openPR Logo
Press release

Investigation announced for Investors in shares of Root, Inc. (NASDAQ: ROOT)

03-17-2021 08:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Root, Inc. (NASDAQ: ROOT) shares over potential securities laws violations by Root, Inc.

An investigation for investors in Root, Inc. (NASDAQ: ROOT) shares over potential securities laws violations by Root, Inc.

An investigation was announced concerning potential securities laws violations by Root, Inc. in connection with certain financial statements.

Investors who purchased shares of Root, Inc. (NASDAQ: ROOT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Root, Inc. (NASDAQ: ROOT) concerning whether a series of statements by Root, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Columbus, OH based Root, Inc. provides insurance products and services in the United States.

On or around October 27, 2020, Root, Inc. (NASDAQ: ROOT) conducted its initial public offering ("IPO"), selling 26.8 million shares of common stock priced at $27.00 per share.

Root, Inc. reported that its annual Total Revenue rose from $290.2 million in 2019 to $346.8 million in 2020, and that its Net Loss increased from $260.1 million in 2019 to $363 million in 2020.

On March 9, 2021, BofA Securities analyst Joshua Shanker initiated coverage of Root, Inc. (NASDAQ: ROOT) with an "Underperform" rating on the premise that the Company is unlikely to be cash flow positive until 2027, finding that Root, Inc. "will require not insignificant cash infusions from the capital markets to bridge its cash flow needs."

Shares of Root, Inc. (NASDAQ: ROOT) declined to as low as $10.88 per share on March 15, 2021.

Those who purchased shares of Root, Inc. (NASDAQ: ROOT) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Investigation announced for Investors in shares of Root, Inc. (NASDAQ: ROOT) here

News-ID: 2258117 • Views: 840

More Releases from Shareholders Foundation

Investigation announced for Long-Term Investors in Fulgent Genetics, Inc. (NASDA …
An investigation was announced for long-term investors in shares of Fulgent Genetics, Inc. (NASDAQ: FLGT) concerning potential breaches of fiduciary duties by certain directorsofficers of Fulgent Genetics, Inc. Investors who are current long term investors in Fulgent Genetics, Inc. (NASDAQ: FLGT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in
Investors who lost money with shares of Genius Sports Limited (NYSE: GENI) shoul …
An investigation was announced for investors of Genius Sports Limited (NYSE: GENI) shares over potential securities laws violations by Genius Sports Limited f.k.a. dMY Technology Group, Inc. II. Investors who purchased shares of Genius Sports Limited (NYSE: GENI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities
Deadline on Feb. 6th coming up in Lawsuit for Investors in Veru Inc. (NASDAQ: VE …
A deadline is coming up on February 6, 2023 in the lawsuit filed for certain investors of Veru Inc. (NASDAQ: VERU) over alleged securities laws violations by Veru Inc. Investors who purchased shares of Veru Inc. (NASDAQ: VERU) have certain options and there are strict and short deadlines running. Deadline: February 6, 2023. NASDAQ: VERU stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. According to the
Investigation announced for Investors in shares of Surmodics, Inc. (NASDAQ: SRDX …
An investigation was announced over potential securities laws violations by Surmodics, Inc. in connection with certain financial statements. Investors who purchased shares of Surmodics, Inc. (NASDAQ: SRDX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Surmodics, Inc. (NASDAQ: SRDX) concerning whether a series of statements

All 5 Releases


More Releases for Root

Investigation announced for Long-Term Investors in shares of Root, Inc. (NASDAQ: …
An investigation on behalf of current long-term investors in shares of Root, Inc. (NASDAQ: ROOT) concerning potential breaches of fiduciary duties by certain directors and officers of Root, Inc. was announced. Investors who are current long term investors in Root, Inc. (NASDAQ: ROOT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term
Deadline on May 18th coming up in Lawsuit for Investors in Root, Inc. (NASDAQ: R …
A deadline is coming up on May 18, 2021 in the lawsuit filed for certain investors of Root, Inc. (NASDAQ: ROOT). Investors who purchased shares of Root, Inc. (NASDAQ: ROOT) have certain options and there are strict and short deadlines running. Deadline: May 18, 2021. NASDAQ: ROOT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. According to the complaint filed in the U.S. District Court for
Lawsuit filed for Investors in shares of Root, Inc. (NASDAQ: ROOT) over alleged …
An investor, who purchased shares of Root, Inc. (NASDAQ: ROOT), filed a lawsuit over alleged violations of Federal Securities Laws by Root, Inc. Investors who purchased shares of Root, Inc. (NASDAQ: ROOT) have certain options and for certain investors are short and strict deadlines running. Deadline: May 18, 2021. NASDAQ: ROOT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. Columbus, OH based Root, Inc. provides insurance
Root Cause Analysis
Root cause analysis, also known as RCA is an approach used to break down significant problem before trying to solve them, by which the main root cause of the problem is isolated and identified. A root cause is characterized as a factor which by evacuation would keep the event of the unfriendly occasion, different components that influence the result ought not be considered as main drivers. Learn More about Root Cause
Global Yam Root Powders (Yam Root Extract) Market Share & Growth Research Report …
Market Research Hub (MRH) has recently broadcasted a new study to its broad research portfolio, which is titled as “Global Yam Root Powders (Yam Root Extract) Market Research Report 2017”, is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions,
Global Root & bulb Vegetable Seed Market 2017 By Types- Lotus Root, Radish, Bamb …
The market study on Global Root & bulb Vegetable Seed Market Research Report studies current as well as future aspects of the Root & bulb Vegetable Seed Market primarily based upon factors on which the companies compete in the market, key trends and segmentation analysis. This report covers each side of the worldwide market, ranging from the fundamental market info and advancing more to varied important criteria, based on that,