Root Inc. [ROOT] Stock trading around $2.85 per share: What’s Next?


Root Inc. [NASDAQ: ROOT] stock went on a downward path that fall over -3.39% on Thursday, amounting to a one-week price decrease of less than -7.77%. The company report on December 13, 2021 that Root Insurance Now Available in Kansas.

Insurance rates based primarily on how you drive arrive in Kansas to save good drivers money.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, has launched in Kansas, the 32nd state where Root auto insurance is now available.

Over the last 12 months, ROOT stock dropped by -84.51%. The one-year Root Inc. stock forecast points to a potential upside of 55.33. The average equity rating for ROOT stock is currently 2.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $717.29 million, with 250.20 million shares outstanding and 96.83 million shares in the current float. Compared to the average trading volume of 5.64M shares, ROOT stock reached a trading volume of 4491660 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 $6.38 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 2.80. 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.

Jefferies have made an estimate for Root Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 19, 2021. While these analysts kept the previous recommendation, Barclays dropped their target price from $5 to $3. The new note on the price target was released on November 15, 2021, representing the official price target for Root Inc. stock. Previously, the target price had yet another raise to $5, while Wolfe Research analysts kept a Peer Perform rating on ROOT stock. On August 13, 2021, analysts decreased their price target for ROOT shares from 16 to 7.

The Average True Range (ATR) for Root Inc. is set at 0.26, with the Price to Sales ratio for ROOT stock in the period of the last 12 months amounting to 2.37. The Price to Book ratio for the last quarter was 1.12, with the Price to Cash per share for the same quarter was set at 3.31.

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 -7.77. With this latest performance, ROOT shares dropped by -22.97% in over the last four-week period, additionally sinking by -68.85% over the last 6 months – not to mention a drop of -84.51% in the past year of trading.

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 34.82, with the RSI for the last a single of trading hit 33.88, and the three-weeks RSI is set at 35.61 for Root Inc. [ROOT]. The present Moving Average for the last 50 days of trading for this stock 3.96, while it was recorded at 3.07 for the last single week of trading, and 7.29 for the last 200 days.


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 33.30%.

>> 7 Top Picks for the Post-Pandemic Economy <<

Root Inc. [ROOT] Insider Position Details

There are presently around $170 million, or 45.20% 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 0% of the company’s market cap and around 2.50% of the total institutional ownership; SILVER LAKE GROUP, L.L.C., holding 9,259,259 shares of the stock with an approximate value of $27.32 million in ROOT stocks shares; and VANGUARD GROUP INC, currently with $22.6 million in ROOT stock with ownership of nearly 34.871% of the company’s market capitalization.

65 institutional holders increased their position in Root Inc. [NASDAQ:ROOT] by around 14,463,197 shares. Additionally, 40 investors decreased positions by around 18,173,938 shares, while 17 investors held positions by with 25,011,919 shares. The mentioned changes placed institutional holdings at 57,649,054 shares, according to the latest SEC report filing. ROOT stock had 29 new institutional investments in for a total of 6,716,809 shares, while 27 institutional investors sold positions of 15,437,867 shares during the same period.