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How to Buy Root Stock

Root Inc

Root, Inc. provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products.

Root stock last closed at $51.43, down 4.26% from the previous day, and has increased 1,208.65% in one year. It has overperformed other stocks in the Insurance - Property & Casualty industry by 11.89 percentage points. Root stock is currently +1,316.8% from its 52-week low of $3.63, and -40.19% from its 52-week high of $85.99.

At the moment, there are 14.6M ROOT shares outstanding. The market value of ROOT is $750.88M. In the last 24 hours, 543,419 ROOT shares were traded.

How to Buy Root Stock

Not sure how to invest in Root stock? Here's how.
  1. Choose where to buy Root stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Root stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Fund your brokerage account: Select your method of payment and add your info.
  4. Research Root stock: The Root ticker symbol is ROOT. Is Root stock a good investment? Should you buy shares of ROOT? How do ROOT's underlying business fundamentals look? Do top analysts think Root is a good buy? Why has ROOT's stock price moved recently? (Hint: Our stock analysis website can help you figure out if ROOT is a good stock to buy).
  5. Execute your ROOT buy order: Decide if you will purchase ROOT shares at the current market price or use a limit order to buy ROOT stock at a particular price.
  6. Get updates on your investment in ROOT: Create a watchlist to important updates regarding your new investment in Root stock.

Step 1: Choose where to buy Root stock

You will need a brokerage account in order to access the NASDAQ market and buy ROOT stock.

A brokerage account enables you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our experience, eToro is the best place to buy stocks. Here's why:

  • You can invest in stocks with 0% commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
  • Access to global markets: From Tech to Real Estate, New York to Hong Kong — you can fill your portfolio with stocks from the globe's top stock exchanges.
  • Social investing: eToro offers a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other assets: Such as ETFs and cryptocurrencies.

Get $10 towards your stock purchase by opening an account with eToro now.

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Step 2: Sign up for a brokerage account

Now that you've selected the best brokerage, the next step is to fill out some personal information so you can buy ROOT stock today.

How to Start a New Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Provide your personal data to start a new brokerage account.
  1. Send your information by pressing the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Fund your brokerage account

Now that you've created your account on the best stock trading app, your next step is to transfer the money for your investment:

Watch the walkthrough below to see the process of transferring funds into your investment account.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Root stock

Once you have figured out the best place to buy Root stock, it's absolutely critical to analyze their stock prior to buying, so you actually understand the risk as well as the upside.

Root stock quick numbers

ROOT Price
$51.43
1w %
-21.72%
1y %
1,208.65%
5y %
N/A
P/E
-5.02x
P/B
4.53x
P/S
1.63x
PEG
N/A
Revenue
$455.00M
Earnings
-$147.40M
Fore. Rev. Growth
45.83%
Fore. Earn. Growth
N/A
Market Cap
$750.88M
Next Earnings
Apr 30, 2024
Next Dividend
N/A

ROOT Zen Score

WallStreetZen was created to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on ROOT's stock page.

Is ROOT stock undervalued?

Investors use many financial metrics, analyses, models, and charts to gauge ROOT's fair value.

Using relative valuations ratios:

  • ROOT could be overvalued based on its P/B ratio of 4.53x, relative to Insurance - Property & Casualty industry P/B ratio of 2.2x

You can access additional valuation analysis on ROOT's stock here.

How do ROOT Financials look?

Positive Financial Indicators:

  • Total ROOT debt is lower than 5 years ago, relative to shareholder equity.

Negative Financial Indicators:

  • ROOT profit margin has gone up by 0.63 percentage points in the past year, but the company is still unprofitable.
  • ROOT has a relatively high debt to equity ratio of 6.46.

Is Root stock a Buy, Hold, or Sell, according to analysts?

Out of 6 Equities analysts who research ROOT, the consensus analyst rating on ROOT is a Buy

Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.

Latest ROOT Analyst Forecasts

Josh Siegler, a top 3% analyst from Cantor Fitzgerald upgrades ROOT to a strong buy rating and raises their ROOT price target from $9.00 to $13.00, on Feb 22, 2024.

You can dig deeper into what analysts are forecasting on the Root stock forecast page.

ROOT Technicals

SMA10
68.12
SMA20
64
SMA50
42.93
SMA100
26.41
SMA200
18.23
MACD
4.33
MACD Signal
7.86
MACD Histogram
-3.54
RSI
43.75
Stochastic %K
9.5
Stochastic %D
19.48
StochRSI %K
0
StochRSI %D
0.37

Is ROOT Making Money?

Last year, ROOT revenue was $455.00M. During the past 5 year, ROOT's revenue has grown by 60.07% per year. This was faster than the Insurance - Property & Casualty industry average of 11.8%.

Dig into ROOT's earnings and revenue performance here.

Are ROOT insiders buying or selling the stock?

Over the last 12 months, executives and large shareholders at ROOT have sold more shares than they have bought.

Jonathan Allison, Chief Administrative Officer of ROOT, was the latest ROOT insider to sell. They sold $865.76 worth of ROOT shares on Apr 16, 2024.

Get more info about who owns ROOT shares here.

Does ROOT provide a stable income stream?

No, Root doesn't provide an income stream by paying out dividends.

What others are saying about ROOT

One of the major reasons eToro is our favorite brokerage is because of its social trading community.

Click below to find out what other community members have to say.

Step 5: Execute your ROOT buy order

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are usually sufficient.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at an exact price limit, use a limit order.

Click the Open button and your broker will execute the order.

If you need more help buying stocks on eToro, click the how to video below:

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Step 6: Get updates on your investment in ROOT

Now that you own some ROOT stock, you'll want to stay up-to-date on your new investment.

Start a watchlist to get notified of important updates regarding your ROOT stock.

ROOT Feed

How to Buy Stock in Root

To reiterate, here are the 6 steps you need to take to buy Root stock right now:

  1. Choose where to buy Root stock
  2. Sign up for a brokerage account
  3. Fund your brokerage account
  4. Research Root stock
  5. Execute your ROOT buy order
  6. Get updates on your investment in ROOT

If you require a online brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your new investment in Root, click the button below.

NASDAQ: ROOT
$51.43-2.29 (-4.26%)
Updated Apr 18, 2024
Open eToro Account
NASDAQ: ROOT
$51.43-2.29 (-4.26%)
Updated Apr 18, 2024
Open eToro Account

FAQ

How much does it cost to buy one Root share?

As of Apr 18, 2024, it costs $51.43 to buy one share of Root stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.194 shares of ROOT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Root stock?

According to 6 Wall Street analysts who monitor Root, their consensus recommendation is to buy Root stock.

What is the best way to buy Root stock?

One way to place an order for Root stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.