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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Root (NASDAQ: ROOT ) stock is taking off on Friday after Citron Research analysts released a bullish report on the auto insurance company. Source: Jirsak / Shutterstock.com To start off with, the report claims...
Auto insurer Root Inc. (ROOT) jumped 12% after Citron Research's Andrew Left yesterday afternoon pitched the auto insurance company as a long on a Twitter live feed and in a new report.He said Root shares could climb to $70/share. Left said Root is probably the most s...
Root Inc. (ROOT) rose 9.7% after Citron pitched the auto insurance company as a long.Root short interest 36% of float.Root shares had dropped 53% since IPO in late October.Recall March 9, Root stock slips after BofA note sees negative cash flow for at least 5 years.Recall Nov. 23, W...
Root has the highest loss ratio that I could find in the industry. We'll examine why that's to be expected. Root is also burning through cash at a high rate. We'll look at why that's not something to worry about. Root has an extremely high short interest for the reasons above. 61%...
Palm Beach, FL – March 24, 2021 – The COVID-19 pandemic has made many companies across all markets reevaluate what it takes to survive and grow during this global crisis. In the Insurance industry those tools are innovation and M&A activity. An article in the Insur...
Gainers: Atlantic American (AAME) +18%. Puhui Wealth Investment Management (PHCF) +12%. LendingClub (LC) +10%. Root (ROOT) +9%. Silvergate Capital (SI) +9%.Losers: LexinFintech Holdings (LX) -15%. 360 DigiTech (QFIN) -8%. Qudian (QD) -7%. PennyMac Financial Services (PFSI) -6%. Oak Valley Ban...
Gainers: CIIG Merger (CIIC) +13%. Bryn Mawr Bank (BMTC) +12%. DraftKings (DKNG) +12%. Metromile (MILE) +10%. Huize Holding (HUIZ) +9%.Losers: Gaucho Group Holdings (VINO) -11%. Root (ROOT) -7%. FedNat Holding (FNHC) -6%. Washington Prime Group (WPG) -6%. For further details see: CIIC le...
Root (ROOT) stock drops 2.5% after BofA Securities analyst Joshua Shanker initiates coverage with an Underperform rating on the premise that the insure-tech won't be cash flow positive until 2027.As a result, he expects ROOT "will require not insignificant cash infusions from the ca...
Root is a technology company targeting the $266bn U.S. auto insurance market; shares fell 18% on Friday and have now halved since the IPO. Root has a differentiated consumer proposition that seeks to deliver lower premiums and better service using mobile-based telematics. Growth h...
Shares of next-generation auto insurance company Root (NASDAQ: ROOT) crumpled by nearly 18% on Friday. The company released its fourth-quarter 2020 results following market close on Thursday, and they didn't make investors feel too secure. Despite a 37% year-over-year increase i...
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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...