Roadzen (NASDAQ:RDZN) Announces Earnings Results, Misses Estimates By $0.03 EPS

Roadzen (NASDAQ:RDZN) released its quarterly earnings data on Monday. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03), Zacks reports.

Roadzen Stock Down 4.3%

RDZN opened at $1.53 on Monday. The company has a market cap of $122.02 million, a price-to-earnings ratio of -7.75 and a beta of 1.15. Roadzen has a 52-week low of $0.81 and a 52-week high of $2.56. The firm’s fifty day simple moving average is $1.67 and its two-hundred day simple moving average is $1.60.

Hedge Funds Weigh In On Roadzen

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in shares of Roadzen by 43.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 176,026 shares of the company’s stock worth $424,000 after buying an additional 53,694 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Roadzen during the 2nd quarter worth $144,000. Qube Research & Technologies Ltd purchased a new position in Roadzen during the second quarter worth about $78,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Roadzen in the 4th quarter valued at approximately $112,000. Finally, Hudson Bay Capital Management LP purchased a new position in Roadzen in the fourth quarter worth approximately $109,000. Hedge funds and other institutional investors own 24.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen downgraded Roadzen from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Roadzen in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About Roadzen

Roadzen (NASDAQ:RDZN) is a global technology provider specializing in AI-driven telematics, data analytics and risk management solutions for the automotive and insurance industries. The company’s core offerings include usage-based insurance (UBI) platforms, driver behavior analytics tools and predictive risk modeling services. By leveraging machine learning algorithms, telematics data and mobile connectivity, Roadzen enables insurers and fleet operators to optimize underwriting processes and enhance policyholder engagement through personalized pricing and proactive risk mitigation.

Founded in 2015 and headquartered in Singapore, Roadzen has established regional operations and development centers in India and other key markets across Asia-Pacific and Latin America.