Roadzen (NASDAQ:RDZN) Rating Lowered to Sell at Wall Street Zen

Roadzen (NASDAQ:RDZN) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

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

Roadzen Stock Up 3.1%

Shares of RDZN stock opened at $1.33 on Friday. The business’s fifty day moving average is $1.82 and its 200 day moving average is $1.45. The stock has a market cap of $106.00 million, a price-to-earnings ratio of -6.65 and a beta of 0.41. Roadzen has a twelve month low of $0.68 and a twelve month high of $2.56.

Roadzen (NASDAQ:RDZN) last announced its earnings results on Thursday, February 12th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $14.36 million for the quarter.

Hedge Funds Weigh In On Roadzen

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its holdings 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 worth $42,000 after buying an additional 13,830 shares during the last quarter. Bank of America Corp DE raised its position in Roadzen by 263.3% in the fourth 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 period. Qube Research & Technologies Ltd purchased a new position in shares of Roadzen during the 2nd quarter worth $78,000. Jane Street Group LLC bought a new stake in shares of Roadzen during the 4th quarter valued at $102,000. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Roadzen during the 4th quarter valued at $109,000. Institutional investors own 24.73% of the company’s stock.

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.