ROOT - Root Inc-OH Stock Price, Fair Value and News

63.87USD+0.90 (+1.43%)Delayed as of 08 May 2024, 01:09 pm ET

Market Summary

USD63.87+0.90

Delayedas of 08 May 2024, 01:09 pm

1.43%

ROOT Alerts

1 major insider sales recently.

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)
Losses in recent quarter

ROOT Stock Price

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ROOT RSI Chart

ROOT Valuation

Market Cap

919.4M

Price/Earnings (Trailing)

-8.16

Price/Sales (Trailing)

1.44

EV/EBITDA

-10.85

Price/Free Cashflow

14.32

ROOT Price/Sales (Trailing)

ROOT Profitability

EBT Margin

-17.61%

Return on Equity

-68.01%

Return on Assets

-7.87%

Free Cashflow Yield

6.98%

ROOT Fundamentals

ROOT Revenue

Revenue (TTM)

639.8M

Rev. Growth (Yr)

263.62%

Rev. Growth (Qtr)

30.85%

ROOT Earnings

Earnings (TTM)

-112.7M

Earnings Growth (Yr)

84.84%

Earnings Growth (Qtr)

74.17%

Breaking Down ROOT Revenue

52 Week Range

4.2964.48

(Low)(High)

Last 7 days

-9.6%

Last 30 days

-24.1%

Last 90 days

756.2%

Trailing 12 Months

1035.9%

How does ROOT drawdown profile look like?

ROOT Financial Health

Debt/Equity

1.81

Debt/Cashflow

0.22

ROOT Investor Care

Shares Dilution (1Y)

2.82%

Diluted EPS (TTM)

-7.79

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	639.8M	0	0	0
2023	295.5M	289.9M	331.5M	455.0M
2022	362.2M	352.8M	332.7M	310.8M
2021	291.4M	259.8M	303.1M	345.4M
2020	372.8M	431.5M	402.4M	346.8M
2019	105.0M	166.8M	228.5M	290.2M
2018	0	0	0	43.3M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Root Inc-OH

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 02, 2024	malka meyer	acquired	-	-	13,300	-
May 02, 2024	malka meyer	sold	-805,767	60.584	-13,300	-
May 01, 2024	bonakdarpour mahtiyar	sold (taxes)	-27,614	69.91	-395	president and cto
May 01, 2024	allison jonathan	sold (taxes)	-22,720	69.91	-325	chief administrative officer
May 01, 2024	timm alexander e.	sold (taxes)	-55,578	69.91	-795	chief executive officer
May 01, 2024	binkley megan	sold (taxes)	-2,936	69.91	-42.00	chief financial officer
Apr 30, 2024	forish ryan	acquired	-	-	738	chief accounting officer
Apr 16, 2024	allison jonathan	sold (taxes)	-865	61.84	-14.00	chief administrative officer
Apr 02, 2024	allison jonathan	acquired	-	-	2,147	chief administrative officer
Apr 02, 2024	bonakdarpour mahtiyar	acquired	-	-	14,348	president and cto

Which funds bought or sold ROOT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Quantbot Technologies LP	new	-	431,042	431,042	0.02%
May 03, 2024	HUNTINGTON NATIONAL BANK	unchanged	-	25,300	30,540	-%
May 03, 2024	HUNTINGTON NATIONAL BANK	unchanged	-	-	1.00	-%
May 03, 2024	Avion Wealth	sold off	-100	-1,000	-	-%
May 03, 2024	GSA CAPITAL PARTNERS LLP	reduced	-25.76	3,660,000	4,760,000	0.38%
May 02, 2024	NISA INVESTMENT ADVISORS, LLC	reduced	-40.00	916	1,283	-%
May 01, 2024	Mirae Asset Global Investments Co., Ltd.	new	-	78,785	78,785	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
Apr 30, 2024	Sequoia Financial Advisors, LLC	new	-	293,184	293,184	-%
Apr 30, 2024	MACROVIEW INVESTMENT MANAGEMENT LLC	new	-	8,491	8,491	0.01%

Are Funds Buying or Selling ROOT?

