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

Roadzen (NASDAQ:RDZN) issued its quarterly earnings results on Monday. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03), Zacks reports. The firm had revenue of $16.12 million during the quarter, compared to analysts’ expectations of $15.30 million.

Roadzen Price Performance

Roadzen stock opened at $1.46 on Wednesday. Roadzen has a one year low of $0.81 and a one year high of $2.56. The business’s fifty day moving average is $1.68 and its 200 day moving average is $1.59. The stock has a market capitalization of $116.36 million, a PE ratio of -5.03 and a beta of 1.15.

Analyst Ratings Changes

Several brokerages recently commented on RDZN. Wall Street Zen downgraded shares of Roadzen from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Roadzen in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in Roadzen by 43.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 176,026 shares of the company’s stock valued at $424,000 after buying an additional 53,694 shares during the last quarter. Marshall Wace LLP purchased a new position in Roadzen in the second quarter worth about $144,000. Qube Research & Technologies Ltd bought a new stake in shares of Roadzen during the 2nd quarter valued at about $78,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Roadzen during the 4th quarter valued at about $112,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Roadzen during the 4th quarter valued at about $109,000. 24.73% of the stock is 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.