share
• Price / Book: 9.12

Miscellaneous

• Outstanding Shares: 15,100,000
• Free Float: 13,332,000
• Market Cap: $1.57 billion
• Optionable: Not Optionable
• Beta: 2.58