Wells Fargo & Company Issues Positive Forecast for Root (NASDAQ:ROOT) Stock Price

Root (NASDAQ:ROOT) had its price objective upped by Wells Fargo & Company from $52.00 to $58.00 in a research note published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

ROOT has been the topic of several other reports. Keefe, Bruyette & Woods reduced their price objective on Root from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Weiss Ratings raised Root from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, February 26th. UBS Group reduced their price objective on Root from $90.00 to $52.00 and set a “neutral” rating on the stock in a research note on Monday, March 9th. Wall Street Zen raised Root from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Zacks Research raised Root from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $93.60.

Root Stock Performance

NASDAQ:ROOT opened at $56.91 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.21 and a quick ratio of 1.21. Root has a 1 year low of $40.91 and a 1 year high of $162.99. The stock’s 50 day simple moving average is $48.95 and its two-hundred day simple moving average is $64.81. The company has a market cap of $885.52 million, a price-to-earnings ratio of 17.04 and a beta of 2.95.

Root (NASDAQ:ROOT) last released its quarterly earnings data on Wednesday, May 6th. The company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $1.25. Root had a return on equity of 21.13% and a net margin of 3.58%.The business had revenue of $393.50 million for the quarter, compared to the consensus estimate of $398.16 million. During the same quarter in the previous year, the company posted $1.07 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. As a group, equities analysts anticipate that Root will post 2.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ROOT. AQR Capital Management LLC grew its stake in shares of Root by 122.2% during the first quarter. AQR Capital Management LLC now owns 10,229 shares of the company’s stock valued at $1,365,000 after buying an additional 5,626 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Root by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,141 shares of the company’s stock valued at $686,000 after buying an additional 229 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Root by 389.3% during the second quarter. JPMorgan Chase & Co. now owns 28,905 shares of the company’s stock valued at $3,699,000 after buying an additional 22,997 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Root by 511.7% during the second quarter. Russell Investments Group Ltd. now owns 734 shares of the company’s stock valued at $94,000 after buying an additional 614 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Root by 29.6% during the second quarter. New York State Common Retirement Fund now owns 3,500 shares of the company’s stock valued at $448,000 after buying an additional 800 shares during the last quarter. Institutional investors own 59.82% of the company’s stock.

Key Headlines Impacting Root

Here are the key news stories impacting Root this week:

• Positive Sentiment: Q1 earnings beat — Root reported $2.09 EPS vs. $0.84 consensus and revenue up 12.5% YoY; solid profitability metrics and management commentary support the rally. MarketBeat Q1 Results
• Positive Sentiment: Refinancing and share repurchase — Root announced a refinancing that lowers its cost of capital and a $75 million buyback authorization (and separately secured a $200M senior secured term loan), which reduces financing risk and signals management confidence. GlobeNewswire Release
• Positive Sentiment: New term loan and repurchase authorization coverage — reporting on the $200M senior secured term loan led by Huntington and the board’s repurchase plan reinforces the refinancing story. TipRanks: Term Loan & Repurchase
• Neutral Sentiment: Analyst action — Wells Fargo raised its price target from $52 to $58 but kept an “equal weight” rating (mixed signal: slightly higher valuation but no upgrade to buy). Benzinga: Wells Fargo PT Raise
• Neutral Sentiment: Earnings call transcript available — useful for hearing management’s guidance and margin drivers but not new news by itself. Seeking Alpha Transcript
• Neutral Sentiment: Third‑party comparisons and sector coverage — analyst/compare pieces (e.g., RLI vs. Root) circulated but are background context rather than immediate catalysts. American Banking News Analysis
• Neutral Sentiment: Unrelated cybersecurity headline mentioning “root access” is not connected to Root, Inc.; investors should treat it as noise. MSN: cPanel Vulnerability

About Root

Root, trading on the Nasdaq under the ticker ROOT, is a Columbus, Ohio–based insurance company that leverages mobile technology and data analytics to offer personalized auto insurance policies. Founded in 2015 by Alex Timm and Dan Manges, Root set out to transform traditional underwriting by focusing on individual driving behavior rather than broad demographic factors.

The company’s core product is usage-based auto insurance, delivered through a smartphone app that monitors driving patterns such as speed, braking and phone usage behind the wheel.