Roadzen (NASDAQ:RDZN) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of Roadzen (NASDAQ:RDZN) from a hold rating to a sell rating in a report published on Saturday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Roadzen in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Roadzen Price Performance

Shares of RDZN opened at $1.33 on Friday. The firm has a market capitalization of $105.32 million, a P/E ratio of -6.65 and a beta of 0.41. Roadzen has a one year low of $0.68 and a one year high of $2.56. The business has a fifty day moving average of $1.82 and a 200 day moving average of $1.45.

Roadzen (NASDAQ:RDZN) last posted its earnings results on Thursday, February 12th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $14.36 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in Roadzen by 43.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 176,026 shares of the company’s stock worth $424,000 after acquiring an additional 53,694 shares in the last quarter. Prospera Financial Services Inc bought a new position in shares of Roadzen in the second quarter worth approximately $171,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Roadzen in the second quarter worth $159,000. Marshall Wace LLP purchased a new stake in shares of Roadzen in the second quarter worth $144,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Roadzen during the 2nd quarter valued at $78,000. 24.73% of the stock is currently owned by institutional investors.

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.