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Root, Inc. (ROOT)

Stock Price: $19.86 USD -1.14 (-5.43%)
Updated Jan 15, 2021 4:00 PM EST - Market closed
After-hours: $20.00 +0.14 (0.71%) Jan 15, 7:59 PM
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

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The Motley Fool - 15 hours ago

New tech-enhanced insurance companies have been popping up fast and furious over the last year.

Other stocks mentioned: CLOV, GOCO
CNBC Television - 1 day ago

Pentagon leaders try to root out extremism in ranks

Pentagon leaders are currently investigating how prevalent extremism is within the military's own ranks. Active duty troops and veterans were part of the mob that attacked Capitol Hill last week.

GlobeNewsWire - 1 week ago

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...

InvestorPlace - 2 weeks ago

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...

Other stocks mentioned: CSPR, GOCO, MCFE
GlobeNewsWire - 1 month ago

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. ...

GlobeNewsWire - 1 month ago

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,...

The Motley Fool - 1 month ago

Three out-of-favor debutantes could bounce back nicely in the year ahead.

Other stocks mentioned: BLCT, CSPR
Seeking Alpha - 1 month ago

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...

Other stocks mentioned: ALGM, AVIR, BDSX, GATO, GLTO, LESL, LU, MAX, SQZ
GlobeNewsWire - 2 months ago

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...

InvestorPlace - 2 months ago

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.

Seeking Alpha - 2 months ago

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...

Seeking Alpha - 2 months ago

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.

Other stocks mentioned: ACICU, AVIR, DSACU, GLTO, LESL, LUXAU, MAX
Seeking Alpha - 2 months ago

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.

InvestorPlace - 2 months ago

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...

Bloomberg Technology - 2 months ago

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...

Market Watch - 2 months ago

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...

TechCrunch - 2 months ago

No matter who wins the election, or how the transition goes -- if the markets stay rich, the IPOs can flow.

Seeking Alpha - 2 months ago

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.

Market Watch - 2 months ago

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...

GlobeNewsWire - 2 months ago

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...

Investors Business Daily - 2 months ago

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...

Seeking Alpha - 2 months ago

Root has filed to raise $568 million in a U.S. IPO for itself and a selling shareholder.

Market Watch - 2 months ago

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
Full Company Profile

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.

Financial Statements

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.

Price Target
$22.58
(13.70% upside)
Analyst Consensus: Buy