Root (NASDAQ:ROOT) Rating Increased to Hold at Wall Street Zen
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Wall Street Zen upgraded Root (NASDAQ:ROOT) from a "sell" to a "hold" rating. Other analysts have mixed views, with Weiss Ratings maintaining a "sell (d+)" and Wells Fargo raising the price target from $89 to $96. Root's stock has an average rating of "hold" and a consensus price target of $125.80. The company reported a quarterly EPS of ($0.35), beating estimates, with revenue up 26.9% year-over-year. Institutional investors own 59.82% of Root's stock, which focuses on usage-based auto insurance through a mobile app.
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