During the last session, Root Inc (NASDAQ:ROOT)’s traded shares were 1.22 million, with the beta value of the company hitting 2.38. At the end of the trading day, the stock’s price was $151.11, reflecting an intraday loss of -10.35% or -$17.44. The 52-week high for the ROOT share is $181.14, that puts it down -19.87 from that peak though still a striking 77.47% gain since the share price plummeted to a 52-week low of $34.04. The company’s market capitalization is $2.30B, and the average intraday trading volume over the past 10 days was 0.75 million shares, and the average trade volume was 571.92K shares over the past three months.
Root Inc (ROOT) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.33. ROOT has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.03.
Root Inc (NASDAQ:ROOT) trade information
Root Inc (ROOT) registered a -10.35% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -10.35% in intraday trading to $151.11, hitting a weekly high. The stock’s 5-day price performance is -2.03%, and it has moved by 55.64% in 30 days. Based on these gigs, the overall price performance for the year is 181.08%. The short interest in Root Inc (NASDAQ:ROOT) is 1.4 million shares and it means that shorts have 1.6 day(s) to cover.
The consensus price target of analysts on Wall Street is $90, which implies a decrease of -67.9% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $234 respectively. As a result, ROOT is trading at a discount of -54.85% off the target high and 91.4% off the low.
Root Inc (ROOT) estimates and forecasts
In the rating firms’ projections, revenue will increase 6.45% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 305.24M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 314.21M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 254.9M and 289.2M respectively. In this case, analysts expect current quarter sales to grow by 19.75% and then jump by 8.65% in the coming quarter.
While earnings are projected to return -123.07% in 2025, the next five years will return -7.47% per annum.
ROOT Dividends
Root Inc is due to release its next quarterly earnings on 2025-Feb-25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Root Inc (NASDAQ:ROOT)’s Major holders
Root Inc insiders own 9.59% of total outstanding shares while institutional holders control 67.06%, with the float percentage being 74.18%. RIBBIT MANAGEMENT COMPANY, LLC is the largest shareholder of the company, while 188.0 institutions own stock in it. As of 2024-06-30, the company held over 1.67 million shares (or 11.1947% of all shares), a total value of $86.09 million in shares.
The next largest institutional holding, with 0.78 million shares, is of SVB FINANCIAL GROUP’s that is approximately 5.2551% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $40.41 million.
Also, the Mutual Funds coming in first place with the largest holdings of Root Inc (ROOT) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Dec 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 295.89 shares. This amounts to just over 2.64 percent of the company’s overall shares, with a $44.71 million market value. The same data shows that the other fund manager holds slightly less at 240.39, or about 2.15% of the stock, which is worth about $36.33 million.
