Root, Inc. (ROOT)
| Market Cap | 348.66M |
| Revenue (ttm) | 362.20M |
| Net Income (ttm) | -497.90M |
| Shares Out | 254.50M |
| EPS (ttm) | -1.99 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 3,517,222 |
| Open | 1.43 |
| Previous Close | 1.38 |
| Day's Range | 1.31 - 1.45 |
| 52-Week Range | 0.94 - 8.40 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 3.92 (+186.1%) |
| Earnings Date | Aug 8, 2022 |
About ROOT
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. [Read more...]
Financial Performance
In 2021, Root, Inc.'s revenue was $345.40 million, a decrease of -0.40% compared to the previous year's $346.80 million. Losses were -$521.10 million, 43.6% more than in 2020.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for ROOT stock is "Buy." The 12-month stock price forecast is 3.92, which is an increase of 186.13% from the latest price.
News
Root, Inc. (ROOT) Reports Q2 Loss, Lags Revenue Estimates
Root, Inc. (ROOT) delivered earnings and revenue surprises of 26.53% and 5.38%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Root, Inc. Announces 2022 Second Quarter Results; Moving Forward with Reverse Stock Split at 1-for-18 Ratio
COLUMBUS, Ohio, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced financial results for the quarter. Root's second quarter result...
UPDATE – Root, Inc. Schedules Conference Call to Discuss Second Quarter 2022 Financial Results
COLUMBUS, Ohio, July 21, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial result...
Root Adds Tech and E-Commerce Experience to Board with Appointment of Atida CEO
The insurtech announces the addition of Julie Szudarek to its board of directors to bolster market expansion and business operations The insurtech announces the addition of Julie Szudarek to its board o...
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Root, Inc. Set to Join Russell 3000® Index
COLUMBUS, Ohio, June 13, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, is set to join the broad-...
Root, Inc. to Participate in the Goldman Sachs Insurtech Conference
Alex Timm, Co-Founder and CEO of Root Insurance, will participate in his second conference fireside chat this year Alex Timm, Co-Founder and CEO of Root Insurance, will participate in his second confere...
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Root, Inc.
Wilmington, Delaware--(Newsfile Corp. - May 6, 2022) - Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Root, Inc. (NASDAQ: ROOT) on behalf of stockholders.To ...
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Root, Inc. (ROOT) Reports Q1 Loss, Tops Revenue Estimates
Root, Inc. (ROOT) delivered earnings and revenue surprises of 28.57% and 0.73%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Root, Inc. Announces 2022 First Quarter Results
COLUMBUS, Ohio, April 27, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced financial results for the quarter. Root's first quarter result...
Earnings Preview: Root, Inc. (ROOT) Q1 Earnings Expected to Decline
Root, Inc. (ROOT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Root, Inc. Schedules Conference Call to Discuss First Quarter 2022 Financial Results
COLUMBUS, Ohio, April 07, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial resul...
Root: Can This Insurtech Growth Stock Bounce Back?
Root Inc. ( ROOT , Financial) is a disruptive U.S. car insurance company operating in 32 states. The company provides a telematics system that enables the tracking of driver habits.
Root Adds Insurance Strength to Leadership Team with New CFO
Rob Bateman will join the insurtech as CFO as Dan Rosenthal fully transitions into his role as Chief Revenue and Operating Officer Rob Bateman will join the insurtech as CFO as Dan Rosenthal fully trans...
Root, Inc. to Participate in the Jefferies Insurtech Conference
COLUMBUS, Ohio, March 17, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, today announced that Ale...
Root Inc. Unveils No. 23 Toyota Camry Paint Scheme with nod to NASA's Hubble Space Telescope view
Root Inc., the parent company of Root Insurance, unveils car's paint scheme for the first primary sponsored race with Bubba Wallace of the 2022 NASCAR Season Root Inc., the parent company of Root Insura...
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Root, Inc. (ROOT) Reports Q4 Loss, Tops Revenue Estimates
Root, Inc. (ROOT) delivered earnings and revenue surprises of 10.20% and 26.63%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Root, Inc. Announces 2021 Fourth Quarter and Full Year Results
COLUMBUS, Ohio, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced financial results for the quarter and year end December 31, 202...
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Root Announces Closing of New Term Loan Facility with BlackRock
COLUMBUS, Ohio, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, announced the successful completion of a new term loan facility with BlackRock ...
Why Shares of Root Are Crashing Heading Into the Weekend
The auto insurance company announced layoffs amid financial pressure.