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Root's Super Bowl Survey: Nearly Half of Football Fans Watched Games While Driving this Season
Newsfilter· 2025-02-05 14:25
COLUMBUS, Ohio, Feb. 05, 2025 (GLOBE NEWSWIRE) -- A national survey of football fans found that nearly 44% shockingly admitted to live-streaming games while driving, not letting safety stop them from watching. The new research from Root, Inc. (NASDAQ:ROOT), a leading technology company powering car insurance solutions and the parent company of Root Insurance Company, revealed this alarming trend ahead of Super Bowl LIX. As NFL viewership continues to rise across all streaming platforms, these "Frontseat Fan ...
Root's Super Bowl Survey: Nearly Half of Football Fans Watched Games While Driving this Season
GlobeNewswire News Room· 2025-02-05 14:25
COLUMBUS, Ohio, Feb. 05, 2025 (GLOBE NEWSWIRE) -- A national survey of football fans found that nearly 44% shockingly admitted to live-streaming games while driving, not letting safety stop them from watching. The new research from Root, Inc. (NASDAQ: ROOT), a leading technology company powering car insurance solutions and the parent company of Root Insurance Company, revealed this alarming trend ahead of Super Bowl LIX. As NFL viewership continues to rise across all streaming platforms, these “Frontseat Fa ...
Root, Inc. (ROOT) Just Overtook the 50-Day Moving Average
ZACKS· 2025-01-24 15:30
Root, Inc. (ROOT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ROOT broke through the 50-day moving average, which suggests a short-term bullish trend.One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or down ...
Root, Inc. Schedules Conference Call to Discuss 2024 Fourth Quarter and Full Year Financial Results
Globenewswire· 2025-01-22 21:05
Earnings Call and Webcast Details - Root Inc plans to host a conference call on February 26 2025 at 5:00 pm Eastern Time to discuss Q4 and full-year 2024 financial results and provide updates on company operations [1] - The financial results will be released on the company's investor relations website after the market closes on February 26 2025 [1] - The webcast will be available for on-demand viewing on the Investor Relations page after the call [2] Company Overview - Root Inc founded in 2015 and based in Columbus Ohio is the parent company of Root Insurance Company [3] - The company leverages data science and technology to provide personalized easy and fair insurance experiences [3] - Root's app has over 14 million downloads and has collected nearly 30 billion miles of driving data to inform its insurance offerings [3] Contact Information - Media inquiries can be directed to press@joinrootcom [4] - Investor relations inquiries can be directed to ir@joinrootcom [4]
Root Insurance to Host Current and Future Partners at National Automobile Dealers Association Show in New Orleans
Newsfilter· 2025-01-13 14:00
Company Overview - Root Inc is a leading technology company powering insurance solutions and the parent company of Root Insurance Company and Root Property & Casualty Insurance Company [1][5] - Founded in 2015 and based in Columbus Ohio Root is revolutionizing insurance through data science and technology to provide consumers a personalized easy and fair experience [5] - The Root app has more than 14 million app downloads and has collected nearly 30 billion miles of driving data to inform their insurance offerings [5] Industry Presence - Root is the largest auto insurtech in the country revolutionizing the car insurance industry by using data-driven insights and mobile technology to offer fair and personalized pricing based primarily on driving behavior [2] - Root will participate in the National Automobile Dealers Association (NADA) Show in New Orleans Louisiana from January 23 to January 26 2025 to engage with automotive leaders dealers and partners [1][2] - The NADA Show is the premier event for the automotive industry bringing together thousands of dealers manufacturers and industry leaders to explore the latest innovations and trends [4] Business Development - Root's mission to transform car insurance aligns with the needs of many businesses in the automotive space who are seeking innovative customer-focused solutions that enhance both the buying experience and long-term customer satisfaction [3] - Visitors who engage with Root's Business Development team during the NADA Show will have the opportunity to explore Root's innovative technology-driven solutions that deliver fair and transparent behavior-based pricing [9] - Root's customizable and scalable offerings empower partners to enhance customer experiences and meet evolving needs [9] Partnerships - Root's participation in the NADA Show underscores its dedication to forging meaningful partnerships and driving innovation in the auto insurance space [4] - Root offers partnership opportunities to seamlessly integrate its insurance offerings into partners' platforms [9] - To schedule a meeting with Root at the NADA Show or learn more about the company's partner offerings visit joinrootcom/partnerships or contact partnerships@rootcom [4]
Root Inc.: A Turn Around That Still Has Upside
Seeking Alpha· 2025-01-09 16:31
Root Inc. (NASDAQ: ROOT ) is a startup founded in 2015 by Alex Timm and Dan Manges . It was founded on a novel idea at the time: Charging insurance premiums solely based on the customer's driving behavior. Although these daysHi my name is Alex and I like investing in stocks. I will always be honest and upfront about my position sizing. I like researching stocks and investing. My goal is to provide deep and easy to understand analysis on various businesses. Before investing in stocks I used to invest in real ...
Root, Inc. to Participate in the 27th Annual ICR Conference
Globenewswire· 2025-01-08 21:05
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 Roo ...
Why Shares of Root Stock Sank in December
The Motley Fool· 2025-01-06 23:01
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 ...
Root Insurance Expands to Minnesota, Offering Personalized, Driver-Based Rates
Globenewswire· 2024-12-17 13:45
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 ...
ROOT Stock Skyrockets 627% YTD: Time to Buy Despite Premium Valuation?
ZACKS· 2024-12-13 17:21
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 ...