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

Roadzen (NASDAQ:RDZN) released its quarterly earnings results on Monday. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03), Zacks reports.

Roadzen Price Performance

Shares of RDZN stock opened at $1.51 on Monday. The stock has a market capitalization of $120.59 million, a PE ratio of -7.52 and a beta of 1.15. The business’s 50 day simple moving average is $1.67 and its 200 day simple moving average is $1.60. Roadzen has a one year low of $0.81 and a one year high of $2.56.

Institutional Investors Weigh In On Roadzen

Hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its position in Roadzen by 51.7% in the 1st 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. Bank of America Corp DE lifted 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 buying an additional 21,915 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Roadzen in the second quarter valued at $78,000. Jane Street Group LLC acquired a new position in shares of Roadzen during the fourth quarter valued at about $102,000. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Roadzen during the fourth quarter valued at about $109,000. 24.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roadzen in a report on Tuesday, April 21st. Wall Street Zen cut 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, the company presently has a consensus rating of “Sell”.

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.