Root, Inc. (NASDAQ:ROOT – Get Rating) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $4.60.
A number of equities analysts have weighed in on ROOT shares. Jefferies Financial Group decreased their price target on Root from $2.00 to $1.25 and set a “hold” rating for the company in a report on Tuesday, July 12th. Credit Suisse Group lowered their price objective on Root to $1.80 in a research note on Friday, July 22nd.
Root Stock Up 4.5 %
ROOT opened at $1.38 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.09 and a quick ratio of 2.09. Root has a 12 month low of $0.94 and a 12 month high of $8.40. The stock has a market capitalization of $351.21 million, a price-to-earnings ratio of -0.69 and a beta of -0.18. The business has a 50-day moving average of $1.21 and a two-hundred day moving average of $1.56.
Institutional Investors Weigh In On Root
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.
- Get a free copy of the StockNews.com research report on Root (ROOT)
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