FY2024 Earnings Estimate for Riskified Issued By DA Davidson

Riskified Ltd. (NYSE:RSKD) – Investment analysts at DA Davidson issued their FY2024 earnings per share estimates for Riskified in a research note issued to investors on Thursday, November 14th. DA Davidson analyst C. Wright anticipates that the company will earn ($0.14) per share for the year. DA Davidson has a “Hold” rating on the stock. The consensus estimate for Riskified’s current full-year earnings is ($0.16) per share. DA Davidson also issued estimates for Riskified’s FY2025 earnings at ($0.08) EPS.

Several other equities research analysts have also recently weighed in on RSKD. Keefe, Bruyette & Woods reduced their price target on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research note on Thursday, November 14th. Barclays reduced their price target on Riskified from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. The Goldman Sachs Group reduced 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 reduced their price target on Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $7.00 price target on shares of Riskified in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Riskified presently has an average rating of “Hold” and an average price target of $5.91.

Riskified Stock Up 1.4 %

Shares of Riskified stock opened at $4.41 on Monday. The company has a market cap of $786.19 million, a PE ratio of -22.05 and a beta of 1.36. The business has a 50 day moving average of $4.56 and a 200 day moving average of $5.38. Riskified has a 52 week low of $3.91 and a 52 week high of $6.64.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The firm had revenue of $78.80 million during the quarter, compared to the consensus estimate of $75.01 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The business’s revenue was up 9.6% on a year-over-year basis.

Hedge Funds Weigh In On Riskified

Several large investors have recently modified their holdings of RSKD. Clal Insurance Enterprises Holdings Ltd grew its position in Riskified by 76.0% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock valued at $31,854,000 after acquiring an additional 2,907,585 shares during the last quarter. Jennison Associates LLC grew its position in Riskified by 11.2% in the 3rd quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock valued at $26,877,000 after acquiring an additional 573,596 shares during the last quarter. Harvey Partners LLC grew its position in Riskified by 9.7% in the 3rd quarter. Harvey Partners LLC now owns 3,227,500 shares of the company’s stock valued at $15,266,000 after acquiring an additional 286,500 shares during the last quarter. Acadian Asset Management LLC grew its position in Riskified by 199.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,632,439 shares of the company’s stock valued at $16,803,000 after acquiring an additional 1,753,260 shares during the last quarter. Finally, Clearline Capital LP grew its position in Riskified by 10.3% in the 3rd quarter. Clearline Capital LP now owns 1,853,922 shares of the company’s stock valued at $8,769,000 after acquiring an additional 173,694 shares during the last quarter. 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.