Added to YB: 2024-02-27
Pitch date: 2024-02-26
ROOT [bullish]
Root, Inc.
+104.23%
current return
Author Info
Company Info
Root, Inc. provides insurance products and services in the United States. The company offers automobile and renters insurance products primarily through websites, mobile applications, and partnership channels.
Market Cap
$680.7M
Pitch Price
$21.96
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.04
P/E
18.54
EV/Sales
0.22
Sector
Insurance
Category
growth
Root, Inc: Disruptive Insurtech Delivers a Turnaround Quarter that Changes Everything
ROOT revolutionizing car insurance with mobile app: 12M downloads, 20B miles of data for precise risk pricing. Q4 breakeven adj EBITDA, 2x gross premiums. Trades at 85% discount to LMND despite faster growth. Potential 10x upside on 44% premium growth. Risks: $300M loan, self-driving cars. Disruptor poised for success.
Read full article (15 min)