Riskified (NYSE:RSKD) Rating Increased to Hold at DA Davidson

DA Davidson upgraded shares of Riskified (NYSE:RSKD) to a hold rating in a research note released on Thursday morning,Zacks.com reports. DA Davidson also issued estimates for Riskified’s Q4 2024 earnings at $0.01 EPS.

Several other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group reduced their target price on shares of Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a report on Thursday, August 15th. Keefe, Bruyette & Woods decreased their price target on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research report on Thursday. Truist Financial reduced their price objective on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, UBS Group decreased their target price on Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.91.

Riskified Stock Performance

NYSE:RSKD opened at $4.34 on Thursday. Riskified has a fifty-two week low of $3.90 and a fifty-two week high of $6.64. The company has a 50 day moving average price of $4.58 and a 200 day moving average price of $5.39. The stock has a market capitalization of $773.69 million, a P/E ratio of -21.70 and a beta of 1.36.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The business had revenue of $78.80 million during the quarter, compared to analysts’ expectations of $75.01 million. During the same period in the previous year, the firm posted ($0.12) earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. Research analysts forecast that Riskified will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Riskified

Several institutional investors have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Riskified by 76.0% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock valued at $31,854,000 after buying an additional 2,907,585 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Riskified by 11.2% during the third quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock worth $26,877,000 after purchasing an additional 573,596 shares during the last quarter. Harvey Partners LLC increased its position in shares of Riskified by 9.7% during the third quarter. Harvey Partners LLC now owns 3,227,500 shares of the company’s stock worth $15,266,000 after purchasing an additional 286,500 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Riskified by 199.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,632,439 shares of the company’s stock valued at $16,803,000 after purchasing an additional 1,753,260 shares during the last quarter. Finally, Clearline Capital LP boosted its position in shares of Riskified by 10.3% in the 3rd quarter. Clearline Capital LP now owns 1,853,922 shares of the company’s stock valued at $8,769,000 after purchasing an additional 173,694 shares during the period. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Company Profile

Riskified Ltd., together with its subsidiaries, develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It offers Chargeback Guarantee that ensures the legitimacy of merchants' online orders; Policy Protect, a machine learning solution designed to detect and prevent refund and returns policy abuse in real-time; Account Secure, a solution that cross-checks every login attempt; Dispute Resolve, which is used to compile submissions for fraud and non-fraud related chargeback issues; and PSD2 Optimize that helps merchants avoid bank authorization failures and abandoned shopping carts.