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

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

Several other brokerages have also commented on RSKD. 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. Truist Financial dropped their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. UBS Group reduced their price objective on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods decreased their price objective on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Thursday. Finally, Piper Sandler reissued an “overweight” rating and set a $7.00 target price on shares of Riskified in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.91.

Riskified Stock Performance

RSKD opened at $4.63 on Thursday. The company has a fifty day moving average of $4.59 and a two-hundred day moving average of $5.39. The stock has a market capitalization of $825.39 million, a price-to-earnings ratio of -23.15 and a beta of 1.36. Riskified has a fifty-two week low of $3.75 and a fifty-two week high of $6.64.

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

Institutional Investors Weigh In On Riskified

Large investors have recently modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd lifted its position in Riskified by 76.0% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock worth $31,854,000 after buying an additional 2,907,585 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Riskified by 11.2% in the 3rd quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock worth $26,877,000 after acquiring an additional 573,596 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Riskified by 199.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,632,439 shares of the company’s stock worth $16,803,000 after acquiring an additional 1,753,260 shares during the period. Clearline Capital LP boosted its position in shares of 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 acquiring an additional 272,760 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Riskified by 17.2% in the second quarter. Renaissance Technologies LLC now owns 1,118,900 shares of the company’s stock valued at $7,150,000 after purchasing an additional 164,600 shares during the period. 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.