Roadzen (NASDAQ:RDZN) Announces Quarterly Earnings Results

Roadzen (NASDAQ:RDZN) released its earnings results on Thursday. The company reported ($0.12) earnings per share (EPS) for the quarter, Zacks reports.

Roadzen Stock Performance

Roadzen stock opened at $1.43 on Friday. Roadzen has a 52 week low of $0.68 and a 52 week high of $2.56. The firm has a market capitalization of $113.24 million, a price-to-earnings ratio of -11.92 and a beta of 0.41. The company has a 50 day moving average price of $1.87 and a 200 day moving average price of $1.45.

Institutional Trading of Roadzen

Several hedge funds and other institutional investors have recently modified their holdings of RDZN. Bank of America Corp DE raised its position in Roadzen by 263.3% during 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 period. AQR Capital Management LLC grew its stake in Roadzen by 51.7% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Roadzen by 26.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 144,213 shares of the company’s stock valued at $150,000 after purchasing an additional 30,305 shares during the period. Marshall Wace LLP purchased a new stake in shares of Roadzen in the second quarter worth approximately $144,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Roadzen during the second quarter worth approximately $78,000. Institutional investors and hedge funds own 24.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.