Maxim Group Comments on Roadzen’s Q1 Earnings (NASDAQ:RDZN)

Roadzen Inc. (NASDAQ:RDZN) – Maxim Group decreased their Q1 2028 earnings per share (EPS) estimates for shares of Roadzen in a report released on Thursday, August 20th. Maxim Group analyst A. Klee now anticipates that the company will post earnings per share of ($0.01) for the quarter, down from their previous forecast of $0.01. The consensus estimate for Roadzen’s current full-year earnings is ($0.14) per share.

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

Roadzen Trading Up 0.3%

Roadzen stock opened at $1.55 on Monday. Roadzen has a 1-year low of $0.81 and a 1-year high of $2.56. The firm has a market capitalization of $132.44 million, a PE ratio of -4.32 and a beta of 1.21. The firm’s 50 day simple moving average is $1.34 and its 200 day simple moving average is $1.41.

Roadzen (NASDAQ:RDZN) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $16.19 million during the quarter, compared to analysts’ expectations of $16.05 million.

Institutional Investors Weigh In On Roadzen

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arete Wealth Advisors LLC bought a new stake in Roadzen during the first quarter valued at approximately $302,000. OMERS ADMINISTRATION Corp purchased a new stake in Roadzen during the fourth quarter valued at about $112,000. Hudson Bay Capital Management LP purchased a new stake in Roadzen during the fourth quarter valued at about $109,000. Jane Street Group LLC bought a new stake in Roadzen during the fourth quarter worth about $102,000. Finally, Goldman Sachs Group Inc. lifted its stake in Roadzen by 43.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 176,026 shares of the company’s stock worth $424,000 after purchasing an additional 53,694 shares during the last quarter. 24.73% of the stock is owned by hedge funds and other institutional investors.

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.