Root Inc (NASDAQ:ROOT)’s traded shares stood at 1.07 million during the last session, with the company’s beta value hitting 2.36. At the close of trading, the stock’s price was $128.86, to imply an increase of 19.20% or $20.76 in intraday trading. The ROOT share’s 52-week high remains $181.14, putting it -40.57% down since that peak but still an impressive 73.58% since price per share fell to its 52-week low of $34.04. The company has a valuation of $1.96B, with an average of 0.79 million shares in intraday trading volume over the past 10 days and average of 653.14K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Root Inc (ROOT), translating to a mean rating of 2.33. Of 7 analyst(s) looking at the stock, 0 analyst(s) give ROOT a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.03.
Root Inc (NASDAQ:ROOT) trade information
After registering a 19.20% upside in the last session, Root Inc (ROOT) has traded red over the past five days. The 5-day price performance for the stock is 2.95%, and -5.17% over 30 days. With these gigs, the year-to-date price performance is 77.52%. Short interest in Root Inc (NASDAQ:ROOT) saw shorts transact 1.4 million shares and set a 1.6 days time to cover.
The extremes give us $13 and $234 for target low and target high price respectively. As such, ROOT has been trading -81.59% off suggested target high and 89.91% from its likely low.
Root Inc (ROOT) estimates and forecasts
The rating firms project that company’s revenue will grow 10.14% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 305.24M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 314.21M.Earnings reports from the last fiscal year show that sales brought in 254.9M and 289.2M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 19.75% before jumping 8.65% in the following quarter.
ROOT Dividends
Root Inc has its next earnings report out on 2025-Feb-25. 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 (NASDAQ:ROOT)’s Major holders
Root Inc insiders hold 4.89% of total outstanding shares, with institutional holders owning 53.49% of the shares at 56.24% float percentage. In total, 53.49% institutions holds shares in the company, led by RIBBIT MANAGEMENT COMPANY, LLC. As of 2024-06-30, the company held over 1.67 million shares (or 11.1947% of shares), all amounting to roughly $86.09 million.
The next major institution holding the largest number of shares is SVB FINANCIAL GROUP with 0.78 million shares, or about 5.2551% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $40.41 million.
We also have VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Root Inc (ROOT) shares. Going by data provided on Dec 31, 2024 , VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund holds roughly 295.89 shares. This is just over 2.64% of the total shares, with a market valuation of $38.13 million. Data from the same date shows that the other fund manager holds a little less at 226.7, or 2.02% of the shares, all valued at about 29.21 million.
