Roadzen (NASDAQ:RDZN) Lowered to Sell Rating by Wall Street Zen

Roadzen (NASDAQ:RDZN) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

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

Roadzen Stock Up 3.1%

Shares of NASDAQ:RDZN opened at $1.33 on Friday. The firm has a market capitalization of $105.32 million, a PE ratio of -6.65 and a beta of 0.41. The company has a 50-day moving average price of $1.82 and a two-hundred day moving average price of $1.45. Roadzen has a twelve month low of $0.68 and a twelve month high of $2.56.

Roadzen (NASDAQ:RDZN) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $14.36 million for the quarter.

Institutional Trading of Roadzen

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prospera Financial Services Inc purchased a new stake in Roadzen in the 2nd quarter worth approximately $171,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Roadzen during the 2nd quarter valued at $159,000. Marshall Wace LLP bought a new position in shares of Roadzen in the second quarter worth $144,000. Qube Research & Technologies Ltd purchased a new stake in shares of Roadzen in the second quarter worth $78,000. Finally, Goldman Sachs Group Inc. boosted its stake in Roadzen by 43.9% during the fourth 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 period. Institutional investors own 24.73% of the company’s stock.

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.