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

COLUMBUS, Ohio, July 01, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, is excited to mark a significant home state NTT INDYCAR SERIES race for the company on July 7th at the Mid-Ohio Sports Car Course in Lexington, Ohio. In celebration of the event, Root and Chip Ganassi Racing will unveil a special livery for the race and fans will have a chance to win a signed gift from driver Marcus Armstrong. During the race weekend, Root is hosting members of the Ohio American Legion, 12th District Council in recognition of their service and in honor of the July 4th holiday. Driver Marcus Arm

COLUMBUS, Ohio, June 04, 2024 (GLOBE NEWSWIRE) --  Root, Inc. (NASDAQ:ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, announced today that Alex Timm, Co-Founder and CEO, will participate in a virtual fireside chat moderated by Andrew Kligerman at the TD Financial Services & Fintech Summit on Friday, June 7, 2024 at 2:30 p.m. ET. The link to register for the fireside chat will be available on Root's Investor Relations website, and a replay of the webcast will be available for a limited time after the presentation concludes. About Root, Inc.Founded in 2015 and based in Columbus, Ohio, Root, Inc. (NASDAQ:ROOT) is the parent company

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

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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:

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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

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

GeneDx Holdings Corp. (NASDAQ:WGS) has made the biggest gains on the Russell 2000 Index in 2024 as the biotechnology company moves toward more comprehensive genetic testing. The Maryland-based company’s shares have soared 1,101% so far this year as of midday Thursday, according to Tradingview. Goldman Sachs analyst Matthew Sykes attributes much of GeneDX’s positive momentum to shifting its testing. The company went from panel-based tests, which look for variants in more than one gene, to exome/genome testing, which analyzes the bulk of a person’s DNA to find genetic variations. Also Read: GeneDx Stock Climbs After Better-Than-Expected Q1 Results, Raises FY24 Guidance “We remain o

U.S. stocks were higher, with the Dow Jones index gaining around 150 points on Thursday. Shares of Cintas Corporation (NASDAQ:CTAS) rose during Thursday's session after the company reported better-than-expected quarterly EPS and revenues. Cintas reported fourth-quarter earnings per share of $3.99, beating the street view of $3.80. The company registered quarterly revenues of $2.471 billion, beating the street view of $2.468 billion, according to data from Benzinga Pro. Cintas shares gained 5.3% to $758.25 on Thursday. Here are some other big stocks recording gains in today’s session. Chuy’s Holdings, Inc. (NASDAQ:CHUY) shares gained 47.6% to $37.29 after the company and Darde

As of July 15, 2024, five stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Root Inc (NASDAQ:ROOT) On June 5, TD Cowen analyst Andrew Kligerman maintained Root with a Ho

7 analysts have shared their evaluations of Root (NASDAQ:ROOT) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 3 2 0 0 3M Ago 0 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $64.0, along with a high estimate of $90.00

TD Cowen analyst Andrew Kligerman maintains Root (NASDAQ:ROOT) with a Hold and raises the price target from $11 to $51.

Root's (NYSE:ROOT) short percent of float has fallen 13.92% since its last report. The company recently reported that it has 1.12 million shares sold short, which is 11.87% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.4 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impo

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Financials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume HOOD CALL TRADE NEUTRAL 01/17/25 $25.00 $65.6K 54.9K 1.7K RITM CALL TRADE BEARISH 01/1

Root's (NYSE:ROOT) short percent of float has fallen 7.25% since its last report. The company recently reported that it has 1.26 million shares sold short, which is 13.3% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is import

Root (NASDAQ:ROOT) underwent analysis by 11 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 6 4 0 0 Last 30D 0 1 0 0 0 1M Ago 0 3 2 0 0 2M Ago 0 0 0 0 0 3M Ago 1 2 2 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $45.09, a high estimate of $90.00, and a low estimate of $12.00. This current

Keefe, Bruyette & Woods analyst Thomas McJoynt-Griffith reiterates Root (NASDAQ:ROOT) with a Outperform and raises the price target from $70 to $80.