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

90.34

Mkt cap

1.4B

Volume

571K

High

97.75

P/E Ratio

-83.23

52-wk high

118.15

Low

86.58

Div yield

N/A

52-wk low

7.22

Root Inc. saw significant trading activity in its May 17 $125 call options, with 109 contracts traded at $6.9 each versus an open interest of 37 contracts. This activity comes ahead of Root's estimated earnings release on May 1, after the market closes. The reference stock price at the time of the option trade was $83.43.

Portfolio Pulse from Charles Gross

April 09, 2024 | 1:47 pm

In Friday's intraday session, the insurance industry saw significant movements with Huize Holding, Root, Oxbridge Re Holdings, Maiden Holdings, Marpai, and Tian Ruixiang Holdings experiencing gains, while eHealth, Fanhua, Palomar Holdings, Arch Capital Group, Investors Title, and Waterdrop faced declines. Notably, Maiden Holdings' Q4 earnings were released three days ago.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 5:40 pm

In Tuesday's intraday session, the insurance industry saw significant movements with Huize Holding, Marpai, Universal Insurance Holdings, Fanhua, Kingstone Companies, and American Coastal as gainers, while Lemonade, Hippo Holdings, HCI Group, Root, United Fire Group, and ProAssurance were the losers. Notably, Huize Holding led the gainers with a 15.85% increase, and Lemonade led the losers with a 3.46% decrease.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 5:40 pm

In Monday's intraday session, several insurance stocks experienced significant movements. Marpai, Fanhua, Huize Holding, Tian Ruixiang Holdings, Oxbridge Re Holdings, and MBIA were among the gainers, with increases ranging from 3.52% to 22.85%. Conversely, Root, Maiden Holdings, Cheche Group, Crawford, Kinsale Capital Group, and Goosehead Insurance were the losers, with decreases ranging from 2.93% to 4.09%.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 5:40 pm

Today's session highlighted significant options activity in the Financials sector, with notable movements in stocks like SOFI, C, COIN, BAC, JPM, ARCC, WFC, MS, NU, and ROOT. The activity ranged from bullish to bearish sentiments, with various expiration dates and strike prices. This options activity could indicate upcoming trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 5:35 pm

Box, Inc. reported better-than-expected fourth-quarter EPS and announced a $100 million expansion of its stock repurchase program, leading to a 7.3% rise in its shares. Other companies like TRxADE HEALTH, American Public Education, and Dada Nexus also saw significant gains following positive financial results or announcements. Notably, MicroStrategy's shares rose 10% after a previous day's 21% drop due to a proposed convertible senior notes offering.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 4:45 pm

Zscaler, Inc. (ZS) shares fell by 10.1% following its Q2 earnings report, despite better-than-expected results. Other stocks showed significant movement, with BioVie Inc. (BIVI) and Adial Pharmaceuticals, Inc. (ADIL) among the top gainers. Losers included GigCapital5, Inc. (GIA) and Fisker Inc. (FSR), with FSR dropping 44.6% due to concerns about its going concern status.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 6:19 pm

Root Inc. shares experienced an increase in trading volume and price following an upgrade by Jefferies from Hold to Buy, along with a significant raise in the price target from $10 to $40.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:22 pm

The Cooper Companies reported better-than-expected Q1 financial results and raised guidance, leading to a 7.4% stock increase. Other companies like Dell, Sweetgreen, Everbridge, NetApp, and Tidewater also saw significant gains following positive financial results or corporate actions. Stocks like Dell and NetApp reported better-than-expected financial results, with Dell also increasing its annual cash dividend by 20%. Everbridge amended a merger agreement, and Tidewater reported strong Q4 results.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 4:18 pm

Jefferies analyst Yaron Kinar upgrades Root Inc. (NASDAQ:ROOT) from Hold to Buy and increases the price target from $10 to $40.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:34 pm

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