Root, Inc. (NASDAQ:ROOT) Given Consensus Rating of "Hold" by Analysts

Root, Inc. (NASDAQ:ROOT - Get Free Report) has received a consensus rating of "Hold" from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $121.60.5 Small Cap Stocks With Explosive Upside PotentialA number of analysts have commented on ROOT shares. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Root in a research report on Friday, November 7th. Zacks Research lowered Root from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 10th. Wall Street Zen raised Root from a "sell" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company set a $75.00 price target on Root and gave the stock an "equal weight" rating in a report on Tuesday. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Root in a research note on Monday, December 29th.Get Our Latest Report on RootHedge Funds Weigh In On Root5 Stocks Set to Soar This SummerA number of institutional investors and hedge funds have recently made changes to their positions in ROOT. State of Alaska Department of Revenue acquired a new stake in shares of Root in the 3rd quarter valued at about $50,000. Russell Investments Group Ltd. grew its stake in Root by 511.7% in the second quarter. Russell Investments Group Ltd. now owns 734 shares of the company's stock valued at $94,000 after acquiring an additional 614 shares during the period. Ameritas Investment Partners Inc. grew its stake in Root by 28.5% in the second quarter. Ameritas Investment Partners Inc. now owns 1,087 shares of the company's stock valued at $139,000 after acquiring an additional 241 shares during the period. Advisory Services Network LLC bought a new stake in shares of Root during the third quarter valued at approximately $144,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Root by 237.2% during the second quarter. Tower Research Capital LLC TRC now owns 1,278 shares of the company's stock worth $164,000 after purchasing an additional 899 shares during the period. Institutional investors own 59.82% of the company's stock. Root Stock PerformanceShares of ROOT stock opened at $74.26 on Wednesday. The stock has a market capitalization of $1.15 billion, a PE ratio of 22.44 and a beta of 2.70. The business's 50 day simple moving average is $78.05 and its 200 day simple moving average is $91.37. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.23 and a quick ratio of 1.23. Root has a one year low of $68.08 and a one year high of $181.14. 5 Small-Cap Stocks to Watch for Big Speculative GainsRoot (NASDAQ:ROOT - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.43) by $0.08. Root had a net margin of 3.80% and a return on equity of 23.36%. The firm had revenue of $387.80 million for the quarter, compared to the consensus estimate of $363.06 million. During the same quarter in the previous year, the company earned $1.35 EPS. The company's revenue for the quarter was up 26.9% on a year-over-year basis. As a group, research analysts forecast that Root will post -0.08 earnings per share for the current year. About Root (Get Free Report)Root, trading on the Nasdaq under the ticker ROOT, is a Columbus, Ohio–based insurance company that leverages mobile technology and data analytics to offer personalized auto insurance policies. Founded in 2015 by Alex Timm and Dan Manges, Root set out to transform traditional underwriting by focusing on individual driving behavior rather than broad demographic factors. The company's core product is usage-based auto insurance, delivered through a smartphone app that monitors driving patterns such as speed, braking and phone usage behind the wheel.Featured ArticlesFive stocks we like better than Root“Ominous day” coming to stocks…Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyPunch these codes into your ordinary brokerage accountThe Crash Has Already Started (Most Just Don’t See It Yet)Trump just signed itThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Root Right Now?Before you consider Root, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Root wasn't on the list.While Root currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here