For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Root, Inc. (ROOT) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Root, Inc. is one of 862 companies in the Finance group. The Finance group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the g ...

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of t ...

For further information on Root, please visit root.com. Contacts: Media: press@joinroot.com Investor Relations: ir@joinroot.com 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 a ...

Webcast and Conference Call Details: A replay of the webcast will be made available for on-demand viewing after the call on the Investor Relations page of the Company's website at ir.joinroot.com. For further information on Root, please visit root.com. Investor Relations: ir@joinroot.com 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 quart ...

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 ...

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. "We are incredibly proud to see Marcus driving the No. 11 Root Honda at Mid-Ohio," said Jason Shapiro, SVP of Business Development at Root. "His outstanding performance this season, particularly his podium finish in Detroit, exemplifies the same drive and determination that Root embodies. We're excited to cheer him on in our home state." Ab ...

Company Overview - Root, Inc. is a technology company based in Columbus, Ohio, founded in 2015, and is the parent company of Root Insurance Company [3] - The company aims to revolutionize insurance through data science and technology, providing consumers with a personalized, easy, and fair experience [3] - The Root app has achieved over 13 million downloads and has collected more than 26 billion miles of driving data to inform its insurance offerings [3] Upcoming Event - Alex Timm, Co-Founder and CEO of Root, Inc., will participate in a virtual fireside chat at the TD Financial Services & Fintech Summit on June 7, 2024, at 2:30 p.m. ET [1] - Registration for the fireside chat will be available on Root's Investor Relations website, and a replay of the webcast will be accessible for a limited time after the presentation [2]

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 Chil ...

Company Overview - Root, Inc. currently holds a Momentum Style Score of B, indicating potential for strong performance in the momentum investing strategy [3][11] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned favorably in the market [4][11] Price Performance - Over the past week, Root's shares have increased by 13.45%, significantly outperforming the Zacks Insurance - Property and Casualty industry, which rose by 2.04% [6] - In a longer time frame, Root's shares have shown a monthly price change of 14.24%, compared to the industry's 3.88% [6] - Over the past quarter, Root's shares have surged by 607.84%, and over the last year, they have gained an impressive 1197.46%, while the S&P 500 has only moved 5.91% and 30.04% respectively [7] Trading Volume - Root's average 20-day trading volume is 638,025 shares, which serves as a useful indicator for assessing price movements and market interest [8] Earnings Outlook - In the past two months, one earnings estimate for Root has moved higher, while none have moved lower, resulting in an increase in the consensus estimate from -$7.87 to -$6.59 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10]

Core Viewpoint - Root, Inc. (ROOT) is showing potential for a bullish trend as it has recently surpassed the 20-day moving average and reached a key support level, indicating a favorable technical outlook for short-term traders [1][3]. Technical Analysis - ROOT has recently moved above the 20-day moving average, which is a positive signal indicating a short-term bullish trend [1][2]. - The 20-day moving average smooths out price fluctuations and provides more reliable trend reversal signals compared to longer-term moving averages [1]. Performance Metrics - Over the last four weeks, ROOT's stock price has increased by 14.2%, suggesting a strong upward momentum [3]. - The company currently holds a Zacks Rank of 2 (Buy), indicating positive market sentiment [3]. Earnings Estimates - There has been one upward revision in earnings estimates for the current fiscal year, with no downward revisions, which supports the bullish outlook for ROOT [3][4]. - The consensus earnings estimate has also increased, further reinforcing investor confidence in the stock's potential for gains [3][4].