UPDATE: JMP Securities Starts Root, Inc. (DOMA) at Market Outperform

August 2, 2021 1:47 AM EDT
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Price: $7.99 +0.13%

Rating Summary:
    3 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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(Updated - August 2, 2021 4:21 AM EDT)

JMP Securities analyst Matthew Carletti initiates coverage on Root, Inc. (NYSE: DOMA) with a Market Outperform rating and a price target of $14.00.

The analyst comments "Doma is disrupting a large ($23 bln), antiquated market by developing industry-leading modern technology to compete with large incumbents using decades-old, highly-manual processes. Having only launched in 2018, Doma has already developed significant relationships with a number of the nation’s largest home lenders (Chase, Wells, and PennyMac, to name just a few), and we believe it has significant runway for strong growth for years to come."

For an analyst ratings summary and ratings history on Root, Inc. click here. For more ratings news on Root, Inc. click here.

Shares of Root, Inc. closed at $6.84 yesterday.

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