FY2024 Earnings Estimate for Riskified Issued By DA Davidson

Riskified Ltd. (NYSE:RSKD) – Investment analysts at DA Davidson issued their FY2024 earnings estimates for shares of Riskified in a research report issued on Thursday, November 14th. DA Davidson analyst C. Wright forecasts that the company will post earnings per share of ($0.14) for the year. DA Davidson has a “Hold” rating on the stock. The consensus estimate for Riskified’s current full-year earnings is ($0.16) per share. DA Davidson also issued estimates for Riskified’s FY2025 earnings at ($0.08) EPS.

Several other analysts have also weighed in on RSKD. Piper Sandler reissued an “overweight” rating and set a $7.00 price objective on shares of Riskified in a report on Thursday, November 14th. Keefe, Bruyette & Woods cut their target price on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research note on Thursday, November 14th. JPMorgan Chase & Co. boosted their target price on Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Truist Financial dropped their price target on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, The Goldman Sachs Group reduced their price objective on Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a research note on Thursday, August 15th. One 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.91.

Riskified Stock Up 0.3 %

Shares of RSKD stock opened at $4.36 on Monday. Riskified has a 12 month low of $3.91 and a 12 month high of $6.64. The firm has a market cap of $776.37 million, a PE ratio of -21.77 and a beta of 1.36. The stock has a 50 day moving average of $4.57 and a 200-day moving average of $5.38.

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

Hedge Funds Weigh In On Riskified

Hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Riskified in the second quarter valued at approximately $29,000. Covestor Ltd boosted its position in shares of Riskified by 2,522.7% in the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock worth $43,000 after purchasing an additional 7,543 shares during the last quarter. Valmark Advisers Inc. acquired a new stake in shares of Riskified during the second quarter worth $104,000. Quantbot Technologies LP bought a new stake in Riskified in the third quarter valued at about $120,000. Finally, Squarepoint Ops LLC acquired a new position in Riskified in the second quarter valued at about $163,000. Institutional investors own 58.98% of the company’s stock.

About Riskified

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.