Wall Street Zen downgraded Roadzen (NASDAQ:RDZN) from a “hold” to a “sell” rating, while Weiss Ratings reaffirmed a “sell (e+)” rating, resulting in a MarketBeat consensus rating of “Sell.” Roadzen shares opened at $1.33, with a market cap of $105.32 million, and the company reported a recent quarterly loss of $0.12 per share on $14.36 million in revenue. Despite some institutional investors increasing or initiating positions, institutional ownership remains modest at approximately 24.73%.
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Roadzen (NASDAQ:RDZN) Cut to Sell at Wall Street Zen
Wall Street Zen downgraded Roadzen (NASDAQ:RDZN) from a “hold” to a “sell” rating, while Weiss Ratings reaffirmed a “sell (e+)” rating, resulting in a MarketBeat consensus rating of “Sell.” Roadzen shares opened at $1.33, with a market cap of $105.32 million, and the company reported a recent quarterly loss of $0.12 per share on $14.36 million in revenue. Despite some institutional investors increasing or initiating positions, institutional ownership remains modest at approximately 24.73%.