Are funds buying ROOT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ROOT

No. of Funds

Unveiling Root Inc-OH's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 20, 2024	schusterman interests, llc	3.2%	308,231	SC 13G/A
Feb 14, 2024	svb capital management, llc	8.2%	783,012	SC 13G
Feb 14, 2024	timm alexander e.	10.37%	1,099,458	SC 13G/A
Feb 14, 2024	svb financial group	8.2%	783,012	SC 13G/A
Feb 14, 2024	drive capital overdrive fund i, l.p.	1.2%	112,469	SC 13G/A
Feb 13, 2024	cannell capital llc	7.47%	717,043	SC 13G
Nov 15, 2023	silver lake group, l.l.c.	0%	0	SC 13D/A
Nov 15, 2023	carvana group, llc	39.8%	6,357,352	SC 13D/A
Sep 01, 2023	carvana group, llc	24.9%	3,146,568	SC 13D/A
Aug 07, 2023	carvana group, llc	24.9%	3,146,568	SC 13D/A

Recent SEC filings of Root Inc-OH

View All Filings

Date Filed	Form Type	Document
May 07, 2024	SC 13D/A	13D - Major Acquisition
May 06, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 02, 2024	144	Notice of Insider Sale Intent
May 02, 2024	4	Insider Trading
Apr 30, 2024	10-Q	Quarterly Report
Apr 30, 2024	8-K	Current Report

Peers (Alternatives to Root Inc-OH)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.0T	1.3B	1.04%	3195.96%	-4.9K	773.83	-10.27%	-34.69%
AJG	53.6B	10.6B	0.45%	13.83%	49.04	5.04	20.42%	-6.05%
AIG	53.3B	48.4B	3.31%	49.36%	11.03	1.1	-4.15%	-20.63%
TRV	49.7B	42.9B	-6.01%	18.86%	15.83	1.16	13.52%	12.15%
AFL	48.1B	19.3B	-0.90%	25.15%	8.99	2.49	3.03%	17.35%
ACGL	36.7B	13.6B	3.49%	28.99%	8.27	2.7	41.83%	201.02%
AFG	10.8B	8.0B	-2.57%	11.52%	12.28	1.36	11.14%	7.56%
MID-CAP
UNM	9.9B	12.6B	-2.35%	17.17%	7.52	0.79	4.24%	-13.40%
AIZ	9.3B	11.1B	-0.68%	35.68%	14.45	0.83	9.21%	132.28%
LNC	5.0B	11.9B	-5.21%	37.41%	3.67	0.41	-33.27%	234.43%
AEL	4.5B	2.8B	-0.20%	45.14%	21.34	1.58	100.59%	-89.04%
SMALL-CAP
BRP	1.7B	1.3B	0.25%	17.87%	-31.85	1.37	18.74%	30.90%
AMSF	911.0M	308.9M	0.21%	-15.21%	14.77	2.95	3.79%	10.94%
AMBC	815.9M	314.0M	13.99%	19.72%	14.19	2.6	-29.20%	-88.19%
AAME	35.9M	186.8M	-18.72%	-19.82%	-209.99	0.19	-0.56%	-111.21%

