RootROOT
ROOT
About: Root Inc develops and launches a direct-to-consumer personal automobile insurance and mobile technology company. The company is a direct-to-consumer personal auto insurance, renters insurance and mobile technology company. It generates revenue from the sale of auto insurance policies within the United States.
Employees: 680
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
67% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 21
60% more call options, than puts
Call options by funds: $19.7M | Put options by funds: $12.3M
16% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 25
4% more funds holding
Funds holding: 99 [Q2] → 103 (+4) [Q3]
7.21% less ownership
Funds ownership: 76.97% [Q2] → 69.77% (-7.21%) [Q3]
29% less capital invested
Capital invested by funds: $393M [Q2] → $279M (-$114M) [Q3]
40% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 3 (-2) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$67
8%
downside
Avg. target
$77
5%
upside
High target
$90
23%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Keefe, Bruyette & Woods Thomas McJoynt-Griffith 62% 1-year accuracy 8 / 13 met price target | 23%upside $90 | Outperform Reiterated | 5 Nov 2024 |
UBS Brian Meredith 74% 1-year accuracy 29 / 39 met price target | 8%downside $67 | Neutral Maintained | 4 Nov 2024 |
Wells Fargo Elyse Greenspan 57% 1-year accuracy 52 / 91 met price target | 7%upside $78 | Equal-Weight Maintained | 1 Nov 2024 |
Jefferies Yaron Kinar 50% 1-year accuracy 8 / 16 met price target | 2%downside $72 | Buy Maintained | 9 Oct 2024 |
Financial journalist opinion
Based on 5 articles about ROOT published over the past 30 days
Neutral
GlobeNewsWire
3 days ago
Beet Root Powder Market Industry Trends, Opportunities and Forecasts to 2029
Key Player Profiles for Xi'an Green Spring Technology Co., PRiiS Trading Company , Jeeva Organic Private, Carrington Tea Company, PharmaCare Laboratories, Nature's Way Brands, Botanical Ingredients Ltd., GO Superfoods Ltd, Terrasoul Superfoods and Indigo Herbs. Key Player Profiles for Xi'an Green Spring Technology Co., PRiiS Trading Company , Jeeva Organic Private, Carrington Tea Company, PharmaCare Laboratories, Nature's Way Brands, Botanical Ingredients Ltd., GO Superfoods Ltd, Terrasoul Superfoods and Indigo Herbs.
Neutral
GlobeNewsWire
4 days ago
Root Insurance Expands to Minnesota, Offering Personalized, Driver-Based Rates
Fast, fair, affordable auto insurance now available to more than 4 million Minnesotans Fast, fair, affordable auto insurance now available to more than 4 million Minnesotans
Positive
Zacks Investment Research
1 week ago
ROOT Stock Skyrockets 627% YTD: Time to Buy Despite Premium Valuation?
Despite its expensive valuation, given its focus on driving growth, its price appreciation and its VGM Score of B, you can bet on ROOT stock.
Neutral
Zacks Investment Research
2 weeks ago
4 Growth Stocks From P&C Insurance Space to Enhance Your Portfolio
Given the prospects of the Property and Casualty Insurance industry, ALL, TRV, ROOT and MCY have the potential to generate better returns than other player.
Positive
Zacks Investment Research
3 weeks ago
Root (ROOT) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
After losing some value lately, a hammer chart pattern has been formed for Root (ROOT), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
Positive
The Motley Fool
1 month ago
This Small-Cap Growth Stock Has Surged 600% in 2024 and Its Recent Results Shocked Investors. Is the Stock a Buy Today?
This small-cap stock has skyrocketed after posting a surprising profit in the third quarter.
Neutral
Schwab Network
1 month ago
Insurance Industry Trends Shown Through LMND & ROOT
Today's Overlooked Stock focuses on Lemonade (LMND), an insurance company that utilizes A.I. George Tsilis says the company highlights a unique trend in the insurance industry.
Positive
Zacks Investment Research
1 month ago
Root, Inc. (ROOT) Hit a 52 Week High, Can the Run Continue?
Root (ROOT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Positive
Seeking Alpha
1 month ago
Root, Inc. Has Entered The World Of Profits (Rating Upgrade)
Root, Inc. has finally achieved its first profitable quarter, reducing the risks and providing a better basis for valuation. Following wild price fluctuation after ROOT's earnings release, the closing price fell to a fair range for no growth and a bargain if growth materializes. Auto insurance remains competitive, however, and bigger competitors may yet test Root's ability to capture market share from its small starting point.
Positive
Invezz
1 month ago
Root stock spikes 150%: here's what investors need to know
Root Inc (NASDAQ: ROOT) rallied a whopping 150% after reporting its first-ever net income profitability on the back of massive growth in quarterly revenue on Wednesday. “This is obviously a great milestone for Root.
Charts implemented using Lightweight Charts™