ROOT’s latest rating updates from top analysts.


Root Inc.’s recent filing unveils that its Chief Technology Officer Bonakdarpour Mahtiyar acquired Company’s shares for reported $7010.0 on Aug 24. In the deal valued at $9.83 per share,713 shares were bought. As a result of this transaction, Bonakdarpour Mahtiyar now holds 300,477 shares worth roughly $ 3.55 million.

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Then, Bonakdarpour Mahtiyar bought 7,214 shares, generating $70,583 in total proceeds. Upon buying the shares at $9.78, the Chief Technology Officer now owns 299,764 shares.

Before that, Bonakdarpour Mahtiyar bought 9,485 shares. Root Inc. shares valued at $85,233 were divested by the Chief Technology Officer at a price of $8.99 per share. As a result of the transaction, Bonakdarpour Mahtiyar now holds 292,550 shares, worth roughly $3.45 million.

Jefferies initiated its Root Inc. [ROOT] rating to a Hold in a research note published on Friday, November 19, 2021; the price target was $5.50. PT values the company’s stock at a premium of -114.55 to its Friday closing price.

Price Performance Review of ROOT

On Friday, Root Inc. [NASDAQ:ROOT] saw its stock jump 3.15% to $11.80. On the same session, the stock had its day’s lowest price of $11.4103, but rose to a high of $11.90. Over the last five days, the stock has gained 10.38%. Root Inc. shares have risen nearly 162.81% since the year began. Nevertheless, the stocks have fallen -4.76% over the past one year. While a 52-week high of $14.80 was reached on 06/22/23, a 52-week low of $3.31 was recorded on 03/15/23. SMA at 50 days reached $10.30, while 200 days put it at $6.50. A total of 78959.0 shares were traded, compared to the trading of 0.14 million shares in the previous session.

Levels Of Support And Resistance For ROOT Stock

The 24-hour chart illustrates a support level at 11.51, which if violated will result in even more drops to 11.21. On the upside, there is a resistance level at 12.00. A further resistance level may holdings at 12.19. The Relative Strength Index (RSI) on the 14-day chart is 64.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.88%. Stochastics %K at 91.60% indicates the stock is a selling.

How much short interest is there in Root Inc.?

A steep rise in short interest was recorded in Root Inc. stocks on Aug 14, 2023, growing by 30000.0 shares to a total of 1.36 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.33 million shares. There was a rise of 2.21%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 14.72% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.49.

Root Inc. [ROOT] – Who Are The Largest Shareholders?

In filings from SVB Wealth LLC, it is revealed that the company now owns 783,012 shares, or roughly 8.42% of the outstanding ROOT shares.. Over the last quarter, Renaissance Technologies LLC sold -18,372 shares of Root Inc., while Alyeska Investment Group LP sold 146,937 shares. At present, GSA Capital Partners LLP is holding 133,613 shares valued at $1.46 million. Susquehanna Financial Group LLLP owned 128,789 shares of the company at the time of its most recent 13F filing, worth $1.4 million.

According to FactSet, Root Inc.’s share price will average $9.83 in the next year, based on opinions of analysts polled by the firm. This is down nearly -12.59 percent from its previous closing price of $11.44. Analysts expect Root Inc. stock to reach the higher price of $15.00, while the lowest price estimate is $5.50. However, 9 analysts have rated ROOT stock as a Hold in their predictions for 2023.


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