Root shares soar 20%+ as CEO Timm lauds “excellent” Q1 and analysts raise targets

Shares in Root were up over 20 percent on Wednesday morning after the insurtech reported its first ever operating profit, while management expressed confidence about continued growth and equity analysts increased their price targets following the exit of a turnaround phase.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@thomsonreuters.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com