Professional
Added to YB: 2024-07-22
Pitch date: 2024-07-19
ROOT [neutral]
Root, Inc.
-42.5%
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 primarily through websites, mobile applications, and partnership channels.
Market Cap
$680.7M
Pitch Price
$78.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.04
P/E
18.54
EV/Sales
0.22
Sector
Insurance
Category
growth
Rogue Funds New Position: Root, Inc.
ROOT: Auto insurer focused on telematics. Growing fast w/ industry-leading loss ratio, nearing sub-100% combined ratio. Took 7% position end of June. Low float, high short interest suggests volatility. Stock surged in July. Awaiting Q2 results, expected disappointing, for potential DCA opportunity.
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