DA Davidson Upgrades Riskified (NYSE:RSKD) to “Hold”

DA Davidson upgraded shares of Riskified (NYSE:RSKD) to a hold rating in a research report sent to investors on Wednesday, Zacks.com reports. DA Davidson also issued estimates for Riskified’s Q3 2024 earnings at ($0.06) EPS, FY2024 earnings at ($0.16) EPS and FY2025 earnings at ($0.06) EPS.

RSKD has been the subject of several other research reports. Keefe, Bruyette & Woods upped their target price on shares of Riskified from $5.75 to $6.00 and gave the stock a market perform rating in a report on Thursday, May 16th. UBS Group dropped their price objective on Riskified from $6.00 to $4.75 and set a neutral rating for the company in a research note on Thursday, August 15th. Piper Sandler decreased their target price on Riskified from $8.00 to $7.00 and set an overweight rating on the stock in a research note on Thursday, August 15th. The Goldman Sachs Group dropped their price target on Riskified from $6.00 to $4.50 and set a sell rating for the company in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Riskified from $6.00 to $7.00 and gave the company a neutral rating in a report on Tuesday, August 20th. One equities research 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, the stock presently has a consensus rating of Hold and an average price target of $6.03.

Riskified Price Performance

Shares of Riskified stock opened at $4.70 on Wednesday. Riskified has a 1-year low of $3.48 and a 1-year high of $6.64. The company’s fifty day simple moving average is $5.53 and its 200-day simple moving average is $5.56. The stock has a market capitalization of $837.87 million, a PE ratio of -15.16 and a beta of 1.37.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.33%. The company had revenue of $78.73 million during the quarter, compared to analyst estimates of $78.33 million. As a group, research analysts anticipate that Riskified will post -0.17 EPS for the current year.

Institutional Trading of Riskified

A number of large investors have recently made changes to their positions in RSKD. Rubric Capital Management LP grew its position in Riskified by 159.2% in the fourth quarter. Rubric Capital Management LP now owns 4,173,636 shares of the company’s stock worth $19,533,000 after acquiring an additional 2,563,384 shares in the last quarter. Acadian Asset Management LLC boosted 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 worth $16,803,000 after purchasing an additional 1,753,260 shares during the period. Formation8 GP LLC bought a new position in shares of Riskified during the 4th quarter valued at approximately $7,949,000. Invenomic Capital Management LP purchased a new stake in Riskified during the 4th quarter valued at $2,753,000. Finally, Capital World Investors lifted its position in Riskified by 6.3% in the fourth quarter. Capital World Investors now owns 9,774,367 shares of the company’s stock worth $45,744,000 after buying an additional 580,000 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.