Shares of Root, Inc. (NASDAQ:ROOT – Get Free Report) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $53.38.
Several research analysts have recently commented on ROOT shares. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $82.00 price target (down from $88.00) on shares of Root in a research report on Friday, August 16th. UBS Group reduced their target price on shares of Root from $71.00 to $61.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Finally, TD Cowen raised their price target on shares of Root from $11.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, June 5th.
View Our Latest Stock Report on Root
Institutional Trading of Root
Root Stock Down 2.4 %
Shares of Root stock opened at $38.50 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $577.50 million, a price-to-earnings ratio of -4.95 and a beta of 2.54. The firm’s 50-day moving average is $49.21 and its two-hundred day moving average is $54.70. Root has a 1 year low of $7.22 and a 1 year high of $86.57.
Root (NASDAQ:ROOT – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.74) by $1.22. The firm had revenue of $289.20 million for the quarter, compared to the consensus estimate of $264.80 million. Root had a negative net margin of 9.81% and a negative return on equity of 50.80%. The company’s quarterly revenue was up 286.6% on a year-over-year basis. During the same period last year, the firm earned ($2.55) earnings per share. As a group, research analysts expect that Root will post -2.13 earnings per share for the current fiscal year.
Root Company Profile
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.
Further Reading
- Five stocks we like better than Root
- Pros And Cons Of Monthly Dividend Stocks
- Should You Invest in Treasury Bills?
- 3 Monster Growth Stocks to Buy Now
- Analysts Think There’s Still Time to Get in on Edgewise, Up 332%
- Differences Between Momentum Investing and Long Term Investing
- 3 Stocks Raising Dividends 4X Higher Than Inflation
Receive News & Ratings for Root Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Root and related companies with MarketBeat.com's FREE daily email newsletter.