Stock ROOT ROOT, INC.
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Company Root, Inc.

Equities

ROOT

US77664L2079

Property & Casualty Insurance

Market Closed - Nasdaq
Other stock markets
 16:00:00 2024-04-26 EDT 		5-day change 1st Jan Change
64.4 USD +2.78% Intraday chart for Root, Inc. +25.19% +514.50%
04-24 Keefe Bruyette & Woods Raises Root Price Target to $70 From $22, Maintains Outperform Rating MT
04-16 Root, Inc. Announces Executive Changes CI

Business Summary

Root, Inc. is a holding company. The Company operates through its subsidiaries, including Root Insurance Company, Root Property & Casualty Insurance Company and Root Reinsurance Company, Ltd. The Company is a technology insurance company operating a direct-to-consumer model with its personal insurance customers acquired through mobile apps. It offers auto and renters insurance products underwritten by Root Insurance Company and Root Property & Casualty. The Company, by collecting and synthesizing sensory behavioral data across thousands of driving variables, including distracted driving, it strives to price auto insurance based more on causality than correlation. It uses telematics, mobile technology and its digital platform to collect data points that it evaluates in pricing and underwriting certain of its insurance policies, managing claims and customer support, and improving business processes. Its primary focus is on the United States auto insurance market.

Number of employees: 680

Sales per Business

USD in Million2022Weight2023Weight Delta
Insurance Products
100.0 %
311 100.0 % 455 100.0 % +46.40%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
311 100.0 % 455 100.0 % +46.40%

Managers

Managers TitleAgeSince
Alexander Timm FOU
 Founder 35 15-01-31
Matt Bonakdarpour PSD
 President 38 22-02-22
Megan Binkley DFI
 Director of Finance/CFO 40 19-03-31
Jon Allison ADM
 Chief Administrative Officer - 16-12-31
Jodi Baker SEC
 Corporate Secretary - 22-01-31
Jason Shapiro PRN
 Corporate Officer/Principal - 23-05-14

Members of the board

Members of the board TitleAgeSince
Jerri DeVard BRD
 Director/Board Member 66 20-09-30
Nancy Kramer BRD
 Director/Board Member 68 20-07-31
Lawrence Hilsheimer BRD
 Director/Board Member 66 20-09-30
Doug Ulman BRD
 Director/Board Member 46 16-11-30
Alexander Timm FOU
 Founder 35 15-01-31
Julie Szudarek BRD
 Director/Board Member 51 22-06-30
Beth Birnbaum BRD
 Director/Board Member 51 22-02-28
Donna Dorsey BRD
 Director/Board Member - 23-10-25

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 10 5,000,000 0 0 55.47 %
Stock B 1 9,600,000 8,098,501 ( 84.36 %) 0
Stock C 0 14,100,000 0 0

Shareholders

NameEquities%Valuation
Ribbit Management Co. LLC
17.51 %
1,681,303 17.51 % 103 M $
SVB FINANCIAL GROUP
8.156 %
783,012 8.156 % 48 M $
Cannell Capital LLC
7.469 %
717,043 7.469 % 44 M $
Schusterman Interests LLC
5.064 %
486,111 5.064 % 30 M $
Vanguard Global Advisers LLC
4.089 %
392,553 4.089 % 24 M $
Schusterman Interests LLC
3.211 %
308,231 3.211 % 19 M $
Mahtiyar Bonakdarpour
3.039 %
291,706 3.039 % 18 M $
DST Global Ltd. /GB/
2.632 %
252,669 2.632 % 15 M $
Renaissance Technologies LLC
2.198 %
210,984 2.198 % 13 M $
Alexander Timm
1.854 %
178,009 1.854 % 11 M $
NameEquities%Valuation
CARVANA CO.
100.00 %
14,053,096 100.00 % 141 $
NameEquities%Valuation
Ribbit Management Co. LLC
37.48 %
1,874,020 37.48 % 114 M $
Drive Capital LLC
28.87 %
1,443,376 28.87 % 88 M $
Alexander Timm
21.13 %
1,056,393 21.13 % 65 M $
Redpoint Ventures
11.35 %
567,720 11.35 % 35 M $
Daniel Rosenthal
1.060 %
53,014 1.060 % 3 M $
Lawrence Hilsheimer
0.1111 %
5,555 0.1111 % 339 299 $
Mahtiyar Bonakdarpour
0.000000 %
0 0.000000 % - $
Doug Ulman
0.000000 %
0 0.000000 % - $
Nancy Kramer
0.000000 %
0 0.000000 % - $

Company contact information

Root, Inc.

80 East Rich Street Suite 500

43215, Columbus

+

http://inc.joinroot.com
address Root, Inc.(ROOT)

Sector

Financials
Insurance
Insurance
Property & Casualty Insurance
Other Property & Casualty Insurance

Ratings for Root, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
64.4 USD
Average target price
43.25 USD
Spread / Average Target
-32.84%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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