Root/ROOT

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About Root

Root, Inc. is a holding company. The Company operates through its subsidiaries, including Root Insurance Company, Root Property & Casualty Insurance Company and Root Reinsurance Company, Ltd. The Company is a technology insurance company operating a direct-to-consumer model with its personal insurance customers acquired through mobile apps. It offers auto and renters insurance products underwritten by Root Insurance Company and Root Property & Casualty. The Company, by collecting and synthesizing sensory behavioral data across thousands of driving variables, including distracted driving, it strives to price auto insurance based more on causality than correlation. It uses telematics, mobile technology and its digital platform to collect data points that it evaluates in pricing and underwriting certain of its insurance policies, managing claims and customer support, and improving business processes. Its primary focus is on the United States auto insurance market.

Ticker

ROOT

Sector

Financials

Trading on

NASDAQ

Industry

Insurance (Life)

CEO

Alexander Timm

Employees

680

Headquarters

Columbus, United States

Root Metrics

BasicAdvanced
$758M
Market cap
-
P/E ratio
-$7.80
EPS
2.59
Beta
-
Dividend rate
$758M
2.58922
$86.57
$4.72
634K
105.077
105.077
-1.30%
-8.56%
-55.06%
1.184
4.48
2.728
13.674
116.51%
57.64%
9.47%

What the Analysts think about Root

Analyst Ratings

Majority rating from 8 analysts.
Hold

Root Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
-2.43% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$255M
30.85%
Net income
-$6.2M
-74.17%
Profit margin
-2.43%
-80.28%

Root Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 83.05%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
-$2.55
-$3.16
-$1.64
-$0.42
-
Expected
-$3.03
-$2.79
-$2.79
-$2.48
-$1.72
Surprise
-15.72%
13.11%
-41.31%
-83.05%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.
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FAQs

What’s the current market cap for Root stock?

Root (ROOT) has a market cap of $758M as of June 15, 2024.

What is the P/E ratio for Root stock?

The price to earnings (P/E) ratio for Root (ROOT) stock is 0 as of June 15, 2024.

Does Root stock pay dividends?

No, Root (ROOT) stock does not pay dividends to its shareholders as of June 15, 2024.

When is the next Root dividend payment date?

Root (ROOT) stock does not pay dividends to its shareholders.

What is the beta indicator for Root?

Root (ROOT) has a beta rating of 2.59. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Root stock price target?

The target price for Root (ROOT) stock is $63.75, which is NaN% below the current price of $. This is an average based on projections from 8 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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