DA Davidson Upgrades Riskified (NYSE:RSKD) to Hold

Riskified (NYSE:RSKD) was upgraded by equities researchers at 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 analysts also recently commented on RSKD. The Goldman Sachs Group cut their price objective on shares of Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a research report on Thursday, August 15th. Barclays dropped their price objective on Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. JPMorgan Chase & Co. lifted their price target on shares of Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. UBS Group lowered their target price on Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research report on Thursday. Finally, Piper Sandler reissued an “overweight” rating and set a $7.00 price objective on shares of Riskified in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.91.

Riskified Stock Down 6.3 %

RSKD opened at $4.34 on Thursday. The company has a market capitalization of $773.71 million, a price-to-earnings ratio of -21.70 and a beta of 1.36. The firm has a 50-day moving average price of $4.58 and a 200-day moving average price of $5.38. Riskified has a twelve month low of $3.90 and a twelve month high of $6.64.

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

Institutional Investors Weigh In On Riskified

Hedge funds have recently made changes to their positions in the business. nVerses Capital LLC acquired a new stake in shares of Riskified during the second quarter valued at about $29,000. Covestor Ltd boosted its position in shares of Riskified by 2,522.7% in the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock valued at $43,000 after purchasing an additional 7,543 shares during the period. Valmark Advisers Inc. acquired a new position in Riskified in the 2nd quarter valued at approximately $104,000. Quantbot Technologies LP bought a new stake in Riskified in the third quarter worth $120,000. Finally, Olympiad Research LP acquired a new position in Riskified during the third quarter valued at approximately $150,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.