Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Root Inc-OH Market Cap
Based on ratings from 6 stock analysts, the Root Inc-OH stock price is expected to decrease by 27.06% in 12 months. This is calculated by using the average 12-month stock price forecast for Root Inc-OH. The lowest target is $51 and the highest is $90. Please note analyst price targets are not guaranteed and could be missed completely.
About 6 Wall Street analysts have assignedROOT 2 buy ratings, 4 hold ratings, and 0 sell ratings. This means that analysts expect Root Inc-OH to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on ROOT. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of ROOT.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Matthew Carletti JMP Securities | Market Perform | Downgrade | Nov 22, 2024 | |
| Thomas McJoynt-Griffith Keefe, Bruyette & Woods | Outperform | $90 | Reiterates | Nov 5, 2024 |
| Brian Meredith UBS | Neutral | $67 | Maintains | Nov 4, 2024 |
| Elyse Greenspan Wells Fargo | Equal-Weight | $78 | Maintains | Nov 1, 2024 |
| Matthew Carletti JMP Securities | Market Outperform | $90 | Reiterates | Oct 15, 2024 |
| Elyse Greenspan Wells Fargo | Equal-Weight | $64 | Maintains | Oct 10, 2024 |
| Yaron Kinar Jefferies | Buy | $72 | Maintains | Oct 9, 2024 |
| Tommy McJoynt Keefe, Bruyette & Woods | Outperform | $82 | Reiterates | Aug 16, 2024 |
| Brian Meredith UBS | Neutral | $61 | Maintains | Aug 13, 2024 |
Keefe, Bruyette & Woods | Outperform | Maintains | Jul 22, 2024 | |
| Andrew Kligerman TD Cowen | Hold | $51 | Maintains | Jun 5, 2024 |
| Thomas McJoynt-Griffith Keefe, Bruyette & Woods | Outperform | $80 | Reiterates | May 7, 2024 |
| Matthew Carletti JMP Securities | Market Outperform | $90 | Maintains | May 1, 2024 |
| Elyse Greenspan Wells Fargo | Equal-Weight | $78 | Maintains | May 1, 2024 |
| Thomas McJoynt-Griffith Keefe, Bruyette & Woods | Outperform | $70 | Reiterates | Apr 24, 2024 |
| Matthew Carletti JMP Securities | Market Outperform | $15 | Reiterates | Apr 15, 2024 |
| Elyse Greenspan Wells Fargo | Equal-Weight | $64 | Maintains | Apr 11, 2024 |
| Yaron Kinar Jefferies | Buy | $40 | Upgrade | Mar 1, 2024 |
| Thomas McJoynt-Griffith Keefe, Bruyette & Woods | Outperform | $22 | Upgrade | Feb 26, 2024 |
| Michael Ward Citigroup | Neutral | $12 | Maintains | Feb 23, 2024 |
When did it IPO
2020
Staff Count
680
Country
United States
Sector/Industry
Financial Services/Insurance - Property & Casualty
CEO
Mr. Alexander Edward Timm
Market Cap
$1.65B
In 2023, ROOT generated $455.0M in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that ROOT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Thu, 07 Nov 2024
Sentiment - POSITIVE
Source - The Motley Fool
Summary - A small-cap stock has surged following an unexpected profit announcement for the third quarter.
Why It Matters - A surprising profit in a small-cap stock can signal strong growth potential, attracting investor interest and potentially driving up its market value.
Thu, 31 Oct 2024
Sentiment - POSITIVE
Source - Invezz
Summary - Root Inc (NASDAQ: ROOT) surged 150% after achieving its first net income profitability, driven by significant quarterly revenue growth reported on Wednesday.
Why It Matters - Root Inc's 150% stock surge due to its first net income signals strong revenue growth, indicating potential for sustained profitability and investor confidence.
Thu, 31 Oct 2024
Sentiment - POSITIVE
Source - Schaeffers Research
Summary - Root Inc (NASDAQ:ROOT) shares surged to nearly three-year highs following a surprise third-quarter profit of $1.35 per share.
Why It Matters - Root Inc's unexpected third-quarter profit signals improved financial health, potentially attracting more investors and driving up stock prices, indicating strong market confidence.
Wed, 30 Oct 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Root, Inc. (NASDAQ:ROOT) will hold its Q3 2024 earnings conference call on October 30, 2024, at 5:00 PM ET, featuring CEO Alex Timm and CFO Megan Binkley.
Why It Matters - Root, Inc.'s Q3 2024 earnings call signals potential insights into its financial health and future strategy, crucial for assessing investment risks and opportunities.
Wed, 30 Oct 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Root, Inc. (NASDAQ: ROOT) reported its Q3 financial results and management commentary today. Details are available in the shareholder letter on their investor relations website.
Why It Matters - Root, Inc.'s financial results can impact stock performance, investor sentiment, and future growth projections, key metrics for evaluating investment potential.
Wed, 30 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Root, Inc. (ROOT) reported Q3 earnings of $1.35 per share, exceeding estimates of a $0.61 loss, and improved from a loss of $3.16 per share a year prior.
Why It Matters - Root, Inc.'s strong earnings beat expectations and show significant year-over-year improvement, indicating potential growth and positive market sentiment, which could drive stock performance.
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