Root, Inc. (ROOT)
| Market Cap | 4.98B |
| Revenue (ttm) | 431.50M |
| Net Income (ttm) | -329.90M |
| Shares Out | 252.10M |
| EPS (ttm) | -1.31 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Dividend Yield | n/a |
| Trading Day | January 15 |
| Last Price | $19.86 |
| Previous Close | $21.00 |
| Change ($) | -1.14 |
| Change (%) | -5.43% |
| Day's Open | 21.50 |
| Day's Range | 19.33 - 21.80 |
| Day's Volume | 2,143,304 |
| 52-Week Range | 13.91 - 27.00 |
New tech-enhanced insurance companies have been popping up fast and furious over the last year.
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COLUMBUS, Ohio, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced that it will present and host meetings at the Citi 20...
The IPO market has been beneficial this year, which makes the performance of the worst IPOs of 2020 all the more disappointing. The post Here Are the 4 Worst IPOs of 2020 appeared first on Inv...
COLUMBUS, Ohio, Dec. 14, 2020 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced that Dan Rosenthal, Chief Financial Officer, and Dr. ...
COLUMBUS, Ohio, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced financial results for the quarter ended September 30,...
Three out-of-favor debutantes could bounce back nicely in the year ahead.
The IPO market is taking a break during the shortened Thanksgiving week, with just one IPO and two SPACs scheduled to raise $900 million. Russian e-commerce company Ozon Holdings plans to rais...
COLUMBUS, Ohio, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced it plans to host a conference call to discuss results...
Last week was the Root Insurance IPO. With shares down over 10%, here's what Root Insurance needs to do to be a long-term winner.
Root Insurance went public on Wednesday and raised $724 million in its debut. Root wants to change the way insurance costs are calculated and plans to use technology and artificial intelligenc...
Eleven IPOs and nine SPACs priced this past week, getting out ahead of the US election. Markets tumbled and volatility spiked, as several deals broke issue and three IPOs postponed.
Root's innovative car insurance and business model seems like a real disruptive force. I like the potential of the business, as the promise still has to translate into the actual results.
It's not the first neo-insurance IPO of 2020, but the Root Insurance IPO may still be a worthy bet on a unique insure-tech start-up. The post Root Insurance IPO Poised to Disrupt the Insurance...
Root to Expand Quickly in Auto Insurance Market, CEO Says
Oct.28 -- Root Inc. Chief Executive Officer Alex Timm says he's "thrilled" with the auto insurance platform's trading debut after raising $724 million in its U.S. initial public offering. He s...
Root Inc. picked a bad day for the stock market to go public, as shares of the Ohio-based auto insurer opened 3.7% below the initial public offering price of $27. The stock's first trade was a...
No matter who wins the election, or how the transition goes -- if the markets stay rich, the IPOs can flow.
Root is an IPO scheduled to start trading on October 27th. The company has focused on the auto insurance industry and has acquired more 320k currently paying insurance customers.
Root Inc's stock is set to begin trading Wednesday, after the Ohio-based auto insurer's upsized initial public offering priced at $27, above the the expected range of between $22 and $25 a sha...
COLUMBUS, Ohio, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Root, Inc., the parent company of Root Insurance Company, today announced the pricing of its initial public offering of 26,830,845 shares of i...
The initial public offering of Root, which is aiming to disrupt the auto insurance market, is drawing heightened interest from investors in a deal that looks to raise $578 million. The post Ro...
Root has filed to raise $568 million in a U.S. IPO for itself and a selling shareholder.
Root Inc. , a provider of car insurance, set terms for its initial public offering on Tuesday, with plans to offer 24.2 million shares priced at $22 to $25 each. The company is offering 22 mil...
About ROOT
Root is a technology company revolutionizing personal insurance with a pricing model based upon fairness and a modern customer experience. We have built a company that recognizes each individual is unique and puts customers in control, rewarding them for their actions. For centuries, traditional insurance companies have grouped people into risk pools and long relied on the ‘law of large numbers’ to produce acceptable pricing on an aggregate basis. Fairness at the individual level has been largely ignored. Root is different—we use technolo... [Read more...]
| Industry Insurance-Property & Casualty | IPO Date Oct 28, 2020 |
| CEO Alexander Timm | Employees 977 |
| Stock Exchange NASDAQ | Ticker Symbol ROOT |
Financial Performance
In 2019, Root, Inc.'s revenue was $290.20 million, an increase of 570.21% compared to the previous year's $43.30 million. Losses were -$282.40 million, 308.7% more than in 2018.
Analyst Forecasts
According to 12 analysts, the average rating for Root, Inc. stock is "Buy." The 12-month stock price forecast is 22.58, which is an increase of 13.70% from the latest price.