94 institutions hold shares in Root Inc. (ROOT), with 115.05M shares held by insiders accounting for 45.71% while institutional investors hold 157.42% of the company’s shares. The shares outstanding are 254.38M, and float is at 32.17M with Short Float at 33.95%. Institutions hold 85.46% of the Float.
The top institutional shareholder in the company is Silver Lake Group, LLC with over 9.26 million shares valued at $145.46 million. The investor’s holdings represent 15.52% of the ROOT Shares outstanding. As of Dec 30, 2020, the second largest holder is Dragoneer Investment Group, LLC with 9.26 million shares valued at $145.46 million to account for 15.52% of the shares outstanding. The other top investors are Coatue Management, LLC which holds 4.55 million shares representing 7.62% and valued at over $71.45 million, while Valiant Capital Management, L.P. holds 4.89% of the shares totaling 2.92 million with a market value of $45.81 million.
Root Inc. (NASDAQ: ROOT) is -22.41% lower on its value in year-to-date trading and has touched a low of $10.45 and a high of $29.48 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ROOT stock was last observed hovering at around $12.73 in the last trading session, with the day’s loss setting it -0.54% off its average median price target of $21.00 for the next 12 months. It is also 59.37% off the consensus price target high of $30.00 offered by 12 analysts, but current levels are -35.44% lower than the price target low of $9.00 for the same period.
Currently trading at $12.19, the stock is -0.42% and -25.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.61 million and changing -4.24% at the moment leaves the stock -30.15% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $13.75 and a 200-day simple moving average (SMA200) of $17.40.
The stock witnessed a -13.05% in the last 1 month and extending the period to 3 months gives it a -26.34%, and is -5.28% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.55% over the week and 11.31% over the month.
Root Inc. (ROOT) has around 1007 employees, a market worth around $3.20B and $346.80M in sales. Distance from 52-week low is 16.65% and -58.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.40%).
Root Inc. (ROOT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Root Inc. (ROOT) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.80, where 7 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Root Inc. quarterly earnings per share for the current quarter are estimated at -$0.46 with sales reaching $160.52M over the same period.The EPS is expected to shrink by -27.30% this year, but quarterly earnings will post 35.60% year-over-year.
Root Inc. (ROOT) Insider Activity
The most recent transaction is an insider sale by Manges Daniel, the company’s Chief Technology Officer. SEC filings show that Manges Daniel sold 36,427 shares of the company’s common stock on Mar 15 at a price of $11.09 per share for a total of $0.4 million. Following the sale, the insider now owns 0.0 shares.
Root Inc. disclosed in a document filed with the SEC on Mar 12 that Manges Daniel (Chief Technology Officer) sold a total of 213,573 shares of the company’s common stock. The trade occurred on Mar 12 and was made at $11.03 per share for $2.36 million. Following the transaction, the insider now directly holds 36427.0 shares of the ROOT stock.
Still, SEC filings show that on Dec 30, Malka Meyer (10% Owner) acquired 753,976 shares at an average price of $16.55 for $12.48 million. The insider now directly holds 1,753,976 shares of Root Inc. (ROOT).