Root, Inc. provides insurance products and services in the United States. The company offers auto, 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. The company was incorporated in 2015 and is headquartered in Columbus, Ohio.
IPO Year: 2020
Exchange: NASDAQ
Website: joinroot.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/22/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
3/1/2024 | $10.00 → $40.00 | Hold → Buy | Jefferies |
2/26/2024 | $10.00 → $22.00 | Mkt Perform → Outperform | Keefe Bruyette |
2/22/2024 | $9.00 → $13.00 | Neutral → Overweight | Cantor Fitzgerald |
1/10/2024 | Market Perform | TD Cowen | |
3/3/2022 | $7.00 → $2.06 | Equal-Weight | Morgan Stanley |
2/28/2022 | $6.00 → $2.00 | Neutral | UBS |
2/28/2022 | $3.00 → $1.50 | Underweight | Barclays |
1/4/2022 | $6.00 → $5.00 | Equal-Weight | Wells Fargo |
11/19/2021 | $5.50 | Hold | Jefferies |
4 - Root, Inc. (0001788882) (Issuer)
4 - Root, Inc. (0001788882) (Issuer)
4 - Root, Inc. (0001788882) (Issuer)
4 - Root, Inc. (0001788882) (Issuer)
4 - Root, Inc. (0001788882) (Issuer)
4 - Root, Inc. (0001788882) (Issuer)
4 - Root, Inc. (0001788882) (Issuer)
4 - Root, Inc. (0001788882) (Issuer)
4 - Root, Inc. (0001788882) (Issuer)
4 - Root, Inc. (0001788882) (Issuer)
4 - Root, Inc. (0001788882) (Issuer)
8-K - Root, Inc. (0001788882) (Filer)
144 - Root, Inc. (0001788882) (Subject)
144 - Root, Inc. (0001788882) (Subject)
144 - Root, Inc. (0001788882) (Subject)
144 - Root, Inc. (0001788882) (Subject)
10-Q - Root, Inc. (0001788882) (Filer)
8-K - Root, Inc. (0001788882) (Filer)
10-Q - Root, Inc. (0001788882) (Filer)
8-K - Root, Inc. (0001788882) (Filer)
144 - Root, Inc. (0001788882) (Subject)
COLUMBUS, Ohio, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance Company, is excited to announce its presence at the National Automobile Dealers Association (NADA) Show in New Orleans, Louisiana, from January 23 to January 26, 2025. As the largest auto insurtech in the country, Root is revolutionizing the car insurance industry by using data-driven insights and mobile technology to offer fair and personalized pricing based primarily on driving behavior. At the NADA Show, Root will engage with automotive leaders, dealers, and partners to showcase its advanced solutions that create
COLUMBUS, Ohio, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, today announced that the Company will participate in the 27th Annual ICR Conference taking place January 13 - 15, 2025 in Orlando, Florida. Alex Timm, Co-Founder and CEO, will participate in a fireside chat on Monday, January 13, 2025 at 10:30 a.m. ET. A live webcast of the fireside chat will be available in the Events section of Root's Investor Relations website. A replay will be available for a limited time following the presentation. The ICR Conference brings together public and private company leaders, institut
COLUMBUS, Ohio, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), a leading technology company powering insurance solutions and the parent company of Root Property & Casualty Insurance Company, has announced the availability of Root Insurance in Minnesota. The insurer now serves drivers in 35 states, extending its innovative approach to auto insurance to over 4 million registered drivers in Minnesota and covering more than 77% of the U.S. population. Root was founded on the idea that car insurance rates should be based primarily on driving behaviors, not demographics. By leveraging advanced, mobile-first technology and data science, Root delivers a personalized, seamless, and fa
COLUMBUS, Ohio, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today. Root's third quarter financial results and management commentary can be found by accessing the shareholder letter posted to the company's investor relations website. An updated version of the company's investor presentation will also be available. Both can be found on ir.joinroot.com. Root will host a conference call and earnings webcast to discuss the results and provide an update on company operations today, Wednesday, October 30, at 5:00 p.m. Eastern Time. To listen to the live audio webcast, please visit the News &
COLUMBUS, Ohio, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, today announced the successful refinancing of its term loan facility with funds and accounts managed by BlackRock Capital Investment Advisors, LLC and its affiliates (collectively, "BlackRock"). These improved terms in the long-standing relationship enhance Root's financial flexibility and significantly improve its cost of capital. The amended facility consists of a six-year term loan with a principal amount of $200 million, reducing the previous facility by $100 million. The amended facility, effective on October 29th, will carry an interest rate of 3-month term SOFR
COLUMBUS, Ohio, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the third quarter on Wednesday, October 30, 2024 at 5:00 p.m. Eastern Time. The company plans to release third quarter results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, October 30, 2024. Webcast and Conference Call Details: Date: October 30, 2024Time: 5:00 p.m. Eastern TimeParticipant Toll-Free Dial-In Number: 1 (877) 269-7751Participant Toll Dial-In Number: 1 (201) 389-0908 Webcast: https://ir.join
PALO ALTO, Calif., Sept. 5, 2024 /PRNewswire/ -- First Connect Insurance Services, a digital platform designed to support independent agents by providing access to the nation's top carriers, today announced it is partnering with Root Insurance to offer API-powered quote and bind capabilities to independent insurance agents. Root Insurance is a subsidiary of Root, Inc. (NASDAQ:ROOT), a leading technology company powering insurance solutions. The new interface streamlines access to Root's standard and preferred auto insurance for agents in California, and the companies plan to
