Root, Inc. (ROOT)

NASDAQ: ROOT · IEX Real-Time Price · USD
14.21
+1.83 (14.74%)
Dec 5, 2023, 10:17 AM EST - Market open
14.74%
Market Cap 178.34M
Revenue (ttm) 331.50M
Net Income (ttm) -190.80M
Shares Out 9.60M
EPS (ttm) -13.25
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 539,562
Open 12.36
Previous Close 12.39
Day's Range 11.89 - 14.21
52-Week Range 3.31 - 14.80
Beta 1.53
Analysts Hold
Price Target 9.07 (-34.8%)
Earnings Date Nov 1, 2023

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]

Sector Financials
IPO Date Oct 28, 2020
Employees 765
Stock Exchange NASDAQ
Ticker Symbol ROOT
Full Company Profile

Financial Performance

In 2022, Root, Inc.'s revenue was $310.80 million, a decrease of -10.02% compared to the previous year's $345.40 million. Losses were -$297.70 million, -42.87% less than in 2021.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for ROOT stock is "Hold." The 12-month stock price forecast is $9.07, which is a decrease of -34.80% from the latest price.

Price Target
$9.07
(-34.80% downside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

4 weeks ago - GlobeNewsWire

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...

7 weeks ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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:

5 months ago - GlobeNewsWire

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...

5 months ago - Market Watch

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...

7 months ago - GlobeNewsWire

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...

7 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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...

10 months ago - GlobeNewsWire

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...

11 months ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 broa...

1 year ago - GlobeNewsWire

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 confe...

1 year ago - GlobeNewsWire

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.T...

1 year ago - Newsfile Corp

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 resu...

1 year ago - GlobeNewsWire

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 res...

1 year ago - GlobeNewsWire

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.

1 year ago - GuruFocus