In last trading session, Root Inc (NASDAQ:ROOT) saw 0.68 million shares changing hands with its beta currently measuring 2.29. Company’s recent per share price level of $128.25 trading at $0.45 or 0.35% at ring of the bell on the day assigns it a market valuation of $2.06B. That closing price of ROOT’s stock is at a discount of -41.24% from its 52-week high price of $181.14 and is indicating a premium of 73.46% 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 0.49 million shares which gives us an average trading volume of 521.24K 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.
Root Inc (NASDAQ:ROOT) trade information
Upright in the green during last session for gaining 0.35%, in the last five days ROOT remained trading in the red while hitting it’s week-highest on Tuesday, 06/24/25 when the stock touched $128.25 price level, adding 7.27% to its value on the day. Root Inc’s shares saw a change of 178.50% in year-to-date performance and have moved -7.39% in past 5-day. Root Inc (NASDAQ:ROOT) showed a performance of -0.27% in past 30-days. Number of shares sold short was 1.45 million shares which calculate 3.53 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 -42.5% 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 89.86% in reaching the projected high whereas dropping to the targeted low would mean a gain of 89.86% for stock’s current value.
In 2025, company’s earnings growth rate is likely to be around -29.83% while estimates for its earnings growth in next 5 years are of 23.04%.
Root Inc (NASDAQ:ROOT)’s Major holders
Insiders are in possession of 5.80% of company’s total shares while institution are holding 55.89 percent of that, with stock having share float percentage of 59.34%. Investors also watch the number of corporate investors in a company very closely, which is 55.89% 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.
