NASDAQ:ROOT Root (ROOT) Stock Price, News & Analysis → Claim Your Complimentary Bitcoin Reward (From Crypto Swap Profits) (Ad) Free ROOT Stock Alerts $56.29 -0.56 (-0.99%) (As of 05/3/2024 ET) Add Compare Share Share Today's Range$52.37▼$58.9750-Day Range$22.76▼$82.9052-Week Range$4.11▼$86.57Volume786,688 shsAverage Volume694,891 shsMarket Capitalization$821.83 millionP/E RatioN/ADividend YieldN/APrice Target$39.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Get Root alerts: Email Address Root MarketRank™ Stock AnalysisAnalyst RatingHold2.44 Rating ScoreUpside/Downside29.8% Downside$39.50 Price TargetShort InterestHealthy8.63% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.81Based on 10 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($6.59) to ($4.75) Per ShareSee Full Details Hide Full Details 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.1.66 out of 5 starsFinance Sector693rd out of 874 stocksFire, Marine, & Casualty Insurance Industry40th out of 54 stocks 2.2 Analyst's Opinion Consensus RatingRoot has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 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. Previous Next 4.0 Short Interest Percentage of Shares Shorted8.63% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Root has recently decreased by 5.97%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldRoot does not currently pay a dividend.Dividend GrowthRoot does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ROOT. Previous Next 3.2 News and Social Media Coverage News SentimentRoot has a news sentiment score of 0.81. 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 higher news sentiment than the 0.54 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Root this week, compared to 0 articles on an average week.Search Interest43 people have searched for ROOT on MarketBeat in the last 30 days. This is an increase of 5% compared to the previous 30 days.MarketBeat FollowsOnly 11 people have added Root to their MarketBeat watchlist in the last 30 days. This is a decrease of -48% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Root insiders have not sold or bought any company stock.Percentage Held by Insiders10.34% 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. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Root are expected to grow in the coming year, from ($6.59) to ($4.75) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Root is -7.24, 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 -7.24, 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 4.96. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Awesomely, LLCAutomatic Income (from home)For over 22 years, Wall Street elites have kept this little-known "income hack" from everyday investors… 6 simple clicks have set up HUGE payouts for "in-the-know" investors… Delivering them passive income 365 days a year. Just click here now to watch my presentation for free. 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. 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 ROOT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ROOT Stock News HeadlinesMay 5, 2024 | americanbankingnews.comRoot (NASDAQ:ROOT) Trading Down 6%May 4, 2024 | americanbankingnews.comJMP Securities Raises Root (NASDAQ:ROOT) Price Target to $90.00May 5, 2024 | Crypto Swap Profits (Ad)Claim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.May 3, 2024 | americanbankingnews.comRoot (NASDAQ:ROOT) PT Raised to $78.00 at Wells Fargo & CompanyMay 2, 2024 | americanbankingnews.comRoot (NASDAQ:ROOT) Shares Gap Up After Better-Than-Expected EarningsApril 30, 2024 | investorplace.comROOT Stock Earnings: Root Beats EPS, Beats Revenue for Q1 2024April 30, 2024 | globenewswire.comRoot, Inc. Announces 2024 First Quarter ResultsApril 29, 2024 | americanbankingnews.comRoot, Inc. (NASDAQ:ROOT) Receives Consensus Recommendation of "Hold" from AnalystsMay 5, 2024 | Crypto Swap Profits (Ad)Claim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.April 26, 2024 | americanbankingnews.comRoot (NASDAQ:ROOT) Rating Reiterated by Keefe, Bruyette & WoodsApril 20, 2024 | investorplace.comCan You Afford to Ignore These 3 Stocks Up Over 200% in 2024?April 10, 2024 | globenewswire.comRoot, Inc. Schedules Conference Call to Discuss First Quarter 2024 Financial ResultsApril 1, 2024 | fool.com3 Stocks That Have Already Doubled Again in 2024March 25, 2024 | msn.comHarris to meet with Guatemalan president and pump billions into ‘root causes’ border strategyMarch 20, 2024 | investorplace.com3 Turbocharged Stocks to Buy for the Next S&P 500 All-Time HighMarch 13, 2024 | nbcnews.comGOP Rep. Massie says TikTok bill would not address 'root problems'March 6, 2024 | msn.comUSC Women's Basketball: Why Kaylas' Old High School Coach Still Can't Bring Herself To Root For TrojansFebruary 23, 2024 | seekingalpha.comRoot, Inc. Q4 Earnings: Current Price Requires Exceptional GrowthFebruary 21, 2024 | globenewswire.comRoot, Inc. Announces 2023 Fourth Quarter and Full Year ResultsFebruary 20, 2024 | globenewswire.comMatt Bonakdarpour Elevated to President and Chief Technology Officer at RootJanuary 25, 2024 | msn.comExecs with access to ‘root server’ may manipulate lottery system — PCSO IT officialNovember 30, 2023 | finance.yahoo.comNorthern Shield Intersects Multiple Gold Structures