Professional
Added to YB: 2024-07-05
Pitch date: 2024-07-03
ROOT [bullish]
Root, Inc.
+44.99%
current return
Author Info
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Company Info
Root, Inc. provides insurance products and services in the United States. The company offers automobile and renters insurance products.
Market Cap
$1.3B
Pitch Price
$55.88
Price Target
100.00 (+23%)
Dividend
N/A
EV/EBITDA
10.22
P/E
24.48
EV/Sales
0.64
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)