Financial Analyst Maintains Hold Rating for Root with Decreased Price Target

Financial Analyst Maintains Hold Rating for Root with Decreased Price Target

On April 10, 2023, financial analyst Yaron Kinar from Jefferies maintained Root‘s (NASDAQ:ROOT) “hold” rating but decreased the price target from $4.5 to $4. This indicates that Jefferies does not consider Root’s stock as a strong buy or sell at present, and it is expected to perform in line with the market. The lowered price target implies that Jefferies anticipates a decrease in Root’s stock price from its current level. However, it is crucial to bear in mind that this is solely the opinion of one analyst, and other analysts may have different perspectives on Root’s stock. As a result, investors should seek multiple sources of information before making any investment decisions.

ROOT Stock Analysis: Small-Cap Company Shows Impressive Earnings Growth but Negative Revenue Growth

On April 10, 2023, ROOT stock opened at 4.32 and fluctuated throughout the day within a range of 4.23 to 4.38. With a volume of only 567, the trading activity was relatively low compared to the average volume of 163,253 over the last three months. ROOT’s market cap was reported at $60.8M, indicating that it is a small-cap company. Its earnings growth over the last year has been impressive, with a growth rate of 43.91%. The company’s revenue growth for last year was negative, at -10.02%. The P/E ratio for ROOT stock is not available, but the price/sales ratio is 0.20, and the price/book ratio is 0.22. Unfortunately, there is no data available on ROOT’s competitors. The company’s net profit margin is negative, at -95.79%. However, the company’s next reporting date is May 4, 2023, which may provide more information on the company’s financial performance. The EPS forecast for this quarter is -$3.63, which suggests that the company is expected to report a loss. ROOT operates in the finance sector and the insurance brokers/services industry. Investors may want to wait for the company’s next reporting date before making any investment decisions.

Root Incs Stock Performance: Analysts Predict a 39.53% Increase in 12 Months

On April 10, 2023, Root Inc’s stock performance was closely watched by investors and analysts alike. Based on data provided by CNN Money, the 10 analysts offering 12-month price forecasts for Root Inc had a median target of 6.00, with a high estimate of 15.00 and a low estimate of 4.00. The median estimate represented a +39.53% increase from the last price of 4.30.