Roadzen (NASDAQ:RDZN) Upgraded by Wall Street Zen to Hold Rating

Roadzen (NASDAQ:RDZN) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Roadzen in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Roadzen Stock Up 0.5%

RDZN opened at $1.88 on Friday. Roadzen has a 12 month low of $0.81 and a 12 month high of $2.56. The company has a fifty day simple moving average of $1.46 and a 200 day simple moving average of $1.58. The stock has a market cap of $149.84 million, a P/E ratio of -9.40 and a beta of 1.24.

Insider Activity at Roadzen

In other news, insider Rohan Malhotra acquired 19,085 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average price of $1.37 per share, for a total transaction of $26,146.45. Following the transaction, the insider directly owned 849,642 shares in the company, valued at approximately $1,164,009.54. This represents a 2.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 29.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Roadzen

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in Roadzen by 263.3% during the 4th quarter. Bank of America Corp DE now owns 30,238 shares of the company’s stock worth $66,000 after purchasing an additional 21,915 shares in the last quarter. AQR Capital Management LLC increased its holdings in Roadzen by 51.7% during the 1st quarter. AQR Capital Management LLC now owns 40,559 shares of the company’s stock worth $42,000 after purchasing an additional 13,830 shares in the last quarter. Jane Street Group LLC bought a new position in Roadzen during the 4th quarter worth about $102,000. Hudson Bay Capital Management LP bought a new position in Roadzen during the 4th quarter worth about $109,000. Finally, OMERS ADMINISTRATION Corp bought a new position in Roadzen during the 4th quarter worth about $112,000. Institutional investors own 24.73% of the company’s stock.

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.