Roadzen (NASDAQ:RDZN) Cut to Sell at Wall Street Zen

Roadzen (NASDAQ:RDZN) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

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

Roadzen Trading Up 3.1%

Shares of NASDAQ:RDZN opened at $1.33 on Friday. The stock has a market cap of $105.32 million, a PE ratio of -6.65 and a beta of 0.41. The stock’s fifty day simple moving average is $1.82 and its two-hundred day simple moving average is $1.45. Roadzen has a 1-year low of $0.68 and a 1-year high of $2.56.

Roadzen (NASDAQ:RDZN) last posted its 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in shares of 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 during the last quarter. Bank of America Corp DE grew its holdings in Roadzen by 263.3% during the fourth quarter. Bank of America Corp DE now owns 30,238 shares of the company’s stock valued at $66,000 after purchasing an additional 21,915 shares during the period. Qube Research & Technologies Ltd bought a new position in Roadzen during the second quarter valued at $78,000. Jane Street Group LLC purchased a new stake in Roadzen in the fourth quarter worth $102,000. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Roadzen in the fourth quarter valued at $109,000. 24.73% of the stock is owned by 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.