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, institutional investors, sell-side analysts, investment bankers, private equity professionals, and select media to discuss consumer trends a ...

Shares of Root (ROOT 2.83%) sank 27.3% in December, according to data from S&P Global Market Intelligence. The insurance technology (insurtech) upstart saw a pullback after gaining over 100% after fantastic third-quarter (Q3) earnings at the end of October. As a volatile stock, Root is still up over 500% in the last 12 months after it made a miraculous growth and profit turnaround in 2024. Thought to be close to bankruptcy, Root stock is still down 85% from all-time highs set close to when it went public in ...

Fast, fair, affordable auto insurance now available to more than 4 million MinnesotansCOLUMBUS, 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 coverin ...

Shares of ROOT (ROOT) have rallied 627% year to date, zooming past the industry’s increase of 28.6%, the Finance sector’s rise of 22.3% and the Zacks S&P 500 composite’s gain of 28.6% in the same time frame. Being the largest auto insurtech in the United States and delivering one of the best loss ratios in the industry, ROOT is poised to gain from opportunities offered by more than $300 billion market in which it operates. This company has a market capitalization of $1.2 billion. The average volume of share ...

Shares of Root, Inc. (ROOT) have been struggling lately and have lost 5.5% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earning ...

My articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don't do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand the fundamentals of businesses and buy their shares at attractive prices. From May 2022 to May 2023, I worked as an investment advisory representative at Fidelity Investments. I am now self-employed through other ventures.Part of my technique is to write an articl ...

Shares of insurance name Root (ROOT) are trading at roughly three-year highs, on track for their best session on record after a surprise third-quarter earnings beat. While ROOT is outperforming, peers Lemonade Inc (NYSE:LMND), Prudential Financial Inc (NYSE:PRU), and Aflac Inc (NYSE:AFL) are all scattered this afternoon after their own reports.Lemonade stock was last seen 26.2% higher at $23.64, and earlier surged to its highest level since September 2022. One of the best stocks on the New York Stock Exchan ...

Shares of Root Inc (NASDAQ:ROOT) are skyrocketing to nearly three-year highs, after the auto insurance name posted surprise third-quarter profits of $1.35 per share. Analysts expected a loss of 87 cents per share to match last year's results, while revenue beat estimates as well. Per CEO Alex Timm, the company "performed well beyond outside expectations."ROOT was last seen up 156% at $103.67, earlier trading as high as $105.50, and on track for its largest single-day percentage gain ever. The stock soared a ...

Root, Inc. (NASDAQ:ROOT) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Matt LaMalva - Head, Investor Relations Alex Timm - Co-Founder & Chief Executive Officer Megan Binkley - Chief Financial Officer Conference Call Participants Tommy McJoynt - KBW Yaron Kinar - Jefferies Operator Ladies and gentlemen greetings and welcome to the Root Inc. 3Q 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will ...

Root, Inc. (ROOT) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of a loss of $0.61 per share. This compares to loss of $3.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 321.31%. A quarter ago, it was expected that this company would post a loss of $1.74 per share when it actually produced a loss of $0.52, delivering a surprise of 70.11%. Over the last four quarters, the company ...