Roadzen (NASDAQ:RDZN) Shares Up 6.1% – Should You Buy?

Roadzen Inc. (NASDAQ:RDZN)’s stock price was up 6.1% during trading on Monday . The company traded as high as $1.26 and last traded at $1.22. 224,744 shares changed hands during trading, a decline of 39% from the average daily volume of 369,666 shares. The stock had previously closed at $1.15.

Wall Street Analyst Weigh In

RDZN has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roadzen in a research note on Friday, July 17th. Wall Street Zen raised Roadzen from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Zacks Research upgraded Roadzen to a “hold” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Roadzen currently has a consensus rating of “Reduce”.

Roadzen Trading Up 3.3%

The company has a market capitalization of $107.39 million, a P/E ratio of -4.38 and a beta of 1.21. The firm’s 50 day moving average price is $1.44 and its two-hundred day moving average price is $1.45.

Roadzen (NASDAQ:RDZN) last announced its quarterly earnings data on Monday, June 29th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The firm had revenue of $16.12 million for the quarter, compared to analyst estimates of $15.30 million. Analysts anticipate that Roadzen Inc. will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roadzen

Several hedge funds have recently modified their holdings of RDZN. Arete Wealth Advisors LLC acquired a new stake in shares of Roadzen in the first quarter valued at about $302,000. Marshall Wace LLP bought a new stake in Roadzen during the second quarter worth about $144,000. Qube Research & Technologies Ltd acquired a new position in Roadzen during the second quarter valued at approximately $78,000. Goldman Sachs Group Inc. boosted its position in Roadzen by 43.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 176,026 shares of the company’s stock valued at $424,000 after purchasing an additional 53,694 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in Roadzen in the fourth quarter valued at approximately $112,000. Institutional investors own 24.73% of the company’s stock.

Roadzen Company Profile

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.