Root, Inc. (ROOT)
Market Cap | 752.08M |
Revenue (ttm) | 455.00M |
Net Income (ttm) | -147.40M |
Shares Out | 14.62M |
EPS (ttm) | -10.24 |
PE Ratio | n/a |
Forward PE | 4.41 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 494,012 |
Open | 50.64 |
Previous Close | 51.43 |
Day's Range | 49.52 - 54.19 |
52-Week Range | 3.63 - 85.99 |
Beta | 2.86 |
Analysts | Buy |
Price Target | 25.14 (-51.13%) |
Earnings Date | Apr 30, 2024 |
About ROOT
Root, Inc. provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. It operates a direct-to-consumer model; and serves customers primarily through mobile applications, as well as through its website. The company's direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies. Root, Inc. was incorporated in 2015 and is headquartered in Columbus, Ohio. [Read more]
Financial Performance
In 2023, Root, Inc.'s revenue was $455.00 million, an increase of 46.40% compared to the previous year's $310.80 million. Losses were -$147.40 million, -50.49% less than in 2022.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for ROOT stock is "Buy." The 12-month stock price forecast is $25.14, which is a decrease of -51.13% from the latest price.
News
Root, Inc. Schedules Conference Call to Discuss First Quarter 2024 Financial Results
COLUMBUS, Ohio, April 10, 2024 (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 res...
Forget SMCI stock: Root share price is doing much better
Super Micro Computer (NASDAQ: SMCI) has made headlines this year, as the company came from nowhere to become one of the best-performing companies in Wall Street. It has surged by more than 253% this y...
Root stock up 300% in ten days is not out of juice yet: Jefferies
Root Inc (NASDAQ: ROOT) has close to quadrupled over the past ten days but a Jefferies analyst is confident the stock could still push further to the upside.
What's happening with the Root Inc. stock price?
Root Inc. (NASDAQ: ROOT) stock price has gone vertical as it more than doubled in the past four days. It has jumped from the year-to-date low of $7.27 to almost $26.
Root, Inc. Announces 2023 Fourth Quarter and Full Year Results
COLUMBUS, Ohio, Feb. 21, 2024 (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, 2...
Matt Bonakdarpour Elevated to President and Chief Technology Officer at Root
The tech company promotes CTO to expanded role leading company-wide strategic and operational efforts The tech company promotes CTO to expanded role leading company-wide strategic and operational effo...
Root, Inc. Schedules Conference Call to Discuss 2023 Fourth Quarter and Full Year Financial Results
COLUMBUS, Ohio, Feb. 05, 2024 (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 resu...
Root, Inc. Announces 2023 Third Quarter Results
COLUMBUS, Ohio, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today. Root's third quarter finan...
Root, Inc. Schedules Conference Call to Discuss Third Quarter 2023 Financial Results
COLUMBUS, Ohio, Oct. 12, 2023 (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 resu...
Root, Inc. Announces 2023 Second Quarter Results
COLUMBUS, Ohio, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today. Root's second quarter fina...
Root, Inc. Issues Statement from Board of Directors
COLUMBUS, Ohio, June 29, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today issued the following statement:
Root's stock rockets again after WSJ report of buyout bid at a more than 200% premium
Shares of Root Inc. ROOT, +59.80% rocketed 37.4% toward a 10-month high in premarket trading Thursday, a day after soaring 59.8%, in the wake of a report in The Wall Street Journal that a potential bu...
Root Promotes Seasoned Leaders from Within and Boosts Growth Efforts with New Business Development Leader
Megan Binkley is promoted to Chief Financial Officer, Jon Allison is promoted to Chief Administrative Officer, and former president of ForeverCar, Jason Shapiro, joins the Root team to lead Business D...
Root, Inc. Announces 2023 First Quarter Results
COLUMBUS, Ohio, May 03, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today. Root's first quarter financ...
Root, Inc. Schedules Conference Call to Discuss First Quarter 2023 Financial Results
COLUMBUS, Ohio, April 06, 2023 (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 res...
Root, Inc. to Participate in the Jefferies Insurtech Conference
COLUMBUS, Ohio, March 17, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, today announced that A...
Root, Inc. Not Materially Impacted by Silicon Valley Bank Closure
COLUMBUS, Ohio, March 11, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, today announced that i...
Root, Inc. Announces 2022 Fourth Quarter and Full Year Results
COLUMBUS, Ohio, Feb. 22, 2023 (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, 2...
Root, Inc. Schedules Conference Call to Discuss Fourth Quarter 2022 Financial Results
COLUMBUS, Ohio, Jan. 19, 2023 (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 resu...
Root, Inc. Announces 2022 Third Quarter Results
COLUMBUS, Ohio, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced financial results for the quarter. Root's third quarter resul...
Root, Inc. CEO and Co-Founder Honored as FinTech Leader
Alex Timm, CEO and Co-Founder, has been named a Top 100 Leader in FinTech by FinTech Magazine Alex Timm, CEO and Co-Founder, has been named a Top 100 Leader in FinTech by FinTech Magazine
Root, Inc. Schedules Conference Call to Discuss Third Quarter 2022 Financial Results
COLUMBUS, Ohio, Oct. 10, 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 resu...
Root, Inc. to Participate in the Barclays Global Financial Services Conference
COLUMBUS, Ohio, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance Company, today announce...
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 resu...
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 resu...