Root Inc’s filing revealed that its Former 10% Stockholder Ribbit Capital IV, L.P. acquired Company’s shares for reported $71.81 million on May 06 ’25. In the deal valued at $143.61 per share,500,000 shares were bought.
Then, Malka Meyer sold 225,000 shares, generating $30,558,066 in total proceeds. Upon selling the shares at $135.81, the 10% Owner now owns 503,800 shares.
Before that, Ribbit Capital IV, L.P. bought 225,000 shares. Root Inc shares valued at $33,975,000 were divested by the 10% Owner at a price of $151.00 per share.
JMP Securities downgraded its Root Inc [ROOT] rating to a Mkt perform from a a Mkt outperform in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early March from “a Hold” to “a Buy”. Keefe Bruyette also remained covering ROOT and has increased its forecast on February 26, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Cantor Fitzgerald revised its rating on February 22, 2024. It rated ROOT as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of ROOT
On Friday, Root Inc [NASDAQ:ROOT] saw its stock fall -0.31% to $129.60. Over the last five days, the stock has lost -4.52%. Root Inc shares have risen nearly 78.54% since the year began. Nevertheless, the stocks have risen 108.29% over the past one year. While a 52-week high of $181.14 was reached on 03/24/25, a 52-week low of $34.04 was recorded on 01/02/25. SMA at 50 days reached $138.63, while 200 days put it at $89.98.
Levels Of Support And Resistance For ROOT Stock
The 24-hour chart illustrates a support level at 125.59, which if violated will result in even more drops to 121.58. On the upside, there is a resistance level at 133.02. A further resistance level may holdings at 136.44. The Relative Strength Index (RSI) on the 14-day chart is 43.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.00%. Stochastics %K at 14.46% indicates the stock is a buying.
How much short interest is there in Root Inc?
A steep rise in short interest was recorded in Root Inc stocks on 2025-04-30, growing by 0.18 million shares to a total of 1.44 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-31 was 1.26 million shares. There was a rise of 12.44%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 10, 2024 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating .
