ROOTRoot Inc
ROOT
Root Inc19,820
Mkt Cap
$868.64MVolume
407,631.0052W High
$162.9952W Low
$40.91PE Ratio
25.12ROOT Fundamentals
Price
$55.05Prev Close
$54.90Open
$55.5050D MA
$49.15Beta
1.65Avg. Volume
298,592.32EPS (Annual)
$2.24P/B
2.99Rev/Employee
$1.21M$1,548.43
Compact View
Not available
Not available
Poll
Earnings Recap
• Reported GAAP EPS of $2.19 up 90.43% YoY • Reported revenue of $393.5M up 12.62% YoY
Bullish
Root Inc. achieved increased net income and operating income, reduced sales and marketing expenses through disciplined spend, and strategically lowered reinsurance utilization for improved economics.
Bearish
Root Inc. faced a decrease in gross premiums written due to lower marketing spend, an increased gross accident period loss ratio from higher claim severity, and ongoing macroeconomic inflationary pressures.