NASDAQ:ROOT Root (ROOT) Stock Price, News & Analysis → Urgent: Protect Your Investments from a Chinese Invasion (From Behind the Markets) (Ad) Free ROOT Stock Alerts $60.01 +3.97 (+7.08%) (As of 02:52 PM ET) Add Compare Share Share Today's Range$55.60▼$60.3850-Day Range$7.35▼$59.1352-Week Range$3.63▼$60.58Volume305,931 shsAverage Volume673,279 shsMarket Capitalization$876.15 millionP/E RatioN/ADividend YieldN/APrice Target$16.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Get Root alerts: Email Address Root MarketRank™ Stock AnalysisAnalyst RatingHold2.38 Rating ScoreUpside/Downside72.8% Downside$16.00 Price TargetShort InterestBearish9.66% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.92Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($7.87) to ($5.03) 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.1.12 out of 5 starsFinance Sector771st out of 858 stocksFire, Marine, & Casualty Insurance Industry44th out of 52 stocks 2.2 Analyst's Opinion Consensus RatingRoot has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 3 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.00, Root has a forecasted downside of 72.8% from its current price of $58.75.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 2.0 Short Interest Percentage of Shares Shorted9.66% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Root has recently increased by 13.71%, indicating that investor sentiment is decreasing 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 3.8 News and Social Media Coverage News SentimentRoot has a news sentiment score of 0.92. 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 0.61 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Root this week, compared to 0 articles on an average week.Search Interest57 people have searched for ROOT on MarketBeat in the last 30 days. This is an increase of 235% compared to the previous 30 days.MarketBeat Follows21 people have added Root to their MarketBeat watchlist in the last 30 days. This is an increase of 425% 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 ($7.87) to ($5.03) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Root is -5.74, 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 -5.74, 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 5.18. 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 Behind the MarketsUrgent: Protect Your Investments from a Chinese InvasionAn alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.Click here to get my exclusive report NOW >>> 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.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 HeadlinesMarch 25, 2024 | msn.comHarris to meet with Guatemalan president and pump billions into ‘root causes’ border strategyMarch 24, 2024 | americanbankingnews.comRoot (NASDAQ:ROOT) Shares Up 6.5%March 28, 2024 | Behind the Markets (Ad)Urgent: Protect Your Investments from a Chinese InvasionAn alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.March 22, 2024 | americanbankingnews.comRoot (NASDAQ:ROOT) Shares Gap Down to $46.54March 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 GrowthMarch 28, 2024 | Behind the Markets (Ad)Urgent: Protect Your Investments from a Chinese InvasionAn alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.February 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?June 22, 2023 | investorplace.comWhy Is Root (ROOT) Stock Up 46% Today?May 17, 2023 | marketwatch.comRoot Beer Market upto 2030April 12, 2023 | marketwatch.comRoot Canal Irrigatos Market Size, Share and Forecast till 2030March 29, 2023 | finance.yahoo.comRoots Announces Details of its Fourth Quarter and Fiscal Year 2022 Results Conference CallOctober 5, 2022 | barrons.comIndonesian President To Order Stadium Audit To Find 'Root' Of DisasterApril 17, 2022 | dallasnews.comHow to make the Biden-Harris "root causes" policy work - The Dallas Morning NewsApril 7, 2022 | finance.yahoo.comRoots Closes Out Strong Fiscal 2021 Delivering Solid Fourth Quarter Results with Continued Sales Growth, Gross Margin Expansion, and Increased ProfitabilityMarch 24, 2022 | finance.yahoo.comRoots Announces Details of its Fourth Quarter and Fiscal Year 2021 Results Conference CallFebruary 2, 2022 | finance.yahoo.comDublin recruiting startup hosts free virtual job fair for terminated Root employeesSee 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 Earnings2/21/2024Today3/28/2024Next Earnings (Estimated)5/01/2024Fiscal 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$16.00 High Stock Price Target$40.00 Low Stock Price Target$3.00 Potential Upside/Downside-71.4%Consensus RatingHold Rating Score (0-4)2.38 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($10.23) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-147,400,000.00 Net Margins-32.40% Pretax Margin-32.40% Return on Equity-73.62% Return on Assets-11.83% Debt Debt-to-Equity Ratio1.80 Current Ratio1.60 Quick Ratio1.60 Sales & Book Value Annual Sales$455 million Price / Sales1.80 Cash FlowN/A Price / Cash FlowN/A Book Value$11.35 per share Price / Book4.94Miscellaneous Outstanding Shares14,600,000Free Float13,090,000Market Cap$818.18 million OptionableNot Optionable Beta2.71 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. 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. 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 Mr. Jason ShapiroSenior Vice President of Business DevelopmentMore ExecutivesKey CompetitorsAMERISAFENASDAQ:AMSFProAssuranceNYSE:PRATiptreeNASDAQ:TIPTEmployersNYSE:EIGUniversal InsuranceNYSE:UVEView All CompetitorsInsiders & InstitutionsVanguard Group Inc.Bought 3,119 shares on 3/11/2024Ownership: 2.689%Goldman Sachs Group Inc.Bought 2,705 shares on 3/1/2024Ownership: 0.113%Virtu Financial LLCBought 11,540 shares on 2/26/2024Ownership: 0.079%GSA Capital Partners LLPSold 27,404 shares on 2/16/2024Ownership: 0.719%Citadel Advisors LLCSold 900 shares on 2/15/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions 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 year. 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 12 month price targets for Root's shares. 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 year. This suggests that the stock has a possible downside of 72.8%. 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 start of the year. Since then, ROOT stock has increased by 460.6% and is now trading at $58.75. 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) released its quarterly earnings results on Wednesday, February, 21st. The company reported ($1.64) EPS for the quarter, beating the consensus estimate of ($2.49) by $0.85. The firm had revenue of $194.80 million for the quarter, compared to analysts' expectations of $108 million. Root had a negative net margin of 32.40% and a negative trailing twelve-month return on equity of 73.62%. When did Root's stock split? Root shares reverse split before market open 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 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. Who are Root's major shareholders? Root's stock is owned by a variety of institutional and retail investors. Top institutional shareholders 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 From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeAI to Meet the Same Fate as EVs? Porter & CompanyGrab Your Free Bitcoin Today!Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill PublishingForget Bitcoin. 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