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Wells Fargo analyst Elyse Greenspan initiates Root (ROOT) with an Overweight rating, noting that the stock represents a "rare growth name and tech play in the auto insurance industry."Initial estimates include direct written premium growth CAGR of 54% from 2019-2023E, a total revenue CAGR of ...
The IPO market is taking a break during the shortened Thanksgiving week, with just one IPO and two SPACs scheduled to raise $900 million. Russian e-commerce company Ozon Holdings plans to raise $750 million at a $4.4 billion market cap. Street research is expected for 11 companies...
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Gainers: Phoenix Tree Holdings (DNK) +81%. InnSuites Hospitality Trust (IHT) +24%. Ashford Hospitality Trust (AHT) +27%. CIIG Merger (CIIC) +25%. Nam Tai Property (NTP) +24%.Losers: CTO Realty Growth (CTO) -17%. Root (ROOT) -8%. KE Holdings (BEKE) -7%. Atlanticus Holdings (ATLC) -6%. UP Finte...
COLUMBUS, Ohio, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced it plans to host a conference call to discuss results for the 2020 third quarter on Tuesday, December 1, 2020, at 5:00 p.m. Eastern Time. The Company pl...
Root Insurance went public on Wednesday and raised $724 million in its debut. Root wants to change the way insurance costs are calculated and plans to use technology and artificial intelligence to lower premiums. Investors should consider Root given its growth potential and its re...
MediaAlpha has seen a successful IPO. Investors like the connecting role which the company plays between insurers and consumers. High earnings multiples and some long-term concerns on the business model mean that I am not initiating a position here. For further details see: ...
Eleven IPOs and nine SPACs priced this past week, getting out ahead of the US election. Markets tumbled and volatility spiked, as several deals broke issue and three IPOs postponed. New filings kept steady with six IPOs and five SPACs (which continue to face pushback). For f...
Root's innovative car insurance and business model seems like a real disruptive force. I like the potential of the business, as the promise still has to translate into the actual results. Valuations are high and results too uncertain for me to get involved here. For further ...
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2024-07-24 07:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
COLUMBUS, Ohio, July 16, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the second quarter on Wednesday, August 7, 2024 at 5:00 p.m. Eastern Time. The company pl...