Roadzen (NASDAQ:RDZN) Releases Earnings Results

Roadzen (NASDAQ:RDZN) announced its earnings results on Thursday. The company reported ($0.12) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $14.36 million for the quarter.

Roadzen Stock Performance

RDZN stock opened at $1.17 on Friday. The firm has a market cap of $92.65 million, a P/E ratio of -9.75 and a beta of 0.41. The firm’s fifty day moving average is $1.86 and its 200 day moving average is $1.45. Roadzen has a 52 week low of $0.68 and a 52 week high of $2.56.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Roadzen by 43.9% in the fourth 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 bought a new position in Roadzen during the 2nd quarter worth approximately $144,000. Qube Research & Technologies Ltd purchased a new position in Roadzen in the 2nd quarter worth approximately $78,000. Hudson Bay Capital Management LP bought a new stake in Roadzen in the fourth quarter valued at approximately $109,000. Finally, Jane Street Group LLC purchased a new stake in shares of Roadzen during the fourth quarter valued at approximately $102,000. 24.73% of the stock is owned by institutional investors.

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.