Analysts Set Root, Inc. (NASDAQ:ROOT) Price Target at $62.25

Posted by Brian Himes on Sep 24th, 2026

Shares of Root, Inc. (NASDAQ:ROOT – Get Free Report) have been assigned an average rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $62.25.

Several equities research analysts recently commented on the company. TD Cowen cut Root from a “hold” rating to a “strong sell” rating in a report on Thursday, August 20th. Weiss Ratings upgraded shares of Root from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Zacks Research upgraded Root from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Wells Fargo & Company raised their target price on Root from $58.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods lowered their price target on Root from $95.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th.

Get Our Latest Analysis on Root

Institutional Investors Weigh In On Root

A number of institutional investors have recently bought and sold shares of ROOT. CoreCap Advisors LLC purchased a new stake in shares of Root in the second quarter worth approximately $42,000. Sequoia Financial Advisors LLC purchased a new position in Root during the second quarter valued at approximately $219,000. Leonteq Securities AG purchased a new position in Root during the first quarter valued at approximately $332,000. Quantinno Capital Management LP acquired a new position in Root in the 1st quarter valued at approximately $920,000. Finally, Zweig DiMenna Associates LLC acquired a new position in Root in the 1st quarter valued at approximately $1,193,000. 59.82% of the stock is currently owned by institutional investors and hedge funds.

Root Stock Down 3.7%

Root stock opened at $46.76 on Monday. Root has a one year low of $40.91 and a one year high of $99.36. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $724.31 million, a P/E ratio of 13.21 and a beta of 2.92. The company has a 50-day simple moving average of $54.88 and a 200-day simple moving average of $53.51.

Root (NASDAQ:ROOT – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.66. Root had a return on equity of 19.72% and a net margin of 3.78%.The firm had revenue of $389.20 million for the quarter, compared to the consensus estimate of $395.14 million. During the same quarter in the previous year, the business earned $1.29 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts expect that Root will post 4.46 earnings per share for the current year.

About Root

(Get Free Report)

Root, Inc is a technology-driven insurance company that primarily provides personal automobile insurance in the United States. The company uses a mobile application, data analytics and telematics to evaluate driving behavior and help determine individualized insurance pricing. Customers can use the app to obtain quotes, manage policies, access identification cards and file claims.

Root’s insurance products are designed around a digital, direct-to-consumer model intended to simplify the purchase and management of coverage.