During the last session, Root Inc (NASDAQ:ROOT)’s traded shares were 0.32 million, with the beta value of the company hitting 2.27. At the end of the trading day, the stock’s price was $115.76, reflecting an intraday loss of -4.84% or -$5.89. The 52-week high for the ROOT share is $181.14, that puts it down -56.48 from that peak though still a striking 70.59% gain since the share price plummeted to a 52-week low of $34.04. The company’s market capitalization is $1.86B, and the average intraday trading volume over the past 10 days was 0.36 million shares, and the average trade volume was 451.07K 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 0.15.
Root Inc (NASDAQ:ROOT) trade information
Root Inc (ROOT) registered a -4.84% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.84% in intraday trading to $115.76, hitting a weekly high. The stock’s 5-day price performance is -7.18%, and it has moved by -23.71% in 30 days. Based on these gigs, the overall price performance for the year is 59.47%. The short interest in Root Inc (NASDAQ:ROOT) is 1.45 million shares and it means that shorts have 3.53 day(s) to cover.
The consensus price target of analysts on Wall Street is $90, which implies a decrease of -28.62% 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 -102.14% off the target high and 88.77% off the low.
Root Inc (ROOT) estimates and forecasts
In the rating firms’ projections, revenue will increase 19.66% 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 348.36M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 353.56M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 289.2M and 305.7M respectively. In this case, analysts expect current quarter sales to grow by 20.46% and then jump by 15.65% in the coming quarter.
While earnings are projected to return 24.26% in 2025, the next five years will return 33.23% per annum.
ROOT Dividends
Root Inc is due to release its next quarterly earnings on 2025-May-07. 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 5.80% of total outstanding shares while institutional holders control 55.91%, with the float percentage being 59.35%. RIBBIT MANAGEMENT COMPANY, LLC is the largest shareholder of the company, while 240.0 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 SMALLCAP WORLD FUND INC and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . Data provided on Mar 31, 2025 indicates that SMALLCAP WORLD FUND INC owns about 344.38 shares. This amounts to just over 2.85 percent of the company’s overall shares, with a $39.87 million market value. The same data shows that the other fund manager holds slightly less at 295.92, or about 2.45% of the stock, which is worth about $34.26 million.
