Roadzen (NASDAQ:RDZN) Shares Down 1.7% – What’s Next?

Roadzen Inc. (NASDAQ:RDZN)’s share price was down 1.7% on Friday . The company traded as low as $2.28 and last traded at $2.37. Approximately 150,072 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 188,242 shares. The stock had previously closed at $2.41.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Roadzen in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Roadzen Price Performance

The business has a 50 day moving average of $1.69 and a 200 day moving average of $1.29. The firm has a market capitalization of $187.68 million, a price-to-earnings ratio of -19.75 and a beta of 0.41.

Roadzen (NASDAQ:RDZN) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $13.68 million for the quarter, compared to analyst estimates of $12.00 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ground Swell Capital LLC acquired a new stake in Roadzen in the 2nd quarter valued at $26,000. AQR Capital Management LLC lifted its holdings in shares of Roadzen by 51.7% during the first quarter. AQR Capital Management LLC now owns 40,559 shares of the company’s stock valued at $42,000 after acquiring an additional 13,830 shares during the period. Nuveen LLC bought a new position in shares of Roadzen during the first quarter valued at $51,000. Bank of America Corp DE boosted its stake in shares of Roadzen by 263.3% in the 4th quarter. Bank of America Corp DE now owns 30,238 shares of the company’s stock valued at $66,000 after purchasing an additional 21,915 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Roadzen in the 2nd quarter worth about $78,000. 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.