Roadzen (NASDAQ:RDZN) Releases Quarterly Earnings Results

Roadzen (NASDAQ:RDZN) released its quarterly earnings results on Thursday. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06), FiscalAI reports. The firm had revenue of $16.19 million for the quarter, compared to analyst estimates of $16.05 million.

Roadzen Trading Up 3.0%

Shares of NASDAQ RDZN traded up $0.04 during midday trading on Thursday, reaching $1.38. The company had a trading volume of 273,216 shares, compared to its average volume of 397,823. Roadzen has a 1 year low of $0.81 and a 1 year high of $2.56. The business’s 50-day simple moving average is $1.36 and its 200 day simple moving average is $1.42. The stock has a market cap of $116.69 million, a P/E ratio of -4.76 and a beta of 1.21.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in Roadzen by 43.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 176,026 shares of the company’s stock worth $424,000 after buying an additional 53,694 shares during the period. Marshall Wace LLP purchased a new stake in shares of Roadzen in the 2nd quarter valued at $144,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Roadzen in the fourth quarter worth $112,000. Hudson Bay Capital Management LP purchased a new position in shares of Roadzen during the fourth quarter worth $109,000. Finally, Jane Street Group LLC acquired a new position in Roadzen during the fourth quarter valued at $102,000. 24.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RDZN shares. Zacks Research raised shares of Roadzen to a “hold” rating in a research report on Thursday, July 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roadzen in a research report on Friday, July 17th. Finally, Wall Street Zen upgraded Roadzen from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

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.