Root (NASDAQ:ROOT) Stock Price Target Lowered at Keefe, Bruyette & Woods

Posted by George Bondi on Nov 6th, 2026

Root (NASDAQ:ROOT – Free Report) had its price objective cut by Keefe, Bruyette & Woods from $75.00 to $70.00 in a research note published on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts have also recently weighed in on the stock. Jefferies Financial Group cut shares of Root from a “buy” rating to a “hold” rating and decreased their target price for the company from $78.00 to $58.00 in a research note on Tuesday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of Root in a research note on Monday, October 26th. Wells Fargo & Company lifted their target price on Root from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, TD Cowen cut shares of Root from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Root has a consensus rating of “Hold” and an average price target of $57.75.

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Root Stock Down 19.0%

ROOT stock opened at $46.28 on Thursday. Root has a fifty-two week low of $40.91 and a fifty-two week high of $91.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50-day moving average of $51.12 and a 200-day moving average of $54.03. The stock has a market capitalization of $717.02 million, a P/E ratio of 9.74 and a beta of 3.06.

Root (NASDAQ:ROOT – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.23. The business had revenue of $381.30 million for the quarter, compared to analyst estimates of $384.43 million. Root had a net margin of 5.03% and a return on equity of 25.10%. On average, sell-side analysts anticipate that Root will post 4.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Root

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP bought a new position in Root in the 1st quarter valued at about $920,000. Zweig DiMenna Associates LLC acquired a new position in Root during the first quarter valued at approximately $1,193,000. First Trust Advisors LP boosted its holdings in shares of Root by 49.1% in the 1st quarter. First Trust Advisors LP now owns 68,050 shares of the company’s stock valued at $3,006,000 after purchasing an additional 22,422 shares in the last quarter. State of Wyoming bought a new position in shares of Root in the 3rd quarter valued at $289,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Root during the 2nd quarter worth $219,000. 59.82% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Root

Here are the key news stories impacting Root this week:

Positive Sentiment: Wells Fargo raised its price target to $53 from $47 and maintained an “equal weight” rating, a more favorable target revision. Wells Fargo rating
Neutral Sentiment: Keefe, Bruyette & Woods lowered its target to $70 from $75 but kept an “outperform” rating, indicating continued optimism despite the reduced target. Keefe, Bruyette & Woods rating
Negative Sentiment: Root reported third-quarter EPS of $0.86, beating the $0.63 consensus, but revenue of $381.3 million missed the $384.4 million estimate. The revenue shortfall may have weighed on shares despite the earnings beat. Root third-quarter results

Root Company Profile

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Root, Inc (NASDAQ:ROOT) is an insurance technology company that uses mobile technology and data-driven underwriting to provide personal insurance products. The company is best known for its automobile insurance, which is offered through a digital platform designed to allow customers to obtain quotes, purchase coverage and manage policies through a smartphone.

Root’s auto insurance model uses information collected through its mobile application, including driving-related data, to evaluate individual driving behavior and help determine eligibility and pricing.