Root (ROOT)

• Market cap: $1.22B
• 1 day: 2.74%
• 5 days: -8.18%
• 1 month: 11.52%
• 3 months: 103.93%
• 6 months: 7.08%
• Year to date: 10.34%
• 1 year: 788.38%
• 5 years: -83.33%
• 10 years: -83.33%
• Sector: Financials
• Industry: Fire, Marine & Casualty Insurance

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

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

21% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 24

4% more funds holding

Funds holding: 99 [Q2] → 103 (+4) [Q3]

7.37% less ownership

Funds ownership: 78.13% [Q2] → 70.76% (-7.37%) [Q3]

29% less capital invested

Capital invested by funds: $399M [Q2] → $283M (-$116M) [Q3]

40% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 3 (-2) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $67 17% downside
• Avg. target: $79 2% downside
• High target: $90 11% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

Wells Fargo Elyse Greenspan 70% 1-year accuracy 74 / 105 met price target	1% downside $80	Equal-Weight Maintained	14 Jan 2025
Keefe, Bruyette & Woods Thomas McJoynt-Griffith 69% 1-year accuracy 9 / 13 met price target	11% upside $90	Outperform Reiterated	5 Nov 2024
UBS Brian Meredith 81% 1-year accuracy 26 / 32 met price target	17% downside $67	Neutral Maintained	4 Nov 2024