Roadzen (NASDAQ:RDZN) Announces Quarterly Earnings Results

Roadzen (NASDAQ:RDZN) posted its quarterly earnings data on Thursday. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06), FiscalAI reports. The business had revenue of $16.19 million for the quarter, compared to the consensus estimate of $16.05 million.

Roadzen Trading Up 3.0%

NASDAQ RDZN traded up $0.04 during trading on Thursday, reaching $1.38. 252,389 shares of the company’s stock were exchanged, compared to its average volume of 397,716. Roadzen has a fifty-two week low of $0.81 and a fifty-two week high of $2.56. The company’s fifty day simple moving average is $1.37 and its 200-day simple moving average is $1.42. The firm has a market capitalization of $116.69 million, a PE ratio of -4.76 and a beta of 1.21.

Institutional Trading of Roadzen

A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in shares of Roadzen by 51.7% during the first quarter. AQR Capital Management LLC now owns 40,559 shares of the company’s stock worth $42,000 after acquiring an additional 13,830 shares in the last quarter. Bank of America Corp DE grew its stake in Roadzen by 263.3% in the fourth quarter. Bank of America Corp DE now owns 30,238 shares of the company’s stock valued at $66,000 after purchasing an additional 21,915 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Roadzen by 26.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 144,213 shares of the company’s stock worth $150,000 after purchasing an additional 30,305 shares during the last quarter. Jane Street Group LLC acquired a new position in Roadzen in the 4th quarter worth about $102,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Roadzen during the 4th quarter worth about $109,000. 24.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on RDZN. Zacks Research upgraded shares of Roadzen to a “hold” rating in a report on Thursday, July 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roadzen in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Roadzen from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Roadzen presently has an average rating of “Reduce”.

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.