In last trading session, Root Inc (NASDAQ:ROOT) saw 0.83 million shares changing hands with its beta currently measuring 2.43. Company’s recent per share price level of $112.37 trading at -$8.06 or -6.69% at ring of the bell on the day assigns it a market valuation of $1.71B. That closing price of ROOT’s stock is at a discount of -61.2% from its 52-week high price of $181.14 and is indicating a premium of 69.71% from its 52-week low price of $34.04. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.8 million shares which gives us an average trading volume of 628.91K if we extend that period to 3-months.
For Root Inc (ROOT), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.33. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.03 in the current quarter.
Root Inc (NASDAQ:ROOT) trade information
Upright in the red during last session for losing -6.69%, in the last five days ROOT remained trading in the red while hitting it’s week-highest on Monday, 03/31/25 when the stock touched $112.37 price level, adding 18.73% to its value on the day. Root Inc’s shares saw a change of 54.80% in year-to-date performance and have moved -17.94% in past 5-day. Root Inc (NASDAQ:ROOT) showed a performance of -12.43% in past 30-days. Number of shares sold short was 1.4 million shares which calculate 1.6 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 90 to the stock, which implies a fall of -24.86% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 234. It follows that stock’s current price would jump 88.43% in reaching the projected high whereas dropping to the targeted low would mean a gain of 88.43% for stock’s current value.
Root Inc (ROOT) estimates and forecasts
This year revenue growth is estimated to rise 6.45% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 305.24M for the same. And 4 analysts are in estimates of company making revenue of 314.21M in the next quarter. Company posted 254.9M and 289.2M of sales in current and next quarters respectively a year earlier.
In 2025, company’s earnings growth rate is likely to be around -123.07% while estimates for its earnings growth in next 5 years are of -7.49%.
Root Inc (NASDAQ:ROOT)’s Major holders
Insiders are in possession of 4.89% of company’s total shares while institution are holding 53.49 percent of that, with stock having share float percentage of 56.24%. Investors also watch the number of corporate investors in a company very closely, which is 53.49% institutions for Root Inc that are currently holding shares of the company. RIBBIT MANAGEMENT COMPANY, LLC is the top institutional holder at ROOT for having 1.67 million shares of worth $86.09 million. And as of 2024-06-30, it was holding 11.1947 of the company’s outstanding shares.
The second largest institutional holder is SVB FINANCIAL GROUP, which was holding about 0.78 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.2551 of outstanding shares, having a total worth of $40.41 million.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 295.89 shares of worth $33.25 million or 2.64% of the total outstanding shares. The later fund manager was in possession of 226.7 shares on Feb 28, 2025 , making its stake of worth around $25.47 million in the company or a holder of 2.02% of company’s stock.
