Root (ROOT) news

Roots Corporation obtains shareholder and competition act approval for previously announced plan of arrangement

Roots Corporation (TSX: ROOT) has received approval from both the Competition Act and its shareholders for the previously announced plan of arrangement, marking a significant step in the company’s strategic evolution. The plan of arrangement, which was approved by the majority of shareholders at a…

Premarketing: Angel Oak $250.597M+ AOMT 2026-6 non-QM RMBS

Angel Oak Mortgage Trust has announced the premarketing of its latest non-qualified mortgage (non-QM) residential mortgage-backed securities (RMBS) offering, AOMT 2026-6, with a proposed issuance size of $250.597 million. The transaction is part of the company’s ongoing strategy to securitize a…

Root Inc: Jefferies cuts target price to $53 from $58

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…