Fintel reports that on April 10, 2023, Jefferies maintained coverage of Root, Inc. (NASDAQ:ROOT) with a Hold recommendation.
Analyst Price Forecast Suggests 67.64% Upside
As of April 6, 2023, the average one-year price target for Root, Inc. is $7.24. The forecasts range from a low of $4.14 to a high of $15.75. The average price target represents an increase of 67.64% from its latest reported closing price of $4.32.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Root, Inc. is $269MM, a decrease of 13.50%. The projected annual non-GAAP EPS is -$14.81.
What are Other Shareholders Doing?
Trinity Financial Advisors holds 10K shares representing 0.07% ownership of the company. In it's prior filing, the firm reported owning 10K shares, representing a decrease of 1.11%. The firm increased its portfolio allocation in ROOT by 92,279.16% over the last quarter.
What is the Fund Sentiment?
There are 4 funds or institutions reporting positions in Root, Inc..
This is a decrease
of
17
owner(s) or 80.95% in the last quarter.
Average portfolio weight of all funds dedicated to ROOT is 0.00%,
a decrease
of 99.88%.
Total shares owned by institutions decreased
in the last three months by 99.97% to 10K shares.
The put/call ratio of ROOT is 0.10, indicating a
bullish
outlook.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
