Roadzen (NASDAQ:RDZN) Announces Quarterly Earnings Results

by · The Markets Daily

Roadzen (NASDAQ:RDZN – Get Free Report) released its earnings results on Thursday. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01, Zacks reports. The firm had revenue of $16.19 million for the quarter, compared to the consensus estimate of $16.05 million.

Roadzen Stock Up 3.6%

RDZN stock traded up $0.05 during mid-day trading on Friday, reaching $1.43. The company had a trading volume of 363,947 shares, compared to its average volume of 260,514. Roadzen has a one year low of $0.81 and a one year high of $2.56. The stock has a market capitalization of $120.93 million, a P/E ratio of -3.97 and a beta of 1.21. The stock’s 50-day simple moving average is $1.35 and its two-hundred day simple moving average is $1.42.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RDZN. Zacks Research raised Roadzen to a “hold” rating in a research report on Thursday, July 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Roadzen in a report on Friday, July 17th. Finally, Wall Street Zen raised shares of Roadzen from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

View Our Latest Analysis on Roadzen

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of 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 purchasing an additional 21,915 shares during the period. AQR Capital Management LLC grew its holdings in Roadzen by 51.7% in the 1st 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 in the last quarter. Jane Street Group LLC acquired a new stake in Roadzen in the 4th quarter valued at approximately $102,000. Hudson Bay Capital Management LP bought a new stake in Roadzen during the 4th quarter valued at $109,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Roadzen during the 4th quarter worth $112,000. 24.73% of the stock is owned by institutional investors and hedge funds.

About Roadzen

(Get Free Report)

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.

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