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Root (ROOT)
NASDAQ:ROOT
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ROOT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$7.22 - $118.15
Previous Close$88.91
Volume943.88K
Average Volume (3M)587.97K
Market Cap
$1.34B
Enterprise Value$1.34B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)―
Beta2.23
Next Earnings
Feb 19, 2025EPS Estimate
-$0.51Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.31
Shares Outstanding15,100,000
10 Day Avg. Volume928,692
30 Day Avg. Volume587,973
Standard Deviation0.52
R-Squared0.05
Alpha0.00108
Financial Highlights & Ratios
Price to Book (P/B)24.23
Price to Sales (P/S)1.14
Price to Cash Flow (P/CF)6.00
P/FCF Ratio6.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.29
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$74.67Price Target Upside-16.02% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Root News
PremiumCompany Announcements
Root, Inc. Achieves Historic Profitability Milestone
PremiumCompany Announcements
Root Achieves Profitability and Growth in Q3 2024
Bulls Say, Bears Say
Bulls Say
Debt RestructuringROOT was able to restructure its term loan facility, decreasing the limit but lowering the cost significantly, which should halve interest expense.
Financial PerformanceROOT shares rose 69% as the stock benefited from its first quarter of positive net income.
Growth OpportunitiesThere are ample profitable growth opportunities across geographic expansion to nationwide, further penetration of its direct channel, and a growing number of partnerships.
Bears Say
Cash Flow IssuesUnencumbered cash burn was $36m ending the quarter at $447m, worse than $464m.
Growth ConcernsPIF growth slowed in Q2 and the company stated that so far in Q3 it was maintaining policies that are stable with the end of Q2.
Performance ConsistencyQuarter-to-quarter volatility, including seasonal impacts, is expected, which may affect performance consistency.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
ROOT FAQ
What was Root’s price range in the past 12 months?
Root lowest stock price was $7.22 and its highest was $118.15 in the past 12 months.
What is Root’s market cap?
Currently, no data Available
When is Root’s upcoming earnings report date?
Root’s upcoming earnings report date is Feb 19, 2025 which is in 91 days.
How were Root’s earnings last quarter?
Root released its earnings results on Oct 30, 2024. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of -$0.928 by $2.278.
Is Root overvalued?
According to Wall Street analysts Root’s price is currently Overvalued.
Does Root pay dividends?
Root does not currently pay dividends.
What is Root’s EPS estimate?
Root’s EPS estimate is -$0.51.
How many shares outstanding does Root have?
Root has 10,700,000 shares outstanding.
What happened to Root’s price movement after its last earnings report?
Root reported an EPS of $1.35 in its last earnings report, beating expectations of -$0.928. Following the earnings report the stock price went up 68.906%.
Which hedge fund is a major shareholder of Root?
Among the largest hedge funds holding Root’s share is Driehaus Capital Management LLC. It holds Root’s shares valued at 9M.
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Root Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$74.67 (-16.02% Downside)
$74.67 (-16.02% Downside)
Blogger Sentiment
Bullish
ROOT Sentiment 77%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 202.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $37.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.6%
Last 30 Days ▲ 14.5%
Last 30 Days ▲ 14.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
807.24%
12-Months-Change
Fundamentals
Return on Equity
-5.21%
Trailing 12-Months
Asset Growth
27.86%
Trailing 12-Months
Company Description
Root
Root Inc develops and launches a direct-to-consumer personal automobile insurance and mobile technology company. It is a direct-to-consumer personal auto insurance, renters insurance and mobile technology company. The company offers renters insurance in Arkansas, Missouri, Ohio, Georgia, Kentucky, Nevada, Tennessee, and Utah, and auto insurance to drivers in Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Mexico, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and West Virginia. It generates revenue from the sale of auto insurance policies within the United States.
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ROOT Earnings Call
Q3 2024
0:00 / 0:00
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ROOT Revenue Breakdown
87.89% Net premiums earned
6.64% Net investment income
5.14% Fee Income
0.00% Net realized gains on investments
0.33% Other
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ROOT Stock 12 Month Forecast
Average Price Target
$74.67
▼(-16.02% Downside)
Technical Analysis
Best Analysts Covering ROOT
1 Year
1 Year Success Rate
10/16 ratings generated profit
1 Year Average Return
+96.41%
reiterated a buy rating 21 days ago
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