Root (ROOT) news

Roots Corp - to be bought for C$4.10 per share in cash

Roots Corp (ROOT) is reportedly considering a potential sale amid recent volatility in its stock price, which has traded near C$2.35 per share in recent sessions. The company, which completed its initial public offering in 2017, has experienced mixed cash flow performance in recent quarters. For…

Root Inc: KBW cuts target price to $80 from $95

Keefe, Bruyette & Woods (KBW) has lowered its price target for Root, Inc. (NASDAQ:ROOT) to $150 from $165, while maintaining an "Outperform" rating for the insurance technology company. The adjustment follows Root’s latest quarterly results, which showed a 38.5% revenue growth over the past twelve…

Root Q2 revenue USD 389.2 million vs. IBES estimate USD 395.2 million

Roots Q1 adjusted EPS CAD -0.19

Roots Corporation (ROOT.TO) reported its first-quarter fiscal 2024 results, revealing an adjusted earnings per share (EPS) of CAD -0.19 for the period. This outcome reflects a challenging quarter for the company, with financial performance falling short of expectations. The negative EPS indicates…

Root and Hugo partner to expand access to affordable car insurance for drivers seeking greater flexibility

Root and Hugo have announced a collaboration aimed at expanding access to affordable car insurance for drivers seeking greater flexibility in coverage and payment options. This partnership aligns with growing consumer demand for insurance products that reflect individual driving habits and…