Professional
Added to YB: 2024-07-05
Pitch date: 2024-07-03
ROOT [bullish]
Root, Inc.
-19.74%
current return
Author Info
Rogue Funds is a value-oriented hedge fund sharing in-depth analysis. Sign up for the newsletter.
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
$55.88
Price Target
100.00 (+123%)
Dividend
N/A
EV/EBITDA
5.04
P/E
18.54
EV/Sales
0.22
Sector
Insurance
Category
growth
ROOT is Rapidly Changing the Auto Insurance Landscape
ROOT: InsurTech co. w/ industry-leading 61.2% loss ratio. $64M TTM FCF, breakeven profitability. 100%+ YoY premium growth. 25B+ miles data, 34 states. $100 PT (13x norm. FCF, 1x sales). Catalysts: low float (64%), 17% short interest, Russell 2000 inclusion. Risks: marketing costs, retention.
Read full article (8 min)