Root Inc. (NASDAQ: ROOT): Can The Stock Still Lose Despite An -62.00% YTD Loss? – Marketing Sentinel
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Root Inc. (NASDAQ: ROOT): Can The Stock Still Lose Despite An -62.00% YTD Loss?

Root Inc. (NASDAQ:ROOT)’s traded shares stood at 4.89 million during the last session. At the close of trading, the stock’s price was $5.97, to imply an increase of 1.19% or $0.07 in intraday trading. The ROOT share’s 52-week high remains $29.48, putting it -393.8% down since that peak but still an impressive 13.07% since price per share fell to its 52-week low of $5.19. The company has a valuation of $1.56B, with an average of 17.74 million shares in intraday trading volume over the past 10 days and average of 6.92 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Hold for Root Inc. (ROOT), translating to a mean rating of 2.90. Of 13 analyst(s) looking at the stock, 0 analyst(s) give ROOT a Sell rating. 0 of those analysts rate the stock as Overweight while 10 advise Hold as 2 recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.67.

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Root Inc. (NASDAQ:ROOT) trade information

After registering a 1.19% upside in the last session, Root Inc. (ROOT) has traded red over the past five days. The stock hit a weekly high of 6.96 this Thursday, 09/16/21, jumping 1.19% in its intraday price action. The 5-day price performance for the stock is -9.82%, and 7.57% over 30 days. With these gigs, the year-to-date price performance is -62.00%. Short interest in Root Inc. (NASDAQ:ROOT) saw shorts transact 21.39 million shares and set a 2.48 days time to cover.

Analysts on Wall Street suggest a consensus price target of $7.33, implying an increase of 18.55% to the stock’s current value. The extremes give us $5.00 and $13.00 for target low and target high price respectively. As such, ROOT has been trading -117.76% off suggested target high and 16.25% from its likely low.

Root Inc. (ROOT) estimates and forecasts

Looking at statistics comparing Root Inc. share performance against respective industry, we note that the company has outperformed competitors. Root Inc. (ROOT) shares are -46.65% down over the last 6 months, with its year-to-date growth rate higher than industry average at 52.60% against 19.90%. Revenue is forecast to grow 69.50% this quarter before jumping 31.90% for the next one. The rating firms project that company’s revenue will shrink -56.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 6 analysts is $59.5 million. Meanwhile, for the quarter ending Dec 2021, a total of 5 analyst(s) estimate revenue growth to $47.85 million.Earnings reports from the last fiscal year show that sales brought in $163.59 million and $145.7 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -63.60% before dropping -67.20% in the following quarter.

ROOT Dividends

Root Inc. has its next earnings report out on May 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Root Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Root Inc. (NASDAQ:ROOT)’s Major holders

Root Inc. insiders hold 26.28% of total outstanding shares, with institutional holders owning 55.44% of the shares at 75.20% float percentage. In total, 55.44% institutions holds shares in the company, led by Silver Lake Group, LLC. As of Jun 29, 2021, the company held over 9.26 million shares (or 10.66% of shares), all amounting to roughly $100.19 million.

The next major institution holding the largest number of shares is Dragoneer Investment Group, LLC with 9.26 million shares, or about 10.66% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $100.19 million.

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We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Root Inc. (ROOT) shares. Going by data provided on Jun 29, 2021, Vanguard Total Stock Market Index Fund holds roughly 1.96 million shares. This is just over 2.26% of the total shares, with a market valuation of $21.22 million. Data from the same date shows that the other fund manager holds a little less at 1.72 million, or 1.98% of the shares, all valued at about 18.65 million.

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