KBW analyst Thomas McJoynt Griffith reiterated a Buy rating on Root (ROOT – Research Report) yesterday and set a price target of $80.00. The company’s shares closed yesterday at $56.62.
McJoynt Griffith covers the Financial sector, focusing on stocks such as Root, Lemonade, and Hippo Holdings. According to TipRanks, McJoynt Griffith has an average return of 24.0% and a 50.00% success rate on recommended stocks.
In addition to KBW, Root also received a Buy from JMP Securities’s Matthew Carletti in a report issued on May 1. However, on the same day, Wells Fargo assigned a Hold rating to Root (NASDAQ: ROOT).
ROOT market cap is currently $840.7M and has a P/E ratio of -7.24.
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Root (ROOT) Company Description:
Root Inc develops and launches a direct-to-consumer personal automobile insurance and mobile technology company. It is a direct-to-consumer personal auto insurance, renters insurance and mobile technology company. The company offers renters insurance in Arkansas, Missouri, Ohio, Georgia, Kentucky, Nevada, Tennessee, and Utah, and auto insurance to drivers in Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Mexico, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and West Virginia. It generates revenue from the sale of auto insurance policies within the United States.
