The average one-year price target for Root (NasdaqGS:ROOT) has been revised to 31.62 / share. This is an increase of 83.70% from the prior estimate of 17.21 dated March 28, 2024.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 11.11 to a high of 74.55 / share. The average price target represents a decrease of 48.87% from the latest reported closing price of 61.84 / share.
What is the Fund Sentiment?
There are 101 funds or institutions reporting positions in Root. This is a decrease of 3 owner(s) or 2.88% in the last quarter. Average portfolio weight of all funds dedicated to ROOT is 0.14%, a decrease of 25.61%. Total shares owned by institutions increased in the last three months by 32.12% to 7,713K shares. 
The put/call ratio of ROOT is 0.93, indicating a bullish outlook.
What are Other Shareholders Doing?
Ribbit Management Company holds 1,681K shares representing 11.60% ownership of the company.
Ribbit Capital GP IV holds 1,638K shares representing 11.30% ownership of the company. No change in the last quarter.
Svb Financial Group holds 783K shares representing 5.40% ownership of the company. No change in the last quarter.
Cannell Capital holds 717K shares representing 4.95% ownership of the company. In it's prior filing, the firm reported owning 294K shares, representing an increase of 59.01%. The firm increased its portfolio allocation in ROOT by 150.45% over the last quarter.
Schusterman Interests holds 486K shares representing 3.35% ownership of the company. No change in the last quarter.
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