Jim Cramer on Root: "You Got to Keep Looking at Something Else"

Root, Inc. (NASDAQ:ROOT) is one of the stocks Jim Cramer expressed thoughts on. When a caller asked for Cramer’s thoughts on the stock, he commented:

“No, you got to keep looking at something else. It’s not going to do it for you. It’s actually an expensive stock, even though it doesn’t look like it, because I don’t think all the earnings are going to come through. But you know what? You got to think about Lemonade. I’m not kidding.”

Root, Inc. (NASDAQ:ROOT) offers auto and renters insurance through its app, website, and other digital channels. During the lightning round of August 11 episode, a caller inquired about the company and the Mad Money host responded:

“I know Root… And by the way, Lemonade is the one that I’m looking at for, when it comes to insurance. Lemonade is your play. And by the way, I think Lemonade is disrupting the industry to the point where we’re seeing lower rates, possibly. I know that because we’re seeing a lot of insurance companies talk about lower rates, including Berkshire Hathaway.”

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Disclosure: None. This article is originally published at Insider Monkey.