🔴 ROOT is trading 5% down today after Jefferies downgraded shares to Hold

ROOT is trading at $48.95, down 5.13%, after Jefferies downgraded the stock from Buy to Hold, citing competitive pressures.

• Price target reduced from $78 to $58.
• The action followed ROOT’s recent second-quarter revenue miss, intensifying concerns about its growth outlook; it was reported August 11 and updated August 12, 2026.
• Broader markets were modestly higher on August 12, indicating the decline was primarily company-specific.