Fintel reports that on August 28, 2023, UBS maintained coverage of Root Inc - (NASDAQ:ROOT) with a Neutral recommendation.
Analyst Price Forecast Suggests 28.05% Downside
As of August 2, 2023, the average one-year price target for Root Inc - is 7.62. The forecasts range from a low of 4.24 to a high of $15.75. The average price target represents a decrease of 28.05% from its latest reported closing price of 10.59.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Root Inc - is 269MM, a decrease of 7.27%. The projected annual non-GAAP EPS is -14.81.
What is the Fund Sentiment?
There are 152 funds or institutions reporting positions in Root Inc -. This is a decrease of 14 owner(s) or 8.43% in the last quarter. Average portfolio weight of all funds dedicated to ROOT is 0.12%, an increase of 108.62%. Total shares owned by institutions decreased in the last three months by 9.53% to 5,783K shares. 
The put/call ratio of ROOT is 0.15, indicating a bullish outlook.
What are Other Shareholders Doing?
Ribbit Capital GP IV holds 1,638K shares representing 11.27% ownership of the company. No change in the last quarter.
Svb Financial Group holds 783K shares representing 5.39% ownership of the company. No change in the last quarter.
Silver Lake Group, L.L.C. holds 514K shares representing 3.54% ownership of the company. No change in the last quarter.
Schusterman Interests holds 486K shares representing 3.34% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 271K shares representing 1.86% ownership of the company. No change in the last quarter.
Additional reading:
- ROOT, INC. EXECUTIVE RETENTION AGREEMENT
- Letter to Shareholders, dated
- Non-Employee Director Compensation Policy
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This story originally appeared on Fintel.
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