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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:ROOT

Root (ROOT) Stock Price, News & Analysis

$61.08
+5.04 (+8.99%)
(As of 03/28/2024 ET)
Today's Range
$55.71
$61.49
50-Day Range
$7.35
$59.13
52-Week Range
$3.63
$61.50
Volume
485,932 shs
Average Volume
676,342 shs
Market Capitalization
$891.77 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.00

Root MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
73.8% Downside
$16.00 Price Target
Short Interest
Bearish
9.66% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.90mentions of Root in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($7.87) to ($5.03) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.14 out of 5 stars

Finance Sector

759th out of 846 stocks

Fire, Marine, & Casualty Insurance Industry

43rd out of 51 stocks

ROOT stock logo

About Root Stock (NASDAQ:ROOT)

Root, Inc. provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. The company operates a direct-to-consumer model and serves customers primarily through mobile applications, as well as through its website. Its direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies. The company was incorporated in 2015 and is headquartered in Columbus, Ohio.

ROOT Stock Price History

ROOT Stock News Headlines

Root (NASDAQ:ROOT) Shares Up 6.5%
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Root (NASDAQ:ROOT) Shares Gap Down to $46.54
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You might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.
Why Is Root (ROOT) Stock Down 20% Today?
Why Is Root (ROOT) Stock Up 46% Today?
Root Beer Market upto 2030
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Today
3/28/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
N/A
Current Symbol
NASDAQ:ROOT
Fax
N/A
Employees
680
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.00
High Stock Price Target
$40.00
Low Stock Price Target
$3.00
Potential Upside/Downside
-73.8%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$-147,400,000.00
Pretax Margin
-32.40%

Debt

Sales & Book Value

Annual Sales
$455 million
Book Value
$11.35 per share

Miscellaneous

Free Float
13,090,000
Market Cap
$891.77 million
Optionable
Not Optionable
Beta
2.71
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Key Executives

  • Mr. Alexander Edward Timm (Age 34)
    Co-Founder, CEO & Director
    Comp: $3.01M
  • Mr. Matt Bonakdarpour (Age 36)
    President & CTO
    Comp: $1.6M
  • Ms. Megan Nicole Binkley (Age 40)
    Chief Financial Officer
  • Mr. Jonathan Alexander Allison
    Chief Administrative Officer
  • Mr. Matthew Patrick LaMalva (Age 38)
    Head of Investor Relations
  • Ms. Kelly Ruoff
    Chief Communications Officer
  • Ms. Jill Kellett
    Vice President of Product & Marketing
  • Katelynn Sandy
    Chief Information Security Officer
  • Mr. Mark LeMaster (Age 55)
    Chief Claims & Customer Service Officer
  • Mr. Jason Shapiro
    Senior Vice President of Business Development

ROOT Stock Analysis - Frequently Asked Questions

Should I buy or sell Root stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Root in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ROOT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ROOT, but not buy additional shares or sell existing shares.
View ROOT analyst ratings
or view top-rated stocks.

What is Root's stock price target for 2024?

8 brokers have issued 1 year target prices for Root's stock. Their ROOT share price targets range from $3.00 to $40.00. On average, they predict the company's stock price to reach $16.00 in the next twelve months. This suggests that the stock has a possible downside of 73.8%.
View analysts price targets for ROOT
or view top-rated stocks among Wall Street analysts.

How have ROOT shares performed in 2024?

Root's stock was trading at $10.48 at the beginning of the year. Since then, ROOT stock has increased by 482.8% and is now trading at $61.08.
View the best growth stocks for 2024 here
.

When is Root's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ROOT earnings forecast
.

How were Root's earnings last quarter?

Root, Inc. (NASDAQ:ROOT) announced its quarterly earnings data on Wednesday, February, 21st. The company reported ($1.64) earnings per share for the quarter, topping the consensus estimate of ($2.49) by $0.85. The company earned $194.80 million during the quarter, compared to analysts' expectations of $108 million. Root had a negative trailing twelve-month return on equity of 73.62% and a negative net margin of 32.40%.

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 closing bell 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 (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 stock is owned by many different retail and institutional investors. Top institutional investors include Cannell Capital LLC (4.91%), Vanguard Group Inc. (2.69%), Vanguard Group Inc. (2.69%), GSA Capital Partners LLP (0.72%), Raymond James & Associates (0.36%) and HST Ventures LLC (0.36%). Insiders that own company stock include Daniel H Rosenthal, Daniel Manges, Jonathan Allison, Lawrence A Hilsheimer, Mahtiyar Bonakdarpour and Meyer Malka.
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.

This page (NASDAQ:ROOT) was last updated on 3/28/2024 by MarketBeat.com Staff

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