Maxim Group initiated coverage of Roadzen with a rating of Buy and set a new price target of $10.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/23/2024 | $10.00 | Buy | Maxim Group |
4 - Roadzen Inc. (0001868640) (Issuer)
4 - Roadzen Inc. (0001868640) (Issuer)
4 - Roadzen Inc. (0001868640) (Issuer)
Improving Fiscal Q2 and Record Six-Month RevenueRevenue increased 25.9% quarter-over-quarter and 15.2% year-over-year to $13.7 million; six-month revenue rose 18.0% to $24.5 million, reporting a record first half and best quarter in the last 12 months. Sharply Reduced Net Loss and Fifth Straight Quarter of Adjusted EBITDA1 ImprovementQ2 net loss narrowed to $(2.1) million from $(21.8) million the same quarter last year, a 90.3% year-over-year improvement. Adjusted EBITDA loss improved to $(1.1) million from $(2.1) million from the prior year quarter — a 48.6% year-over-year improvement. Balance Sheet Strengthened Through Premium Capital RaisesOver $9 million in additional capital was r
NEW YORK, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ:RDZN) ("Roadzen" or the "Company"), a global leader in AI at the intersection of insurance and mobility, today announced that it has reached an agreement in principle with Mizuho Securities USA LLC ("Mizuho"), a leading global investment bank and securities firm, to extend the maturity date of the Company's existing senior secured notes. Under the terms of the extension, the maturity of Roadzen's $11.5 million senior secured notes will be extended by 18 months - from December 31, 2025 to June 30, 2027 - with no other change to the structure. The extension provides Roadzen with enhanced financial flexibility to support its gl
NEW YORK, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ:RDZN), a global leader in AI at the intersection of insurance and mobility, today announced that it has signed a definitive agreement to acquire majority control of a commercial auto insurance broker and managing general underwriter (MGU) operating across several U.S. states. The acquisition is scheduled to close within this quarter, subject to customary closing conditions. The MGU is licensed to operate as an insurance broker across California, Texas, Illinois, and New Jersey, and serves small and mid-sized fleets through an expanding national network of agencies and producers. It also maintains Lloyd's of London Coverholde
4 - Roadzen Inc. (0001868640) (Issuer)
4 - Roadzen Inc. (0001868640) (Issuer)
4 - Roadzen Inc. (0001868640) (Issuer)
Maxim Group initiated coverage of Roadzen with a rating of Buy and set a new price target of $10.00
8-K - Roadzen Inc. (0001868640) (Filer)
10-Q - Roadzen Inc. (0001868640) (Filer)
8-K - Roadzen Inc. (0001868640) (Filer)
SC 13G/A - Roadzen Inc. (0001868640) (Subject)
SC 13G/A - Roadzen Inc. (0001868640) (Subject)
SC 13G/A - Roadzen Inc. (0001868640) (Subject)
NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ:RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced that the Company is set to be added to the Russell 2000, Russell 3000, and Russell Microcap Indexes as part of the annual reconstitution of the Russell stock indexes, effective at the US market open on Monday, July 1, 2024. A preliminary list of Russell 3000 Index additions, including Roadzen, was posted by FTSE Russell on May 24, 2024. Rohan Malhotra, founder and CEO, commented, "We are delighted to be included in the prestigious Russell indexes during our first year as a Nasdaq-listed company. The inclusio
NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global leader in AI-led insurance and mobility products, is excited to announce the appointment of Bruce Goldberg as General Counsel. With over three decades of executive experience overseeing legal, compliance, M&A, and HR in several public technology companies, Bruce brings a wealth of knowledge and a proven track record of success in scaling legal operations. His leadership will play an integral role in steering Roadzen through future opportunities, ensuring that the company's legal strategies support its growth and innovation. His appointment is part of our continued effort to strengthen the leadership team
NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ:RDZN), a global pioneer in AI-driven insurance and mobility solutions, today announced the appointment of Jean-Noël Gallardo as its new Chief Financial Officer. Mr. Gallardo brings over two decades of experience in financial planning and analysis, treasury management, compliance, fundraising, and M&A, making him an integral addition to the Roadzen leadership team. With his extensive experience in insurtech, brokerage, and claims administration throughout the US and EU, Mr. Gallardo is ideally positioned to propel Roadzen's continued expansion. He will play a crucial role in enhancing Roadzen's financial and operational playb
NEW YORK, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ:RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today clarified its fiscal first quarter 2026 results following inaccurate reporting by certain media outlets. Strong Q1 ResultsOn August 13, 2025, after market close, Roadzen reported record first-quarter revenue of $10.9 million, up 22% year-over-year, along with continued sequential improvement in Adjusted EBITDA, which was a full quarter ahead of analyst expectations, and Q1 FY2026 GAAP EPS of $(0.05). These results were largely consistent with expectations from the analysts who actively cover the Company. Inaccurate