ROOT Stock Recent News

Root (NASDAQ: ROOT ) stock is rocketing higher on Thursday as reports spread that the car insurance company has received a takeover bid. According to The Wall Street Journal, Embedded Insurance has been sending offers to Root for an acquisition.

COLUMBUS, Ohio, April 06, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the first quarter on Thursday, May 4, 2023 at 8:00 a.m. Eastern Time. The company plans to release first quarter results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, May 3, 2023.

Root, Inc. (NASDAQ:ROOT ) Q4 2022 Earnings Conference Call February 23, 2023 8:00 AM ET Company Participants Jodi Baker - Investor Relations Alex Timm - Co-Founder and Chief Executive Officer Rob Bateman - Chief Financial Officer Dan Rosenthal - Chief Revenue and Operating Officer Matt Bonakdarpour - Chief Technology Officer Frank Palmer - Chief Insurance Officer Conference Call Participants Josh Siegler - Cantor Fitzgerald Charlie Lederer - Citi Tommy McJoynt - KBW David Motemaden - Evercore ISI Weston Bloomer - UBS Operator Ladies and gentlemen, thank you for standing by and welcome to the Root Inc. 4Q 2022 Earnings Conference Call. I would now like to turn the call over to Jodi Baker, Corporate Secretary.

Root, Inc. (ROOT) delivered earnings and revenue surprises of 3.73% and 0.28%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Root, Inc. (ROOT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

COLUMBUS, Ohio, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the fourth quarter on Thursday, February 23, 2023 at 8:00 a.m. Eastern Time. The company plans to release fourth quarter results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, February 22, 2023.

RLI stands to gain from compelling product portfolio, sustained rate increase, expanded distribution and operational strength and sufficient liquidity.

Root, Inc. (ROOT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Root, Inc. (NASDAQ:ROOT ) Q3 2022 Results Conference Call November 10, 2022 8:00 AM ET Company Participants Jodi Baker - Vice President and Corporate Secretary Alex Timm - Chief Executive Officer Rob Bateman - Chief Financial Officer Dan Rosenthal - Chief Operating Officer Matt Bonakdarpour - Chief Technology Officer Frank Palmer - Chief Insurance Officer Conference Call Participants Michael Phillips - Morgan Stanley Elyse Greenspan - Wells Fargo Yaron Kinar - Jefferies Matt Carletti - JMP Tracy Benguigui - Barclays Francois Maisonrouge - Evercore Mark Hughes - Truist Brian Meredith - UBS Andrew Kligerman - Credit Suisse Tommy McJoynt - KBW Operator Good day, and welcome to the Root Incorporated Third Quarter 2022 Earnings Conference Call. Please note, today's conference is being recorded.

Root, Inc. (ROOT) delivered earnings and revenue surprises of 24.46% and 2.70%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?