Root (NASDAQ:ROOT) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Root, Inc. (NASDAQ:ROOT) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $54.15 and traded as high as $57.57. Root shares last traded at $57.15, with a volume of 209,886 shares trading hands.

Root News Roundup

Here are the key news stories impacting Root this week:

• Neutral Sentiment: Wells Fargo raised its price target to $53 from $47 but maintained an Equal Weight rating, suggesting limited conviction that the shares will outperform. Wells Fargo price target
• Neutral Sentiment: Root’s Q3 2026 earnings-call transcript was published, but the provided article information does not include specific management commentary or outlook that could explain the stock move. Q3 2026 earnings call transcript
• Negative Sentiment: Keefe, Bruyette & Woods lowered its price target to $70 from $75, a less optimistic valuation, although it kept an Outperform rating. KBW price target update

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ROOT shares. Wells Fargo & Company boosted their target price on Root from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday. Keefe, Bruyette & Woods dropped their price target on Root from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Root in a research report on Monday, October 26th. TD Cowen downgraded Root from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 20th. Finally, Jefferies Financial Group cut Root from a “buy” rating to a “hold” rating and lowered their target price for the stock from $78.00 to $58.00 in a research note on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $57.75.

Root Trading Down 6.3%

The firm has a market cap of $671.80 million, a P/E ratio of 9.13 and a beta of 3.06. The stock has a 50 day simple moving average of $50.89 and a 200-day simple moving average of $53.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60.

Root (NASDAQ:ROOT) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.23. Root had a return on equity of 19.72% and a net margin of 3.78%. The business had revenue of $381.30 million for the quarter, compared to the consensus estimate of $384.43 million. On average, equities research analysts expect that Root, Inc. will post 4.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Root

Hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP lifted its position in shares of Root by 49.1% in the 1st quarter. First Trust Advisors LP now owns 68,050 shares of the company’s stock worth $3,006,000 after buying an additional 22,422 shares during the last quarter. Prosperitas Financial LLC raised its stake in shares of Root by 4.4% during the 2nd quarter. Prosperitas Financial LLC now owns 27,411 shares of the company’s stock worth $1,533,000 after purchasing an additional 1,149 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new position in Root during the first quarter valued at approximately $1,193,000. Quantinno Capital Management LP acquired a new stake in shares of Root during the 1st quarter valued at about $920,000. Finally, State of Wyoming acquired a new stake in Root in the 3rd quarter valued at about $289,000. Hedge funds and other institutional investors own 59.82% of the company’s stock.

About Root

Root, Inc (NASDAQ:ROOT) is an insurance technology company that uses mobile technology and data-driven underwriting to provide personal insurance products. The company is best known for its automobile insurance, which is offered through a digital platform designed to allow customers to obtain quotes, purchase coverage and manage policies through a smartphone.

Root’s auto insurance model uses information collected through its mobile application, including driving-related data, to evaluate individual driving behavior and help determine eligibility and pricing.