including 10.4 g/t Au Over 1.5 Metres at Root & Cellar Property, NewfoundlandNovember 15, 2023 | msn.comTrump's "vermin" speech again draws scrutiny to extreme rhetoricNovember 13, 2023 | msn.comTrump compares opponents to 'vermin' who he will 'root out,' alarming historiansNovember 13, 2023 | msn.comTrump issues sinister threat to 'root out' leftists if elected in 2024November 6, 2023 | msn.comLavrov: The USA is the Evil Root that Needn't Be Uprooted; a Chemical Solution ExistsJune 30, 2023 | investorplace.comWhy Is Root (ROOT) Stock Down 20% Today?See More Headlines 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 Company Calendar Last Earnings4/30/2024Today5/05/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Fire, marine, & casualty insurance Sub-IndustryN/A Current SymbolNASDAQ:ROOT CUSIPN/A CIK1788882 Webjoinroot.com Phone866-980-9431FaxN/AEmployees680Year FoundedN/APrice Target and Rating Average Stock Price Target$39.50 High Stock Price Target$90.00 Low Stock Price Target$3.00 Potential Upside/Downside-29.8%Consensus RatingHold Rating Score (0-4)2.44 Research Coverage9 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-17.61% Pretax Margin-17.61% Return on Equity-62.36% Return on Assets-8.64% Debt Debt-to-Equity Ratio1.81 Current Ratio1.51 Quick Ratio1.60 Sales & Book Value Annual Sales$455 million Price / Sales1.81 Cash FlowN/A Price / Cash FlowN/A Book Value$11.35 per share Price / Book4.96Miscellaneous Outstanding Shares14,600,000Free Float13,090,000Market Cap$821.83 million OptionableNot Optionable Beta2.72 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Alexander Edward Timm (Age 34)Co-Founder, CEO & Director Comp: $3.01MMr. Matt Bonakdarpour (Age 36)President & CTO Comp: $1.6MMs. Megan Nicole Binkley (Age 40)Chief Financial Officer Mr. Ryan William Forish (Age 41)Chief Accounting Officer Mr. Jonathan Alexander AllisonChief Administrative OfficerMr. Matthew Patrick LaMalva (Age 38)Head of Investor Relations Ms. Kelly RuoffChief Communications OfficerMs. Jill KellettVice President of Product & MarketingKatelynn SandyChief Information Security OfficerMr. Mark LeMaster (Age 55)Chief Claims & Customer Service Officer More ExecutivesKey CompetitorsHCI GroupNYSE:HCIAMERISAFENASDAQ:AMSFLemonadeNYSE:LMNDSkyward Specialty Insurance GroupNASDAQ:SKWDTiptreeNASDAQ:TIPTView All CompetitorsInsiders & InstitutionsGSA Capital Partners LLPSold 27,045 shares on 5/3/2024Ownership: 0.534%Mirae Asset Global Investments Co. Ltd.Bought 19,169 shares on 5/1/2024Ownership: 0.131%Sequoia Financial Advisors LLCBought 4,800 shares on 5/1/2024Ownership: 0.033%Raymond James Financial Services Advisors Inc.Sold 8,987 shares on 4/23/2024Ownership: 0.174%HST Ventures LLCBought 9,317 shares on 2/15/2024Ownership: 0.355%View All Insider TransactionsView All Institutional Transactions ROOT Stock Analysis - Frequently Asked Questions Should I buy or sell Root stock right now? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Root in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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? 9 brokerages have issued 1-year price objectives for Root's shares. Their ROOT share price targets range from $3.00 to $90.00. On average, they expect the company's stock price to reach $39.50 in the next twelve months. This suggests that the stock has a possible downside of 29.8%. 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 on January 1st, 2024. Since then, ROOT stock has increased by 437.1% and is now trading at $56.29. 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, August 7th 2024. View our ROOT earnings forecast. How were Root's earnings last quarter? Root, Inc. (NASDAQ:ROOT) released its earnings results on Tuesday, April, 30th. The company reported ($0.42) EPS for the quarter, beating analysts' consensus estimates of ($2.51) by $2.09. The business had revenue of $254.90 million for the quarter, compared to analyst estimates of $203.99 million. Root had a negative trailing twelve-month return on equity of 62.36% and a negative net margin of 17.61%. The company's revenue for the quarter was up 263.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($2.88) earnings per share. When did Root's stock split? Root shares 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 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 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 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 institutional and retail investors. Top institutional investors include GSA Capital Partners LLP (0.53%), Raymond James Financial Services Advisors Inc. (0.17%), Mirae Asset Global Investments Co. Ltd. (0.13%) and Sequoia Financial Advisors LLC (0.03%). 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 5/5/2024 by MarketBeat.com Staff From Our PartnersBiden to Launch “FedNOW” [Move Your Money Now]Priority GoldElon to Transform U.S. Economy? Porter & CompanyAutomatic Income (from home)Awesomely, LLCCould Your Accounts Be Frozen?Allegiance GoldThe asset beating inflation by 4xColonial MetalsCharles Payne Demystifies OptionsUnstoppable ProsperityWarren Buffet Stockpiling Gold?Reagan Gold GroupDid You Get Your Free Bitcoin Yet?Crypto Swap Profits Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Root, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