Root Inc-OH News

Latest updates

Root Inc-OH Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	30.9%	254,900,000	194,800,000	115,300,000	74,800,000	70,100,000	71,300,000	73,700,000	80,400,000	85,400,000	93,200,000	93,800,000	89,800,000	68,600,000	50,900,000	50,500,000	121,400,000	124,000,000	106,500,000	79,600,000	62,700,000	41,400,000
Operating Expenses	20.5%	249,500,000	207,100,000	149,300,000	100,000,000	99,900,000	119,000,000	130,800,000	166,700,000	157,400,000	185,100,000	220,700,000	261,900,000	162,900,000	139,400,000	116,200,000	152,600,000	223,900,000	185,300,000	166,500,000	107,600,000	90,900,000
S&GA Expenses	14.7%	30,400,000	26,500,000	13,100,000	6,100,000	3,600,000	3,200,000	8,100,000	21,400,000	15,300,000	24,700,000	65,400,000	111,700,000	68,400,000	49,600,000	36,900,000	17,400,000	35,800,000	36,000,000	34,400,000	23,200,000	16,000,000
EBITDA Margin	57.3%	-0.08	-0.19	-0.37	-0.51	-0.70	-0.80	-0.93	-1.07	-1.28	-1.40	-1.54	-1.56	-0.91	-0.78	-0.67	-0.68	-0.82	-0.88	-0.30	-0.41	-0.64
Interest Expenses	-0.9%	11,600,000	11,700,000	11,800,000	11,500,000	11,100,000	10,600,000	9,300,000	9,200,000	5,500,000	2,100,000	6,100,000	6,500,000	5,300,000	44,800,000	19,500,000	7,700,000	5,700,000	6,400,000	13,300,000	2,400,000	200,000
Income Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Before Taxes	74.2%	-6,200,000	-24,000,000	-45,800,000	-36,700,000	-40,900,000	-58,300,000	-66,400,000	-95,500,000	-77,500,000	-109,900,000	-133,000,000	-178,600,000	-99,600,000	-133,300,000	-85,200,000	-38,900,000	-105,600,000	-85,200,000	-100,200,000	-47,300,000	-49,700,000
EBT Margin	45.6%	-0.18	-0.32	-0.55	-0.70	-0.88	-0.96	-1.05	-1.18	-1.38	-1.51	-1.80	-1.91	-1.23	-1.05	-0.78	-0.76	-0.91	-0.97	-0.30	-0.41	-0.66
Net Income	74.2%	-6,200,000	-24,000,000	-45,800,000	-36,700,000	-40,900,000	-58,300,000	-66,400,000	-95,500,000	-77,500,000	-109,900,000	-133,000,000	-178,600,000	-99,600,000	-133,300,000	-85,200,000	-38,900,000	-105,600,000	-85,200,000	-100,200,000	-47,300,000	-49,700,000
Net Income Margin	45.6%	-0.18	-0.32	-0.55	-0.70	-0.88	-0.96	-1.05	-1.18	-1.38	-1.51	-1.80	-1.91	-1.23	-1.05	-0.78	-0.76	-0.91	-0.97	-0.30	-0.41	-0.66
Free Cashflow	-69.0%	14,300,000	46,100,000	14,600,000	-10,800,000	-83,700,000	-46,700,000	-59,000,000	-53,700,000	-51,200,000	-41,400,000	-138,600,000	-136,700,000	-91,300,000	-192,500,000	-32,600,000	-16,400,000	-47,500,000	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Assets	6.3%	1,432	1,348	1,240	1,195	1,201	1,313	1,384	1,480	1,563	1,319	1,525	1,588	1,704	1,762	839	729
Cash Equivalents	-5.6%	641	679	635	628	680	763	821	887	936	707	835	974	1,107	1,114	219	417
Liabilities	7.9%	1,155	1,070	951	869	845	924	941	980	983	671	889	826	770	730	849	542
Long Term Debt	0.1%	299	299	298	297	296	295	294	292	291	-	202	197	192	188	220	192
Shareholder's Equity	0%	166	166	177	214	244	277	322	381	468	536	636	762	934	1,031	-	-
Retained Earnings	-0.4%	-1,721	-1,715	-1,691	-1,645	-1,608	-1,567	-1,500	-1,436	-1,346	-1,270	-1,159	-1,026	-847	-748	-614	-385
Additional Paid-In Capital	0.4%	1,890	1,883	1,875	1,866	1,857	1,851	1,838	1,829	1,819	1,806	1,794	1,787	1,781	1,776	40.00	11.00
Shares Outstanding	1.4%	15.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	4.00	2.00	2.00
Float	-	-	-	-	80.00	-	-	-	188	-	-	-	1,205	-	934	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																				(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2018Q4
Cashflow From Operations	-68.5%	14,500	46,100	14,600	-10,600	-83,700	-46,700	-59,000	-53,700	-51,200	-39,100	-137,800	-135,600	-90,900	-192,400	-32,400	-16,200	-46,200	-	-	-
Share Based Compensation	-6.1%	4,600	4,900	4,700	5,200	2,500	8,700	7,800	7,400	6,600	4,600	7,500	4,900	2,300	1,800	800	500	600	-	-	-
Cashflow From Investing	-10560.0%	-52,300	500	-7,000	-40,100	900	-10,900	-3,900	4,500	-6,300	-6,400	700	1,300	81,300	-11,000	-3,800	-4,000	-95,300	-	-	-
Cashflow From Financing	87.5%	-400	-3,200	-300	-600	-	-	-3,000	100	286,200	-82,600	-1,900	1,100	3,100	1,098,400	13,100	-500	-12,500	-	-	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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ROOT Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - UNAUDITED - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Net premiums earned	$ 230.3	$ 60.0
Net investment income	9.2	6.7
Fee income	14.7	3.2
Other income	0.7	0.2
Total revenues	254.9	70.1
Operating expenses:
Loss and loss adjustment expenses	166.4	63.3
Sales and marketing	30.4	3.6
Other insurance expense	24.6	1.3
Technology and development	11.0	10.2
General and administrative	17.1	21.5
Total operating expenses	249.5	99.9
Operating income (loss)	5.4	(29.8)
Interest expense	(11.6)	(11.1)
Loss before income tax expense	(6.2)	(40.9)
Income tax expense	0.0	0.0
Net loss	(6.2)	(40.9)
Other comprehensive (loss) income:
Changes in net unrealized (losses) gains on investments	(0.8)	1.1
Comprehensive loss	$ (7.0)	$ (39.8)
Loss per common share: basic (both Class A and B) (in dollars per share)	$ (0.42)	$ (2.88)
Loss per common share: diluted (both Class A and B) (in dollars per share)	$ (0.42)	$ (2.88)
Weighted-average common shares outstanding: basic (both Class A and B) (in shares)	14.6	14.2
Weighted-average common shares outstanding: diluted (both Class A and B) (in shares)	14.6	14.2

