Barclays (LON:BARC) analyst Tracy Benguigui maintained a Hold rating on Root on Tuesday, setting a price target of $8, which is approximately 7.53% above the present share price of $7.44.
Benguigui expects Root to post earnings per share (EPS) of -$0.40 for the third quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Root, with an average price target of $13.7.
The analysts price targets range from a high of $21 to a low of $2.38.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $68.6 million and a net profit of $0. The company's market cap is $1.88 billion.
According to TipRanks.com, Barclays analyst Tracy Benguigui is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 5.5% and a 71.43% success rate.
Root Inc develops and launches a direct-to-consumer personal automobile insurance and mobile technology company. It is a direct-to-consumer personal auto insurance, renters insurance and mobile technology company. The company offers renters insurance in Arkansas, Missouri, Ohio, Georgia, Kentucky, Nevada, Tennessee, and Utah, and auto insurance to drivers in Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Mexico, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and West Virginia. It generates revenue from the sale of auto insurance policies within the United States.