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

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

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Roadzen Stock Performance

Shares of NASDAQ:RDZN opened at $1.66 on Friday. The firm’s 50 day simple moving average is $1.63 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. The firm has a market cap of $132.30 million, a PE ratio of -8.30 and a beta of 1.15.

Institutional Trading of Roadzen

A number of hedge funds have recently added to or reduced their stakes in RDZN. Goldman Sachs Group Inc. increased its position in Roadzen by 26.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 144,213 shares of the company’s stock valued at $150,000 after purchasing an additional 30,305 shares during the period. Marshall Wace LLP purchased a new stake in shares of Roadzen in the 2nd quarter worth approximately $144,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Roadzen in the 4th quarter worth approximately $112,000. Hudson Bay Capital Management LP bought a new position in shares of Roadzen during the fourth quarter valued at approximately $109,000. Finally, Jane Street Group LLC bought a new position in shares of Roadzen during the fourth quarter valued at approximately $102,000. 24.73% of the stock is owned by hedge funds and other institutional investors.

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.