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.

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Keefe, Bruyette & Woods analyst Tommy McJoynt has reiterated an Outperform rating on Root (NASDAQ:ROOT) but has lowered the price target from $88 to $82.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:58 pm

UBS analyst Brian Meredith maintains a Neutral rating on Root (NASDAQ:ROOT) but lowers the price target from $71 to $61.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:54 pm

Root shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:25 pm

Root, Inc. is approaching its near-term target of achieving net income profitability, signaling potential positive financial performance in the near future.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:10 pm

Root (NASDAQ:ROOT) reported Q2 2024 GAAP EPS of $(0.52), beating the analyst estimate of $(1.93) by 73.06%. Sales were $289.2M, surpassing the $264.771M estimate by 9.23%. This marks a significant improvement from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:50 pm

GeneDx Holdings Corp. (NASDAQ:WGS) has led the Russell 2000 Index in 2024 with a 1,101% increase in share price, driven by a shift to more comprehensive genetic testing. Goldman Sachs has raised its price target for GeneDx from $12.50 to $28, maintaining a Neutral rating. Other top performers include Corbus Holdings Inc. (NASDAQ:CRBP) and Root, Inc. (NASDAQ:ROOT).

Portfolio Pulse from Michael Juliano

July 18, 2024 | 5:36 pm

Cintas Corporation (NASDAQ:CTAS) reported better-than-expected quarterly earnings and revenues, leading to a 5.3% rise in its stock price. Other notable stock movements include Chuy’s Holdings (NASDAQ:CHUY) surging 47.6% after announcing an acquisition by Darden Restaurants (NYSE:DRI), and CommScope Holding (NASDAQ:COMM) jumping 19% following Amphenol's acquisition plans. Virtu Financial (NASDAQ:VIRT) and D.R. Horton (NYSE:DHI) also saw significant gains due to strong financial results.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 2:29 pm

Five financial stocks, Root Inc (ROOT), Bank of New York Mellon Corp (BK), Credit Acceptance Corp. (CACC), Northern Trust Corp (NTRS), and Heartland Financial USA Inc (HTLF), are identified as overbought with high RSI values, indicating potential short-term price declines.

Portfolio Pulse from Avi Kapoor

July 15, 2024 | 11:42 am

7 analysts have shared their evaluations of Root (NASDAQ:ROOT) over the past three months, showing a mix of bullish and bearish perspectives. The average 12-month price target has risen to $64.0, with a high estimate of $90.00 and a low estimate of $15.00. Analysts have raised their ratings and price targets, reflecting positive sentiment towards Root's recent performance.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 6:00 pm

TD Cowen analyst Andrew Kligerman maintains a Hold rating on Root (NASDAQ:ROOT) and raises the price target from $11 to $51.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 5:16 pm

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