Root's innovative offering integrated with Goosehead's proprietary, Quote to Issue (QTI) platform, reduces the time for agents to sell policies by more than 50% through deep integration, eliminating the need to bridge to separate systems.This technology integration is unique to the Goosehead-Root relationship, positioning Goosehead agents to sell Root's insurance products faster and more efficiently than their competitors. This advantage allows Goosehead to fulfill its promise of delivering the right coverage at the best price for clients. COLUMBUS, Ohio and WESTLAKE, Texas, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), a leading technology company powering insurance solutio
COLUMBUS, Ohio, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today. Root's second quarter financial results and management commentary can be found by accessing the shareholder letter posted to the company's investor relations website. An updated version of the company's investor presentation will also be available. Both can be found on ir.joinroot.com. Root will host a conference call and earnings webcast to discuss the results and provide an update on company operations today, Wednesday, August 7, at 5:00 p.m. Eastern Time. To listen to the live audio webcast, please visit the News &
COLUMBUS, Ohio, July 16, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the second quarter on Wednesday, August 7, 2024 at 5:00 p.m. Eastern Time. The company plans to release second quarter results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, August 7, 2024. Webcast and Conference Call Details: Date: August 7, 2024Time: 5:00 p.m. Eastern TimeParticipant Toll-Free Dial-In Number: 1 (877) 269-7751Participant Toll Dial-In Number: 1 (201) 389-0908 Webcast: https://ir.joinroot
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COLUMBUS, Ohio, May 30, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, is proud to have Marcus Armstrong, the 2023 NTT INDYCAR SERIES Rookie of the Year, representing Root at the Detroit Grand Prix race this weekend, May 31 - June 2. Root will be the primary partner for Armstrong's No. 11 Honda as he continues to make impressive moves on the track this season. Armstrong sported the Root Honda at the Children's of Alabama Indy Grand Prix at Barber Motorsports Park on April 28th where he reached the Fast Six in qualifying for the first time in his career and finished 9th in the race, furt
COLUMBUS, Ohio, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance Company, announced today the appointment of Donna Dorsey, Executive Vice President and Chief People & Culture Officer of Navistar Inc. ("Navistar"), to Root's board of directors. Dorsey joins Root's board with nearly 30 years of experience leading human resources strategy and operational effectiveness. Before her role as Executive Vice President and Chief People & Culture Officer, Dorsey held senior leadership roles at Navistar, most recently leading human resource strategy for all business operations. She works cl
Seasoned Industry Executive Brings 20-Year Track Record of Building Businesses and Fostering Growth at Numerous High-Performing Organizations Global Critical Logistics ("GCL"), a leading provider of mission-critical freight forwarding and global logistics to specialty sectors, and a portfolio company of ATL Partners, today announced Daniel Rosenthal has been named President and Chief Executive Officer, effective April 24, 2023. Mr. Rosenthal has founded or led high-performing businesses in multiple industries over the last two decades. Most recently, Mr. Rosenthal served as Chief Revenue & Operating Officer ("CRO & COO") of Root, Inc. (NASDAQ:ROOT), a technology-based provider of auto i
COLUMBUS, Ohio, July 05, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, announced today the appointment of Julie Szudarek, CEO of Atida, to Root's board of directors, effective July 1. Szudarek joins Root's board with more than 25 years of experience driving ecommerce and technology-enabled businesses to reach their full market potential. Before joining Atida, Szudarek held senior leadership roles at Groupon. In her most recent role, she ran Groupon's international division, a $1.5B revenue business responsible for sustained growth across 12 countries. She led a team of 1500+ across sal
COLUMBUS, Ohio, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, announced today the appointment of Beth Birnbaum, former chief operating officer at PlayFab, to Root's board of directors, effective March 1, 2022. Birnbaum joins Root's board with more than 20 years of experience leading the successful development, launch, and scale of consumer technology products. Her experience spans product, business operations, sales, marketing, and strategy at high-growth technology companies such as GrubHub, where she served as senior vice president of product during the company's growth from
COLUMBUS, Ohio, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today. Root's third quarter financial results and management commentary can be found by accessing the shareholder letter posted to the company's investor relations website. An updated version of the company's investor presentation will also be available. Both can be found on ir.joinroot.com. Root will host a conference call and earnings webcast to discuss the results and provide an update on company operations today, Wednesday, October 30, at 5:00 p.m. Eastern Time. To listen to the live audio webcast, please visit the News &
