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

Roadzen (NASDAQ:RDZN) posted its quarterly earnings results 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. The company had revenue of $16.12 million for the quarter, compared to analysts’ expectations of $15.30 million.

Roadzen Stock Down 5.2%

NASDAQ:RDZN opened at $1.46 on Wednesday. Roadzen has a 52 week low of $0.81 and a 52 week high of $2.56. The company has a market capitalization of $116.36 million, a P/E ratio of -5.03 and a beta of 1.15. The stock’s fifty day moving average is $1.68 and its two-hundred day moving average is $1.59.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on RDZN shares. Weiss Ratings restated a “sell (e+)” rating on shares of Roadzen in a report 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, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Trading of Roadzen

Several institutional investors and hedge funds have recently bought and sold shares of RDZN. Bank of America Corp DE lifted 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 valued at $66,000 after buying an additional 21,915 shares during the last quarter. AQR Capital Management LLC raised its position in Roadzen by 51.7% in the first quarter. AQR Capital Management LLC now owns 40,559 shares of the company’s stock valued at $42,000 after purchasing an additional 13,830 shares during the period. Goldman Sachs Group Inc. lifted its stake in Roadzen by 26.6% during the first quarter. Goldman Sachs Group Inc. now owns 144,213 shares of the company’s stock worth $150,000 after purchasing an additional 30,305 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Roadzen during the second quarter worth $144,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Roadzen in the second quarter valued at $78,000. 24.73% of the stock is currently owned by hedge funds and other institutional investors.

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.