Root Inc (NASDAQ:ROOT) has a beta value of 2.45 and has seen 1.19 million shares traded in the last trading session. The company, currently valued at $2.07B, closed the last trade at $135.89 per share which meant it gained $7.98 on the day or 6.24% during that session. The ROOT stock price is -6.95% off its 52-week high price of $145.34 and 74.95% above the 52-week low of $34.04.
The consensus among analysts is that Root Inc (ROOT) is Hold stock at the moment, with a recommendation rating of 2.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 7 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.
Root Inc (NASDAQ:ROOT) trade information
Sporting 6.24% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ROOT stock price touched $135.89 or saw a rise of 6.5%. Year-to-date, Root Inc shares have moved 87.20%, while the 5-day performance has seen it change 2.67%. Over the past 30 days, the shares of Root Inc (NASDAQ:ROOT) have changed 21.30%.
Wall Street analysts have a consensus price target for the stock at $90, which means that the shares’ value could drop -50.99% from current levels. The projected low price target is $13.0 while the price target rests at a high of $234.0. In that case, then, we find that the current price level is -72.2% off the targeted high while a plunge would see the stock lose 90.43% from current levels.
Root Inc (ROOT) estimates and forecasts
The company’s shares have gained 255.27% over the past 6 months.
Earnings growth for 2025 is a modest -123.07% while over the next 5 years, the company’s earnings are expected to decrease by -7.47%.
ROOT Dividends
Root Inc is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Root Inc (NASDAQ:ROOT)’s Major holders
The top two institutional holders are RIBBIT MANAGEMENT COMPANY, LLC with over 1.67 million shares worth more than $86.09 million. As of 2024-06-30, RIBBIT MANAGEMENT COMPANY, LLC held 11.1947% of shares outstanding.
The other major institutional holder is SVB FINANCIAL GROUP, with the holding of over 0.78 million shares as of 2024-06-30. The firm’s total holdings are worth over $40.41 million and represent 5.2551% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Dec 31, 2024 , the former fund manager holds about 2.64% shares in the company for having 295.89 shares of worth $40.21 million while later fund manager owns 238.77 shares of worth $32.45 million as of Dec 31, 2024 , which makes it owner of about 2.13% of company’s outstanding stock.