COLUMBUS, Ohio, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the third quarter on Wednesday, October 30, 2024 at 5:00 p.m. Eastern Time. The company plans to release third quarter results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, October 30, 2024. Webcast and Conference Call Details: Date: October 30, 2024Time: 5:00 p.m. Eastern TimeParticipant Toll-Free Dial-In Number: 1 (877) 269-7751Participant Toll Dial-In Number: 1 (201) 389-0908 Webcast: https://ir.join
COLUMBUS, Ohio, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today. Root's second quarter financial results and management commentary can be found by accessing the shareholder letter posted to the company's investor relations website. An updated version of the company's investor presentation will also be available. Both can be found on ir.joinroot.com. Root will host a conference call and earnings webcast to discuss the results and provide an update on company operations today, Wednesday, August 7, at 5:00 p.m. Eastern Time. To listen to the live audio webcast, please visit the News &
COLUMBUS, Ohio, July 16, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the second quarter on Wednesday, August 7, 2024 at 5:00 p.m. Eastern Time. The company plans to release second quarter results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, August 7, 2024. Webcast and Conference Call Details: Date: August 7, 2024Time: 5:00 p.m. Eastern TimeParticipant Toll-Free Dial-In Number: 1 (877) 269-7751Participant Toll Dial-In Number: 1 (201) 389-0908 Webcast: https://ir.joinroot
COLUMBUS, Ohio, April 30, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today. Root's first quarter financial results and management commentary can be found by accessing the shareholder letter posted to the company's investor relations website. An updated version of the company's investor presentation will also be available. Both can be found on ir.joinroot.com. Root will host a conference call and earnings webcast to discuss the results and provide an update on company operations today, Tuesday, April 30, at 5:00 p.m. Eastern Time. To listen to the live audio webcast, please visit the News &
COLUMBUS, Ohio, April 10, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the first quarter on Tuesday, April 30, 2024 at 5:00 p.m. Eastern Time. The company plans to release first quarter results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Tuesday, April 30, 2024. Webcast and Conference Call Details: Date: April 30, 2024Time: 5:00 p.m. Eastern TimeParticipant Toll-Free Dial-In Number: 1 (888) 660-6392Participant Toll Dial-In Number: 1 (929) 203-0899 Conference ID: 3641459Webcast: https:/
COLUMBUS, Ohio, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, today announced financial results for the quarter and year end December 31, 2023. Root's fourth quarter and full year financial results and management commentary can be found by accessing the shareholder letter posted to the company's investor relations website at ir.joinroot.com. Root will host a conference call and earnings webcast to discuss the results and provide an update on company operations this evening, Wednesday, February 21, at 5:00 p.m. Eastern Time. To listen to the live audio webcast, please visit the News & Events section of Root's Investor Relations we
COLUMBUS, Ohio, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the fourth quarter and full year 2023 on Wednesday, February 21, 2024 at 5:00 p.m. Eastern Time. The company plans to release fourth quarter and full year results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, February 21, 2024. Webcast and Conference Call Details: Date: February 21, 2024Time: 5:00 p.m. Eastern TimeParticipant Toll-Free Dial-In Number: 1 (888) 660-6392Participant Toll Dial-In Numbe
COLUMBUS, Ohio, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today. Root's third quarter financial results and management commentary can be found by accessing the shareholder letter posted to the company's investor relations website at ir.joinroot.com. Root will host a conference call and earnings webcast to discuss the results and provide an update on company operations tomorrow, Thursday, November 2, at 8:00 a.m. Eastern Time. To listen to the live audio webcast, please visit the News & Events section of Root's Investor Relations website at ir.joinroot.com. Webcast and Conferenc
COLUMBUS, Ohio, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the third quarter on Thursday, November 2, 2023 at 8:00 a.m. Eastern Time. The company plans to release third quarter results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, November 1, 2023. Webcast and Conference Call Details: Date: November 2, 2023Time: 8:00 a.m. Eastern TimeParticipant Toll-Free Dial-In Number: 1 (888) 660-6392Participant Toll Dial-In Number: 1 (929) 203-0899 Conference ID: 3641459Webcast:
JMP Securities downgraded Root, Inc. from Mkt Outperform to Mkt Perform
Jefferies upgraded Root, Inc. from Hold to Buy and set a new price target of $40.00 from $10.00 previously
Keefe Bruyette upgraded Root, Inc. from Mkt Perform to Outperform and set a new price target of $22.00 from $10.00 previously
Cantor Fitzgerald upgraded Root, Inc. from Neutral to Overweight and set a new price target of $13.00 from $9.00 previously
TD Cowen initiated coverage of Root, Inc. with a rating of Market Perform
Morgan Stanley reiterated coverage of Root with a rating of Equal-Weight and set a new price target of $2.07 from $7.00 previously
UBS reiterated coverage of Root with a rating of Neutral and set a new price target of $2.00 from $6.00 previously
Barclays reiterated coverage of Root with a rating of Underweight and set a new price target of $1.50 from $3.00 previously
Wells Fargo reiterated coverage of Root with a rating of Equal-Weight and set a new price target of $5.00 from $6.00 previously
Jefferies initiated coverage of Root with a rating of Hold and set a new price target of $5.50