{"id":459291,"date":"2021-03-16T21:03:19","date_gmt":"2021-03-17T01:03:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=459291"},"modified":"2021-03-16T21:03:19","modified_gmt":"2021-03-17T01:03:19","slug":"root-alert-bragar-eagel-squire-p-c-is-investigating-root-inc-on-behalf-of-root-stockholders-and-encourages-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/root-alert-bragar-eagel-squire-p-c-is-investigating-root-inc-on-behalf-of-root-stockholders-and-encourages-investors-to-contact-the-firm\/","title":{"rendered":"ROOT ALERT: Bragar Eagel & Squire, P.C. is Investigating Root, Inc. on Behalf of Root Stockholders and Encourages Investors to Contact the Firm"},"content":{"rendered":"

<\/p>\n

ROOT ALERT: Bragar Eagel & Squire, P.C. is Investigating Root, Inc. on Behalf of Root Stockholders and Encourages Investors to Contact the Firm<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nBragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Root, Inc. (NASDAQ: ROOT) on behalf of Root stockholders. Our investigation concerns whether Root has violated the federal securities laws and\/or engaged in other unlawful business practices.\n<\/p>\n

\nClick here<\/a> to participate in the action.\n<\/p>\n

\nOn or around October 27, 2020, Root conducted its initial public offering (\u201cIPO\u201d), selling 26.8 million shares of common stock priced at $27.00 per share. Then, on March 9, 2021, BofA Securities analyst Joshua Shanker initiated coverage of Root with an \u201cUnderperform\u201d rating on the premise that the Company is unlikely to be cash flow positive until 2027, finding that Root \u201cwill require not insignificant cash infusions from the capital markets to bridge its cash flow needs.\u201d\n<\/p>\n

\nOn this news, Root’s stock price fell $0.18 per share, or 1.46%, to close at $12.17 per share on March 9, 2021, representing a total decline of 54.93% from the offering price.\n<\/p>\n

\nIf you purchased or otherwise acquired Root shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com<\/a>, telephone at (212) 355-4648, or by filling out this contact form<\/a>. There is no cost or obligation to you.\n<\/p>\n

About Bragar Eagel & Squire, P.C.:<\/b><\/p>\n

\nBragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com<\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210316005953\/en\/<\/a><\/span><\/p>\n

\nBragar Eagel & Squire, P.C.
\n
Brandon Walker, Esq.
\n
Melissa Fortunato, Esq.
\n
Marion Passmore, Esq.
\n
(212) 355-4648
\n
investigations@bespc.com
\n<\/a>
www.bespc.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

ROOT ALERT: Bragar Eagel & Squire, P.C. is Investigating Root, Inc. on Behalf of Root Stockholders and Encourages Investors to Contact the Firm NEW YORK–(BUSINESS WIRE)– Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Root, Inc. (NASDAQ: ROOT) on behalf of Root stockholders. Our investigation concerns whether Root has violated the federal securities laws and\/or engaged in other unlawful business practices. Click here to participate in the action. On or around October 27, 2020, Root conducted its initial public offering (\u201cIPO\u201d), selling 26.8 million shares of common stock priced at $27.00 per share. Then, on March 9, 2021, BofA Securities analyst Joshua Shanker initiated coverage of Root with an \u201cUnderperform\u201d rating … <\/p>\n

Continue reading “ROOT ALERT: Bragar Eagel & Squire, P.C. is Investigating Root, Inc. on Behalf of Root Stockholders and Encourages Investors to Contact the Firm”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-459291","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nROOT ALERT: Bragar Eagel & Squire, P.C. is Investigating Root, Inc. on Behalf of Root Stockholders and Encourages Investors to Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/root-alert-bragar-eagel-squire-p-c-is-investigating-root-inc-on-behalf-of-root-stockholders-and-encourages-investors-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROOT ALERT: Bragar Eagel & Squire, P.C. is Investigating Root, Inc. on Behalf of Root Stockholders and Encourages Investors to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ROOT ALERT: Bragar Eagel & Squire, P.C. is Investigating Root, Inc. on Behalf of Root Stockholders and Encourages Investors to Contact the Firm NEW YORK–(BUSINESS WIRE)– Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Root, Inc. (NASDAQ: ROOT) on behalf of Root stockholders. Our investigation concerns whether Root has violated the federal securities laws and\/or engaged in other unlawful business practices. Click here to participate in the action. On or around October 27, 2020, Root conducted its initial public offering (\u201cIPO\u201d), selling 26.8 million shares of common stock priced at $27.00 per share. 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