Streetbeat News

ROOT

Root, Inc.

Industry

Insurance - Property & Casualty

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.

Open

77.49

Mkt cap

1.2B

Volume

311K

High

78.07

P/E Ratio

-66.34

52-wk high

118.15

Low

75.10

Div yield

N/A

52-wk low

7.22

Root Insurance has expanded its services to Minnesota, offering personalized, driver-based auto insurance rates to over 4 million residents. This expansion aims to provide fast, fair, and affordable insurance options.

Portfolio Pulse from

December 17, 2024 | 2:00 pm

ROOT stock has surged 627% year-to-date, driven by its growth focus and a VGM Score of B. Despite its premium valuation, it is considered a potential buy.

Portfolio Pulse from

December 13, 2024 | 5:30 pm

Root (ROOT) has formed a hammer chart pattern, suggesting potential support and a possible trend reversal. Additionally, upward revisions in earnings estimates could further bolster the stock's performance in the near term.

Portfolio Pulse from

November 28, 2024 | 4:15 pm

Root shares surged as Wells Fargo maintained a Buy rating and increased its price target from $64 to $78.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 7:58 pm

Wells Fargo analyst Elyse Greenspan has maintained an Equal-Weight rating on Root (NASDAQ:ROOT) and increased the price target from $64 to $78.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 6:51 pm

U.S. stocks fell with the Nasdaq down 500 points. Uber shares dropped over 10% despite beating earnings expectations. Root, Alphatec, and Lemonade saw significant gains after positive earnings reports, while Matinas BioPharma, Aurora Innovation, and COMPASS Pathways experienced sharp declines.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 6:43 pm

Root, Inc. (NASDAQ:ROOT) shares surged after reporting better-than-expected Q3 earnings, achieving net income profitability for the first time. The company beat EPS and revenue estimates, driven by strategic investments and operational efficiency. Root also refinanced its debt, reducing interest expenses significantly.

Portfolio Pulse from Vaishali Prayag

October 31, 2024 | 5:24 pm

U.S. stocks traded lower with significant movements in Meta Platforms, Root, Alphatec Holdings, Matinas BioPharma, Aurora Innovation, and COMPASS Pathways. Meta's shares fell after Q3 results, while Root and Alphatec surged on positive earnings. Matinas, Aurora, and COMPASS Pathways saw declines due to negative news.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 4:04 pm

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