Root Inc. [ROOT] Stock trading around $13.49 per share: What’s Next?

Root Inc. [NASDAQ: ROOT] stock went on a downward path that fall over -17.84% on Friday, amounting to a one-week price decrease of less than -24.26%. The company report on February 26, 2021 that Root, Inc. Announces Fourth Quarter and Fiscal 2020 Results.

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Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, announced financial results for the quarter and fiscal year ended December 31, 2020. Root’s fourth quarter and fiscal year 2020 financial results and management commentary can be found by accessing the shareholder letter posted to the company’s investor relations website at ir.joinroot.com.

Root will host a conference call and earnings webcast to discuss the results at 5:00 p.m. Eastern Time. To listen to the live audio webcast, please visit the Events section of Root’s Investor Relations website at ir.joinroot.com. A replay will be available on the same website following the call.

The one-year Root Inc. stock forecast points to a potential upside of 40.26. The average equity rating for ROOT stock is currently 2.70, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $4.12 billion, with 305.27 million shares outstanding and 32.17 million shares in the current float. Compared to the average trading volume of 2.32M shares, ROOT stock reached a trading volume of 8792251 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Root Inc. [ROOT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ROOT shares is $22.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ROOT stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Root Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 18, 2020. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Overweight. The new note on the price target was released on November 23, 2020, representing the official price target for Root Inc. stock. Previously, the target price had yet another raise to $26, while Truist analysts kept a Buy rating on ROOT stock.

The Average True Range (ATR) for Root Inc. is set at 1.70, with the Price to Sales ratio for ROOT stock in the period of the last 12 months amounting to 10.23.

ROOT Stock Performance Analysis:

Root Inc. [ROOT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.26.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ROOT stock in for the last two-week period is set at 25.90, with the RSI for the last a single of trading hit 15.43, and the three-weeks RSI is set at 32.42 for Root Inc. [ROOT]. The present Moving Average for the last 50 days of trading for this stock 18.63, while it was recorded at 16.04 for the last single week of trading.

Insight into Root Inc. Fundamentals:

ROOT Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ROOT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Root Inc. go to 8.56%.

Root Inc. [ROOT] Insider Position Details

There are presently around $677 million, or 85.60% of ROOT stock, in the hands of institutional investors. The top three institutional holders of ROOT stocks are: DRAGONEER INVESTMENT GROUP, LLC with ownership of 9,259,259, which is approximately New of the company’s market cap and around 48.00% of the total institutional ownership; SILVER LAKE GROUP, L.L.C., holding 9,259,259 shares of the stock with an approximate value of $124.91 million in ROOT stocks shares; and COATUE MANAGEMENT LLC, currently with $61.35 million in ROOT stock with ownership of nearly New of the company’s market capitalization.

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78 institutional holders increased their position in Root Inc. [NASDAQ:ROOT] by around 50,218,091 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 50,218,091 shares, according to the latest SEC report filing. ROOT stock had 78 new institutional investments in for a total of 50,218,091 shares, while 0 institutional investors sold positions of 0 shares during the same period.

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