NASDAQ:ROOT Root (ROOT) Stock Price, News & Analysis $40.15 -1.92 (-4.56%) (As of 10/18/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrends About Root Stock (NASDAQ:ROOT) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Root alerts:Sign Up Key Stats Today's Range$40.14▼$42.2950-Day Range$35.83▼$49.0052-Week Range$7.22▼$86.57Volume165,172 shsAverage Volume468,585 shsMarket Capitalization$598.24 millionP/E RatioN/ADividend YieldN/APrice Target$55.63Consensus RatingModerate Buy Company OverviewRoot, 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.Read More… Expert issues rare "All In" buy alert on $6 gold stock (Ad)Is Gold Headed Above $3,000 per Ounce? Here's How to Play It… With so many strange events happening across the economy (the longest bear market for bonds since the Civil War... unprecedented bank closures... and soaring prices), it's no wonder the richest investors are loading up on gold. But what you might not realize is there's a much better way to profit from rising gold prices – WITHOUT ever touching an ETF, mining stock, or even bullion.Get the full details here. Root Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks65th Percentile Overall ScoreROOT MarketRank™: Root scored higher than 65% of companies evaluated by MarketBeat, and ranked 485th out of 905 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.3 / 5Analyst RatingModerate Buy Consensus RatingRoot 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 CoverageRoot has been the subject of 6 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 and Valuation0.6 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Root are expected to grow in the coming year, from ($2.13) to ($1.16) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Root is -6.99, 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. SectorThe P/E ratio of Root is -6.99, 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 RatioRoot has a P/B Ratio of 3.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Root's valuation and earnings. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted11.48% of the outstanding shares of Root have been sold short.Short Interest Ratio / Days to CoverRoot has a short interest ratio ("days to cover") of 6.3.Change versus previous monthShort interest in Root has recently decreased by 0.58%, indicating that investor sentiment is improving. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldRoot does not currently pay a dividend.Dividend GrowthRoot does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted11.48% of the outstanding shares of Root have been sold short.Short Interest Ratio / Days to CoverRoot has a short interest ratio ("days to cover") of 6.3.Change versus previous monthShort interest in Root has recently decreased by 0.58%, indicating that investor sentiment is improving. News and Social Media2.3 / 5News Sentiment0.20 News SentimentRoot has a news sentiment score of 0.20. 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 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Root this week, compared to 0 articles on an average week.Search InterestOnly 7 people have searched for ROOT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows5 people have added Root to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Root insiders have not sold or bought any company stock.Percentage Held by Insiders11.71% 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 Institutions59.82% 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. Receive ROOT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Root and its competitors with MarketBeat's FREE daily newsletter. Email Address ROOT Stock News HeadlinesRoot (NASDAQ:ROOT) Rating Reiterated by JMP SecuritiesOctober 17 at 1:57 AM | americanbankingnews.comRoot (NASDAQ:ROOT) Stock Price Down 4.3% on Analyst DowngradeOctober 13, 2024 | americanbankingnews.comExpert issues rare "All In" buy alert on $6 gold stockIs Gold Headed Above $3,000 per Ounce? Here's How to Play It… With so many strange events happening across the economy (the longest bear market for bonds since the Civil War... unprecedented bank closures... and soaring prices), it's no wonder the richest investors are loading up on gold. But what you might not realize is there's a much better way to profit from rising gold prices – WITHOUT ever touching an ETF, mining stock, or even bullion.October 19, 2024 | Stansberry Research (Ad)Root (NASDAQ:ROOT) PT Lowered to $64.00 at Wells Fargo & CompanyOctober 10, 2024 | americanbankingnews.comRoot (NASDAQ:ROOT) Price Target Cut to $72.00 by Analysts at Jefferies Financial GroupOctober 10, 2024 | americanbankingnews.comRoot, Inc. Schedules Conference Call to Discuss Third Quarter 2024 Financial ResultsOctober 9, 2024 | globenewswire.com"Root is selling himself really short" - Aakash Chopra criticizes Joe Root's dismissal in 2nd IND vs ENG TestSeptember 14, 2024 | msn.comFirst Connect and Root Launch Streamlined Quote & Bind Process for Independent Insurance AgentsSeptember 5, 2024 | prnewswire.comSee More Headlines ROOT Stock Analysis - Frequently Asked Questions How have ROOT shares performed this year? Root's stock was trading at $10.48 at the beginning of the year. Since then, ROOT stock has increased by 283.1% and is now trading at $40.15. View the best growth stocks for 2024 here. How were Root's earnings last quarter? Root, Inc. (NASDAQ:ROOT) announced its quarterly earnings results on Wednesday, August, 7th. The company reported ($0.52) earnings per share for the quarter, topping analysts' consensus estimates of ($1.74) by $1.22. Root's revenue for the quarter was up 286.6% on a year-over-year basis. When did Root's stock split? Root's stock 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? Top institutional investors of Root include SG Americas Securities LLC (0.07%). Insiders that own company stock include Mahtiyar Bonakdarpour, Jonathan Allison, Beth A Birnbaum 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 Earnings8/07/2024Today10/19/2024Next Earnings (Confirmed)10/30/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Fire, marine, & casualty insurance Sub-IndustryInsurance Current SymbolNASDAQ:ROOT CUSIPN/A CIK1788882 Webjoinroot.com Phone866-980-9431FaxN/AEmployees760Year FoundedN/APrice Target and Rating Average Stock Price Target$55.63 High Stock Price Target$90.00 Low Stock Price Target$12.00 Potential Upside/Downside+38.5%Consensus RatingModerate Buy Rating Score (0-4)2.63 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($7.77) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-147,400,000.00 Net Margins-9.81% Pretax Margin-9.81% Return on Equity-50.80% Return on Assets-6.08% Debt Debt-to-Equity Ratio1.98 Current Ratio1.43 Quick Ratio1.43 Sales & Book Value Annual Sales$854.20 million Price / Sales0.70 Cash FlowN/A Price / Cash FlowN/A Book Value$11.43 per share Price / Book3.51Miscellaneous Outstanding Shares14,900,000Free Float13,244,000Market Cap$598.24 million OptionableNot Optionable Beta2.53 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report This page (NASDAQ:ROOT) was last updated on 10/19/2024 by MarketBeat.com Staff From Our PartnersTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | SponsoredElon knows the truth, which is why they want him silencedElon Musk is one of mankind’s greatest innovators. But for all his visionary prowess and contributions to h...Porter & Company | SponsoredExpert issues rare "All In" buy alert on $6 gold stockGold is SOARING – here's what you need to do Everything is lining up perfectly for a historic gold bull run...Stansberry Research | SponsoredMarket "Famine" ComingMarket Wizard Larry Benedict accurately predicted that all indexes would be negative in 2022... 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