NASDAQ:ROOT Root (ROOT) Stock Price, News & Analysis → Could this Tiny Biotech End Disease Forever? (From Behind the Markets) (Ad) Free ROOT Stock Alerts $62.48 -0.49 (-0.78%) (As of 05/8/2024 ET) Add Compare Share Share Today's Range$61.81▼$64.4850-Day Range$27.97▼$82.9052-Week Range$4.29▼$86.57Volume363,554 shsAverage Volume667,951 shsMarket Capitalization$912.21 millionP/E RatioN/ADividend YieldN/APrice Target$40.75 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/Downside34.8% Downside$40.75 Price TargetShort InterestHealthy8.63% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.42Based on 7 Articles This WeekInsider TradingSelling Shares$805,714 Sold Last QuarterProj. 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.1.47 out of 5 starsFinance Sector716th out of 874 stocksFire, Marine, & Casualty Insurance Industry42nd out of 53 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.Read more about Root's stock forecast and price target. 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 1.9 News and Social Media Coverage News SentimentRoot has a news sentiment score of 0.42. 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 0.53 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Root this week, compared to 0 articles on an average week.Search InterestOnly 38 people have searched for ROOT on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.MarketBeat FollowsOnly 9 people have added Root to their MarketBeat watchlist in the last 30 days. This is a decrease of -59% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $805,714.00 in 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.Read more about Root's insider trading history. 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 -8.04, 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 -8.04, 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 5.47. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsFidelity, Bezos, Goldman Bet Big on Tiny BiotechAre you ready for a major shift in the investment world? There's a new drug The Wall Street Journal is calling the "King Kong" of drugs.Don't miss out on the "next Ozempic" >>> 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 7, 2024 | americanbankingnews.comRoot, Inc. (NASDAQ:ROOT) Major Shareholder Meyer Malka Sells 13,300 Shares of StockMay 5, 2024 | americanbankingnews.comRoot (NASDAQ:ROOT) Trading Down 6%May 8, 2024 | Banyan Hill Publishing (Ad)The Best AI Stock to Own in the World Today is Trading for Just $25“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.May 4, 2024 | americanbankingnews.comJMP Securities Raises Root (NASDAQ:ROOT) Price Target to $90.00May 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 ResultsMay 8, 2024 | Banyan Hill Publishing (Ad)The Best AI Stock to Own in the World Today is Trading for Just $25“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.April 29, 2024 | americanbankingnews.comRoot, Inc. (NASDAQ:ROOT) Receives Consensus Recommendation of "Hold" from AnalystsApril 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 Earnings4/30/2024Today5/08/2024Next 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$40.75 High Stock Price Target$90.00 Low Stock Price Target$3.00 Potential Upside/Downside-35.7%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 Ratio1.51 Sales & Book Value Annual Sales$455 million Price / Sales2.03 Cash FlowN/A Price / Cash FlowN/A Book Value$11.43 per share Price / Book5.55Miscellaneous Outstanding Shares14,600,000Free Float13,090,000Market Cap$925.79 million OptionableNot Optionable Beta2.72 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them. 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 CompetitorsAMERISAFENASDAQ:AMSFEmployersNYSE:EIGProAssuranceNYSE:PRAHCI GroupNYSE:HCISafety Insurance GroupNASDAQ:SAFTView All CompetitorsInsiders & InstitutionsQuantbot Technologies LPBought 7,057 shares on 5/6/2024Ownership: 0.048%GSA Capital Partners LLPSold 27,045 shares on 5/3/2024Ownership: 0.534%Meyer MalkaSold 13,300 sharesTotal: $805,714.00 ($60.58/share)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%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 equities research 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 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? 9 equities research analysts have issued twelve-month target prices for Root's stock. Their ROOT share price targets range from $3.00 to $90.00. On average, they predict the company's share price to reach $40.75 in the next year. This suggests that the stock has a possible downside of 34.8%. 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 2024. Since then, ROOT shares have increased by 496.2% and is now trading at $62.48. 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) posted its earnings results on Tuesday, April, 30th. The company reported ($0.42) EPS for the quarter, topping analysts' consensus estimates of ($2.51) by $2.09. The business earned $254.90 million during the quarter, compared to the consensus estimate 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 business's revenue for the quarter was up 263.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.88) EPS. 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 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 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 many different institutional and retail investors. Top institutional shareholders include GSA Capital Partners LLP (0.53%), Raymond James Financial Services Advisors Inc. (0.17%), Mirae Asset Global Investments Co. Ltd. (0.13%), Quantbot Technologies LP (0.05%) 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 5/8/2024 by MarketBeat.com Staff From Our PartnersThe #1 Biotech Stock to Watch in 2024 is Attacking Viruses in a Unique WaySmallcaps DailyTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaAI “wealth window” is closing June 25thParadigm PressForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill PublishingCharles Payne Demystifies OptionsUnstoppable ProsperityShocking: One AI startup's revenue could surge 4,735%Manward PressHe Is Giving Away BitcoinCrypto Swap ProfitsThe AI Stock that’s Disrupting Every IndustryStockEarnings 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. 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