Riskified (NYSE:RSKD) Upgraded by DA Davidson to “Hold” Rating

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

RSKD has been the subject of a number of other research reports. Piper Sandler reissued an “overweight” rating and set a $7.00 target price on shares of Riskified in a research note on Thursday. Barclays reduced their target price on Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, August 16th. The Goldman Sachs Group lowered their price target on Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a research note on Thursday, August 15th. UBS Group dropped their price target on Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Riskified currently has an average rating of “Hold” and a consensus price target of $5.91.

Riskified Stock Performance

Shares of Riskified stock opened at $4.34 on Thursday. The firm has a 50-day simple moving average of $4.58 and a two-hundred day simple moving average of $5.39. Riskified has a fifty-two week low of $3.90 and a fifty-two week high of $6.64. The company has a market cap 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 results on Wednesday, November 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $78.80 million for the quarter, compared to the consensus estimate of $75.01 million. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. Riskified’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.12) earnings per share. Equities research analysts forecast that Riskified will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RSKD. nVerses Capital LLC acquired a new stake in Riskified during the second quarter worth about $29,000. Covestor Ltd increased its holdings in shares of Riskified by 2,522.7% during the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock worth $43,000 after buying an additional 7,543 shares during the last quarter. Valmark Advisers Inc. purchased a new stake in shares of Riskified during the 2nd quarter valued at approximately $104,000. Quantbot Technologies LP acquired a new position in Riskified in the third quarter valued at approximately $120,000. Finally, Squarepoint Ops LLC purchased a new position in Riskified in the second quarter worth approximately $163,000. Hedge funds and other 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.