Roadzen (NASDAQ:RDZN) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Roadzen (NASDAQ:RDZN) posted its quarterly earnings data on Monday. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03), Zacks reports.

Roadzen Trading Down 4.3%

Shares of NASDAQ RDZN opened at $1.53 on Monday. The stock has a market cap of $122.02 million, a P/E ratio of -7.75 and a beta of 1.15. Roadzen has a twelve month low of $0.81 and a twelve month high of $2.56. The stock has a 50 day moving average of $1.67 and a two-hundred day moving average of $1.60.

Analysts Set New Price Targets

RDZN has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roadzen in a research note on Tuesday, April 21st. Wall Street Zen downgraded Roadzen from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of Roadzen

A number of large investors have recently bought and sold shares of RDZN. Bank of America Corp DE raised its holdings in shares of Roadzen by 263.3% in 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. AQR Capital Management LLC lifted its position in Roadzen by 51.7% during the 1st quarter. AQR Capital Management LLC now owns 40,559 shares of the company’s stock worth $42,000 after acquiring an additional 13,830 shares during the period. Goldman Sachs Group Inc. grew its position in Roadzen by 26.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 144,213 shares of the company’s stock valued at $150,000 after buying an additional 30,305 shares during the last quarter. Marshall Wace LLP purchased a new position in Roadzen during the 2nd quarter worth $144,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Roadzen in the 2nd quarter worth $78,000. Institutional investors and hedge funds 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.