Root/ROOT

$24.41

7.24%
-
1D1W1MYTD1YMAX

About Root

Root, Inc. is a holding company. The Company operates through its subsidiaries, which include Root Insurance Company, Root Property & Casualty Insurance Company and Root Reinsurance Company, Ltd. The Company is a tech-enabled insurance company operating a direct-to-consumer model with its personal insurance customers acquired through mobile applications and its embedded platform. It offers auto and renters insurance products underwritten by Root Insurance Company and Root Property & Casualty Insurance Company. The Company, by collecting and synthesizing sensory behavioral data across various driving variables, including distracted driving, it prices policies 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. 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
$247.62M
Market cap
-
P/E ratio
-$10.25
EPS
1.97
Beta
-
Dividend rate

What the Analysts think about Root

Analyst Ratings

Majority rating from 8 analysts.
Hold

Price Targets

Average projection from 8 analysts.
46.21% downside
High $22.00
Low $10.00
$24.41
Current price
$13.13
Average price target

Root Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
-12.32% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$194.8M
68.95%
Net income
$-24M
-47.6%
Profit margin
-12.32%
-68.98%

Root Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 13.11%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q1 24
Actual
-$2.88
-$2.55
-$3.16
-
Expected
-$3.59
-$3.03
-$2.79
-$2.47
Surprise
-19.71%
-15.72%
13.11%
-
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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