Root Inc (NASDAQ: ROOT) is 84.43% higher on its value in year-to-date trading and has touched a low of $34.04 and a high of $145.34 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ROOT stock was last observed hovering at around $128.32 in the last trading session, with the day’s gains setting it 5.56%.
Currently trading at $133.88, the stock is 11.27% and 35.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing 4.33% at the moment leaves the stock 96.53% off its SMA200. ROOT registered 242.40% gain for a year compared to 6-month gain of 231.71%.
The stock witnessed a 24.47% loss in the last 1 month and extending the period to 3 months gives it a 44.17%, and is -0.95% 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 15.18% over the week and 11.64% over the month.
Root Inc (ROOT) has around 1021 employees, a market worth around $2.03B and $1.18B in sales. Current P/E ratio is 85.53 and Fwd P/E is 164.81. Profit margin for the company is 2.43%. Distance from 52-week low is 293.30% and -7.88% from its 52-week high. The company has generated returns on investments over the last 12 months (5.54%).
The EPS is expected to shrink by -123.07% this year.
Root Inc (ROOT) Top Institutional Holders
The shares outstanding are 11.10M, and float is at 7.98M with Short Float at 20.90%.
The top institutional shareholder in the company is RIBBIT MANAGEMENT COMPANY, LLC with over 1.67 million shares valued at $86.09 million. The investor’s holdings represent 11.1947% of the ROOT Shares outstanding. As of 2024-06-30, the second largest holder is SVB FINANCIAL GROUP with 0.78 million shares valued at $40.41 million to account for 5.2551 of the shares outstanding. The other top investors are GALILEO (PTC) LTD which holds 0.25 million shares representing 1.6958% and valued at over $13.04 million, while MARSHALL WACE, LLP holds 1.3302 of the shares totaling 0.2 million with a market value of $10.23 million.
Root Inc (ROOT) Insider Activity
The most recent transaction is an insider sale by Allison Jonathan, the company’s Chief Administrative Officer. SEC filings show that Allison Jonathan sold 4,000 shares of the company’s common stock on Nov 19 ’24 at a price of $100.00 per share for a total of $0.4 million. Following the sale, the insider now owns 60571.0 shares.
Root Inc disclosed in a document filed with the SEC on Nov 18 ’24 that Szudarek Julie (Director) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Nov 18 ’24 and was made at $96.33 per share for $0.19 million. Following the transaction, the insider now directly holds 15003.0 shares of the ROOT stock.
Still, SEC filings show that on Nov 19 ’24, Allison Jonathan (Officer) Proposed Sale 4,000 shares at an average price of $100.00 for $0.4 million. The insider now directly holds shares of Root Inc (ROOT).
