1 week Ago By ABMN Staff
Root ( NASDAQ:ROOT – Get Free Report ) had its price objective upped by research analysts at Jefferies Financial Group from $115.00 to $150.00 in a report released on Friday, Benzinga reports.
The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 25.00% from the stock’s previous close.
Several other equities analysts have also recently issued reports on ROOT. Wells Fargo & Company boosted their target price on Root from $97.00 to $105.
00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group lifted their price target on Root from $67.00 to $130.
00 and gave the stock a “neutral” rating in a research note on Friday, March 7th. Finally, Scotiabank restated a “sector perform” rating on shares of Root in a research report on Sunday, March 2nd. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, Root has a consensus rating of “Hold” and an average price target of $102.67.
View Our Latest Report on Root Root Trading Up 1.1 % Root ( NASDAQ:ROOT – Get Free Report ) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.
30 earnings per share for the quarter, beating the consensus estimate of ($0.63) by $1.93.
Root had a negative return on equity of 9.81% and a negative net margin of 1.56%.
The business had revenue of $326.70 million during the quarter, compared to the consensus estimate of $287.79 million.
As a group, equities research analysts expect that Root will post -0.08 EPS for the current fiscal year. Insider Transactions at Root In other Root news, CEO Alexander E.
Timm sold 1,144 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $134.01, for a total value of $153,307.
44. Following the transaction, the chief executive officer now directly owns 161,625 shares of the company’s stock, valued at $21,659,366.25.
This represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website .
Also, insider Mahtiyar Bonakdarpour sold 5,515 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $124.78, for a total transaction of $688,161.
70. Following the transaction, the insider now directly owns 286,901 shares of the company’s stock, valued at approximately $35,799,506.78.
This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold a total of 8,659 shares of company stock worth $1,191,469 in the last three months. 11.71% of the stock is currently owned by company insiders.
Institutional Trading of Root Hedge funds and other institutional investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc.
bought a new position in Root in the fourth quarter worth about $29,661,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Root by 163.
2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 127,923 shares of the company’s stock valued at $9,286,000 after acquiring an additional 79,317 shares during the period.
Renaissance Technologies LLC lifted its holdings in Root by 41.8% in the 4th quarter. Renaissance Technologies LLC now owns 263,515 shares of the company’s stock valued at $19,129,000 after acquiring an additional 77,699 shares during the last quarter.
Vanguard Group Inc. increased its holdings in shares of Root by 16.2% in the fourth quarter.
Vanguard Group Inc. now owns 526,928 shares of the company’s stock valued at $38,250,000 after buying an additional 73,413 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Root in the 4th quarter valued at $3,834,000.
59.82% of the stock is owned by institutional investors. Root Company Profile ( Get Free Report ) Root, Inc provides insurance products and services in the United States.
The company offers automobile, homeowners, and renters insurance products. It operates a direct-to-consumer model; and serves customers primarily through mobile applications, as well as through its website. The company's direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies.
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