Roadzen (NASDAQ:RDZN) Issues Earnings Results

Roadzen (NASDAQ:RDZN) announced its earnings results on Thursday. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01, Zacks reports. The firm had revenue of $16.19 million during the quarter, compared to the consensus estimate of $16.05 million.

Roadzen Stock Up 5.4%

Shares of RDZN traded up $0.07 during mid-day trading on Friday, hitting $1.46. 135,632 shares of the company traded hands, compared to its average volume of 396,180. The company has a market capitalization of $123.03 million, a PE ratio of -5.03 and a beta of 1.21. The business has a 50 day moving average of $1.36 and a 200 day moving average of $1.42. Roadzen has a 1-year low of $0.81 and a 1-year high of $2.56.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Roadzen from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Zacks Research upgraded shares of Roadzen to a “hold” rating in a research note on Thursday, July 2nd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roadzen in a report on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Institutional Trading of Roadzen

Several large investors have recently bought and sold shares of RDZN. AQR Capital Management LLC raised its holdings in shares of Roadzen by 51.7% in the first quarter. AQR Capital Management LLC now owns 40,559 shares of the company’s stock worth $42,000 after buying an additional 13,830 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Roadzen by 263.3% during the fourth quarter. Bank of America Corp DE now owns 30,238 shares of the company’s stock valued at $66,000 after buying an additional 21,915 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Roadzen in the 2nd quarter valued at $78,000. Jane Street Group LLC acquired a new position in shares of Roadzen in the 4th quarter valued at $102,000. Finally, Hudson Bay Capital Management LP purchased a new position in Roadzen in the 4th quarter worth $109,000. Hedge funds and other 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.