DA Davidson Estimates Riskified’s Q4 Earnings (NYSE:RSKD)

Riskified Ltd. (NYSE:RSKD) – Stock analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Riskified in a research note issued to investors on Thursday, November 14th. DA Davidson analyst C. Wright forecasts that the company will post earnings of $0.01 per share for the quarter. DA Davidson has a “Hold” rating on the stock. The consensus estimate for Riskified’s current full-year earnings is ($0.17) per share.

Several other analysts have also issued reports on RSKD. The Goldman Sachs Group cut their target price on shares of Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a research report on Thursday, August 15th. UBS Group lowered their price target on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a report on Thursday. Truist Financial reduced their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Barclays decreased their price target on Riskified from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, August 16th. Finally, Piper Sandler reiterated an “overweight” rating and set a $7.00 target price on shares of Riskified in a research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.91.

Riskified Price Performance

Shares of Riskified stock opened at $4.34 on Friday. The firm has a market cap of $773.71 million, a price-to-earnings ratio of -21.70 and a beta of 1.36. Riskified has a 1 year low of $3.90 and a 1 year high of $6.64. The company has a 50-day moving average of $4.58 and a 200 day moving average of $5.38.

Riskified (NYSE:RSKD) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. Riskified had a negative return on equity of 5.77% and a negative net margin of 10.72%. The company had revenue of $78.73 million for the quarter, compared to analysts’ expectations of $78.33 million.

Institutional Trading of Riskified

A number of large investors have recently made changes to their positions in RSKD. Tocqueville Asset Management L.P. increased its position in shares of Riskified by 19.3% during the 1st quarter. Tocqueville Asset Management L.P. now owns 526,000 shares of the company’s stock valued at $2,846,000 after purchasing an additional 85,000 shares during the last quarter. Invenomic Capital Management LP raised its stake in shares of Riskified by 29.7% in the first quarter. Invenomic Capital Management LP now owns 763,203 shares of the company’s stock valued at $4,129,000 after acquiring an additional 174,953 shares during the period. Tidal Investments LLC bought a new stake in shares of Riskified in the 1st quarter worth about $547,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Riskified by 37.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,052,944 shares of the company’s stock worth $4,980,000 after purchasing an additional 286,603 shares during the period. Finally, Clearline Capital LP grew its holdings in Riskified by 19.4% during the 2nd quarter. Clearline Capital LP now owns 1,680,228 shares of the company’s stock valued at $10,737,000 after purchasing an additional 272,760 shares during the last quarter. 58.98% of the stock is currently owned by institutional investors.

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.