Roadzen (NASDAQ:RDZN) Issues Earnings Results

Roadzen (NASDAQ:RDZN) posted its earnings results on Thursday. The company reported ($0.12) EPS for the quarter, missing the consensus estimate 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 Stock Up 3.0%

Shares of NASDAQ:RDZN traded up $0.04 during trading on Thursday, reaching $1.38. The stock had a trading volume of 252,389 shares, compared to its average volume of 397,716. The stock has a fifty day simple moving average of $1.37 and a two-hundred day simple moving average of $1.42. Roadzen has a 52 week low of $0.81 and a 52 week high of $2.56. The firm has a market capitalization of $116.69 million, a price-to-earnings ratio of -4.76 and a beta of 1.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Roadzen by 263.3% during the 4th quarter. Bank of America Corp DE now owns 30,238 shares of the company’s stock worth $66,000 after acquiring an additional 21,915 shares during the last quarter. AQR Capital Management LLC grew its position 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 valued at $42,000 after purchasing an additional 13,830 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Roadzen in the fourth quarter valued at about $102,000. Hudson Bay Capital Management LP bought a new position in shares of Roadzen in the fourth quarter worth about $109,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Roadzen during the 4th quarter worth about $112,000. 24.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Roadzen in a report on Friday, July 17th. Zacks Research raised shares of Roadzen to a “hold” rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen upgraded Roadzen from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. 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.com, the stock 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.