Market cap of Root Inc. [ROOT] reaches 661.73M – now what?


Root Inc. [NASDAQ: ROOT] loss -5.73% on the last trading session, reaching $2.63 price per share at the time. 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.

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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.

Root Inc. represents 250.20 million in outstanding shares, while the company has a total market value of $661.73 million with the latest information. ROOT stock price has been found in the range of $2.62 to $2.83.

If compared to the average trading volume of 5.39M shares, ROOT reached a trading volume of 2312301 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $6.32 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 2.90. 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 0.24, with the Price to Sales ratio for ROOT stock in the period of the last 12 months amounting to 2.18. The Price to Book ratio for the last quarter was 1.04, with the Price to Cash per share for the same quarter was set at 3.32.

Trading performance analysis for ROOT stock

Root Inc. [ROOT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.72. With this latest performance, ROOT shares dropped by -18.83% in over the last four-week period, additionally sinking by -67.29% over the last 6 months – not to mention a drop of -87.48% 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 31.16, with the RSI for the last a single of trading hit 27.85, and the three-weeks RSI is set at 33.19 for Root Inc. [ROOT]. The present Moving Average for the last 50 days of trading for this stock 3.76, while it was recorded at 2.79 for the last single week of trading, and 7.03 for the last 200 days.

Root Inc. [ROOT]: An earnings per share (EPS) analysis

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%.

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An analysis of insider ownership at Root Inc. [ROOT]

There are presently around $161 million, or 45.40% 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 0.80% of the total institutional ownership; SILVER LAKE GROUP, L.L.C., holding 9,259,259 shares of the stock with an approximate value of $25.83 million in ROOT stocks shares; and VANGUARD GROUP INC, currently with $21.37 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 14,464,147 shares. Additionally, 41 investors decreased positions by around 18,174,338 shares, while 16 investors held positions by with 25,010,769 shares. The mentioned changes placed institutional holdings at 57,649,254 shares, according to the latest SEC report filing. ROOT stock had 30 new institutional investments in for a total of 6,717,809 shares, while 28 institutional investors sold positions of 15,438,267 shares during the same period.