Root, Inc. (ROOT)

NASDAQ: ROOT · IEX Real-Time Price · USD
1.37
-0.01 (-0.72%)
At close: Aug 8, 2022 4:00 PM
1.14
-0.23 (-16.79%)
Pre-market: Aug 9, 2022 4:00 AM EDT
-0.72%
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...]

Industry Insurance
IPO Date Oct 28, 2020
Employees 1,571
Stock Exchange NASDAQ
Ticker Symbol ROOT
Full Company Profile

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 Statements

Analyst 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.

Price Target
$3.92
(186.13% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

5 Unique Stocks That Can Generate Transformational Wealth

These innovative businesses can put patient investors on a path to financial independence.

Other symbols: LOVENVAXPINS

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 ...

Bear Market Buys: 3 Innovative Stocks Down as Much as 93% That Can Double Your Money in 3 Years

These downtrodden stocks are perfect buys with the Nasdaq in bear market territory.

Other symbols: LOVEPUBM

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.

3 Growth Stocks Down 79% (or More) That Can Double by 2025

These fast-paced stocks have the competitive advantages needed to make their shareholders richer.

Other symbols: BARKTDOC

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...

3 Supercharged Small-Cap Stocks With 300% Upside by 2025

Good things come in small packages.

Other symbols: PLNHFPUBM

3 Growth Stocks With Monster Upside of 253% to 650%, According to Wall Street

Select analysts and investment banks are looking for these fast-growing stocks to skyrocket in 2022.

Other symbols: OCGNPLUG

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...

Best Penny Stocks to Buy Next Month? Check These 3 Out

Can these penny stocks push up next month? The post Best Penny Stocks to Buy Next Month?

Other symbols: DNASHIP

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.