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

Riskified (NYSE:RSKD) was upgraded by stock analysts at DA Davidson to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports. DA Davidson also issued estimates for Riskified’s Q4 2024 earnings at $0.01 EPS.

RSKD has been the topic of several other research reports. Truist Financial cut their target price on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Barclays cut their price objective on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. The Goldman Sachs Group lowered their target price on shares of Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a research note on Thursday, August 15th. JPMorgan Chase & Co. upped their price target on Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Finally, Piper Sandler reiterated an “overweight” rating and set a $7.00 price objective on shares of Riskified in a report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.91.

Riskified Price Performance

Shares of Riskified stock opened at $4.63 on Thursday. The stock has a market cap of $825.39 million, a price-to-earnings ratio of -23.15 and a beta of 1.36. The firm’s 50-day moving average is $4.59 and its two-hundred day moving average is $5.39. Riskified has a 1 year low of $3.75 and a 1 year high of $6.64.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $78.73 million for the quarter, compared to the consensus estimate of $78.33 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 5.77%. On average, equities analysts expect that Riskified will post -0.17 earnings per share for the current year.

Institutional Trading of Riskified

Several large investors have recently added to or reduced their stakes in RSKD. nVerses Capital LLC acquired a new stake in shares of Riskified in the second quarter worth $29,000. Covestor Ltd grew its position in 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 purchasing an additional 7,543 shares during the period. Valmark Advisers Inc. purchased a new position in shares of Riskified during the 2nd quarter valued at about $104,000. Quantbot Technologies LP acquired a new position in shares of Riskified in the 3rd quarter valued at about $120,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Riskified in the 2nd quarter valued at about $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.