ROOT Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Investments:
Fixed maturities available-for-sale, at fair value (amortized cost: $210.6 and $168.4 at March 31, 2024 and December 31, 2023, respectively)	$ 207.3	$ 165.9
Short-term investments (amortized cost: $8.7 and $0.9 at March 31, 2024 and December 31, 2023, respectively)	8.7	0.9
Other investments	4.4	4.4
Total investments	220.4	171.2
Cash and cash equivalents	640.5	678.7
Restricted cash	1.0	1.0
Premiums receivable, net of allowance of $5.2 and $4.0 at March 31, 2024 and December 31, 2023, respectively	292.0	247.1
Reinsurance recoverable and receivable, net of allowance of $1.8 at March 31, 2024 and December 31, 2023	147.1	125.3
Prepaid reinsurance premiums	50.2	48.2
Other assets	81.1	76.2
Total assets	1,432.3	1,347.7
Liabilities:
Loss and loss adjustment expense reserves	322.0	284.2
Unearned premiums	339.4	283.7
Long-term debt and warrants	299.3	299.0
Reinsurance premiums payable	54.1	54.4
Accounts payable and accrued expenses	40.9	65.6
Other liabilities	98.9	83.1
Total liabilities	1,154.6	1,070.0
Commitments and Contingencies (Note 11)
Redeemable convertible preferred stock, $0.0001 par value, 100.0 shares authorized, 14.1 shares issued and outstanding at March 31, 2024 and December 31, 2023 (redemption value of $126.5)	112.0	112.0
Stockholders’ equity:
Additional paid-in capital	1,890.4	1,883.4
Accumulated other comprehensive loss	(3.3)	(2.5)
Accumulated loss	(1,721.4)	(1,715.2)
Total stockholders’ equity	165.7	165.7
Total liabilities, redeemable convertible preferred stock and stockholders’ equity	1,432.3	1,347.7
Class A Shares
Stockholders’ equity:
Common stock, value	0.0	0.0
Class B Shares
Stockholders’ equity:
Common stock, value	$ 0.0	$ 0.0

About Root Inc-OH

Root, Inc. provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. The company operates a direct-to-consumer model and serves customers primarily through mobile applications, as well as through its website. Its direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies. The company was incorporated in 2015 and is headquartered in Columbus, Ohio.

CEO	Mr. Alexander Edward Timm
WEBSITE	https://joinroot.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	765

Root Inc-OH Frequently Asked Questions

What is the ticker symbol for Root Inc-OH? What does ROOT stand for in stocks?

ROOT is the stock ticker symbol of Root Inc-OH. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Root Inc-OH (ROOT)?

As of Tue May 07 2024, market cap of Root Inc-OH is 919.36 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ROOT stock?

You can check ROOT's fair value in chart for subscribers.

What is the fair value of ROOT stock?

You can check ROOT's fair value in chart for subscribers. The fair value of Root Inc-OH is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Root Inc-OH is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ROOT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Root Inc-OH a good stock to buy?

The fair value guage provides a quick view whether ROOT is over valued or under valued. Whether Root Inc-OH is cheap or expensive depends on the assumptions which impact Root Inc-OH's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ROOT.

What is Root Inc-OH's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, ROOT's PE ratio (Price to Earnings) is -8.16 and Price to Sales (PS) ratio is 1.44. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ROOT PE ratio will change depending on the future growth rate expectations of investors.