In the last trading session, 1.14 million Root Inc (NASDAQ:ROOT) shares changed hands as the company’s beta touched 2.38. With the company’s per share price at $151.73 changed hands at $17.5 or 13.04% during last session, the market valuation stood at $2.31B. ROOT’s last price was a premium, traded about 3.79% off its 52-week high of $145.98. The share price had its 52-week low at $34.04, which suggests the last value was 77.57% up since then. When we look at Root Inc’s average trading volume, we note the 10-day average is 0.93 million shares, with the 3-month average coming to 517.73K.
Analysts gave the Root Inc (ROOT) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended ROOT as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Root Inc’s EPS for the current quarter is expected to be 0.03.
Root Inc (NASDAQ:ROOT) trade information
Instantly ROOT was in green as seen at the end of in last trading. With action 13.33%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 109.02%, with the 5-day performance at 13.33% in the green. However, in the 30-day time frame, Root Inc (NASDAQ:ROOT) is 28.24% up. Looking at the short shares, we see there were 1.4 million shares sold at short interest cover period of 2.35 days.
The consensus price target for the stock as assigned by Wall Street analysts is 90, meaning bulls need a downside of -68.59% from its current market value. According to analyst projections, ROOT’s forecast low is 13 with 234 as the target high. To hit the forecast high, the stock’s price needs a -54.22% plunge from its current level, while the stock would need to tank 91.43% for it to hit the projected low.
Root Inc (ROOT) estimates and forecasts
Year-over-year growth is forecast to reach 6.45% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 305.24M. 4 analysts are of the opinion that Root Inc’s revenue for the current quarter will be 314.21M. The company’s revenue for the corresponding quarters a year ago was 254.9M and 289.2M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 19.75%. The estimates for the next quarter sales put growth at 8.65%.
The 2025 estimates are for Root Inc earnings to decrease by -123.07%, but the outlook for the next 5-year period is at -7.47% per year.
ROOT Dividends
Root Inc is expected to release its next quarterly earnings report on 2025-Feb-25.
Root Inc (NASDAQ:ROOT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.60% of Root Inc shares while 67.12% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 74.24%. There are 67.12% institutions holding the Root Inc stock share, with RIBBIT MANAGEMENT COMPANY, LLC the top institutional holder. As of 2024-06-30, the company held 11.1947% of the shares, roughly 1.67 million ROOT shares worth $86.09 million.
SVB FINANCIAL GROUP holds the second largest percentage of outstanding shares, with 5.2551% or 0.78 million shares worth $40.41 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 295.89 shares estimated at $44.9 million under it, the former controlled 2.64% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.13% of the shares, roughly 238.77 shares worth around $36.23 million.
