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$ROOT

4 stories mentioning ROOTUpdated 32d ago

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Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

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Wire

Root, TheZebra.com Teaming Up for Auto Insurance Shopping Project

Root (ROOT) and TheZebra.com said Wednesday they are forming a technology partnership to support the auto insurance purchase process for consumers and agents.The partnership will integrate The Zebra's consumer marketplace and agent network with Root's coverage options and digital insurance platform, the companies said.Financial details were not provided.Price: $52.04, Change: $+0.45, Percent Change: +0.87%

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Research

Jefferies Downgrades Root to Hold From Buy, Adjusts Price Target to $58 From $78

Root (ROOT) has an average rating of hold and mean price target of $60.20, according to analysts polled by FactSet.

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Wire

Root, Freeway Insurance Collaborate to Expand Coverage Access

Root (ROOT) and Freeway Insurance said Thursday they formed a partnership to integrate Root's technology and insurance products into Freeway's marketplace.Clients can now purchase Roots products online, via call centers, or at local retail offices nationwide, the companies said.Shares of Root were down 1.3% in Thursday trading.Price: $54.74, Change: $-0.73, Percent Change: -1.32%

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Wire

Root, Carvana Surpass 200,000 Policies in Embedded Insurance Program

Root (ROOT) and Carvana (CVNA) said Tuesday they have exceeded 200,000 policies through their embedded auto insurance partnership.The product combines Root's data-driven underwriting with Carvana's online sales system to allow customers to obtain insurance at the point of sale.The companies said Root is the exclusive insurance provider for Carvana customers in 36 states where it operates, with coverage integrated into the vehicle purchase process on Carvana's platform.Price: $45.66, Change: $+0.08, Percent Change: +0.18%

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