Root, Inc. will host a conference call on February 26, 2025, to discuss Q4 and 2024 financial results.
Quiver AI Summary
Root, Inc., the parent company of Root Insurance Company, announced it will hold a conference call on February 26, 2025, at 5:00 p.m. Eastern Time to discuss its financial results for the fourth quarter and full year of 2024, as well as to provide an update on company operations. The financial results will be released after the market closes on the same day, and interested parties can access the call through a toll-free number or via a webcast on the company’s investor relations website. Root, founded in 2015 and based in Columbus, Ohio, focuses on using data science and technology to improve insurance experiences, accumulating over 14 million app downloads and nearly 30 billion miles of driving data.
Potential Positives
- Root, Inc. is set to release its fourth quarter and full year financial results, providing a crucial update on the company's performance and operations.
- The upcoming conference call signifies Root's commitment to transparency and communication with investors, enhancing trust and engagement.
- The company has demonstrated significant growth, with over 14 million app downloads and nearly 30 billion miles of driving data collected, indicating a strong user base and innovative approach to insurance.
Potential Negatives
- Announcement of a future financial results call may indicate that the company has not yet provided its Q4 and full year 2024 results, potentially leading to concerns about transparency and financial performance.
- The timing of the financial results release, almost a month after the end of Q4, could raise doubts about the company’s financial health or operational efficiency.
- Details about the company's operations update are lacking, which leaves investors uncertain about recent developments and future strategies.
FAQ
When is Root, Inc.'s fourth quarter 2024 earnings call?
Root, Inc. will host its fourth quarter 2024 earnings call on February 26, 2025, at 5:00 p.m. Eastern Time.
How can I access Root's financial results?
The financial results will be available on Root's investor relations website at ir.joinroot.com after the close of the markets on the same day.
What is the dial-in number for the conference call?
The toll-free dial-in number for the conference call is 1 (877) 269-7751, and the toll dial-in number is 1 (201) 389-0908.
Where can I watch the webcast of the earnings call?
The webcast can be viewed at https://ir.joinroot.com/news-events/events during and after the earnings call.
What is Root, Inc. known for?
Root, Inc. is known for revolutionizing insurance using data science and technology, offering a personalized experience through their mobile app.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ROOT Insider Trading Activity
$ROOT insiders have traded $ROOT stock on the open market 33 times in the past 6 months. Of those trades, 0 have been purchases and 33 have been sales.
Here’s a breakdown of recent trading of $ROOT stock by insiders over the last 6 months:
- MEYER MALKA has made 0 purchases and 30 sales selling 446,220 shares for an estimated $36,730,007.
- JONATHAN ALLISON (Chief Administrative Officer) has made 0 purchases and 2 sales selling 9,500 shares for an estimated $832,833.
- JULIE SZUDAREK sold 2,000 shares for an estimated $192,666
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ROOT Hedge Fund Activity
We have seen 63 institutional investors add shares of $ROOT stock to their portfolio, and 45 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SVB FINANCIAL GROUP removed 783,012 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $29,582,193
- DRIEHAUS CAPITAL MANAGEMENT LLC removed 177,378 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $6,701,340
- GMT CAPITAL CORP added 149,316 shares (+inf%) to their portfolio in Q3 2024, for an estimated $5,641,158
- MORGAN STANLEY removed 140,400 shares (-40.4%) from their portfolio in Q3 2024, for an estimated $5,304,312
- D. E. SHAW & CO., INC. removed 135,579 shares (-32.9%) from their portfolio in Q3 2024, for an estimated $5,122,174
- MARSHALL WACE, LLP added 93,699 shares (+47.3%) to their portfolio in Q3 2024, for an estimated $3,539,948
- CITADEL ADVISORS LLC added 92,594 shares (+92.4%) to their portfolio in Q3 2024, for an estimated $3,498,201
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
COLUMBUS, Ohio, Jan. 22, 2025 (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 and full year 2024 and provide an update on company operations on Wednesday, February 26, 2025 at 5:00 p.m. Eastern Time. The company plans to release fourth quarter and full year results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, February 26, 2024.
Webcast and Conference Call Details:
Date: February 26, 2025
Time: 5:00 p.m. Eastern Time
Participant Toll-Free Dial-In Number: 1 (877) 269-7751
Participant Toll Dial-In Number: 1 (201) 389-0908
Webcast:
https://ir.joinroot.com/news-events/events
A replay of the webcast will be made available for on-demand viewing after the call on the Investor Relations page of the Company’s website at ir.joinroot.com .
About Root, Inc.
Founded in 2015 and based in Columbus, Ohio, Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company. Root is revolutionizing insurance through data science and technology to provide consumers a personalized, easy, and fair experience. The Root app has more than 14 million app downloads and has collected nearly 30 billion miles of driving data to inform their insurance offerings.
For further information on Root, please visit
root.com
.
Contacts:
Media:
[email protected]
Investor Relations:
[email protected]
