FY2024 Earnings Estimate for Riskified Issued By DA Davidson

Riskified Ltd. (NYSE:RSKD - Free Report) - Equities researchers at DA Davidson issued their FY2024 earnings estimates for Riskified in a note issued to investors on Thursday, November 14th. DA Davidson analyst C. Wright anticipates that the company will post earnings per share of ($0.14) 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.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group lowered 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. Truist Financial decreased their target price on shares of Riskified from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Piper Sandler reiterated an "overweight" rating and issued a $7.00 price objective on shares of Riskified 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 research report on Thursday. Finally, UBS Group decreased their price objective on shares of Riskified from $4.75 to $4.50 and set a "neutral" rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Riskified has an average rating of "Hold" and a consensus price target of $5.91.

Riskified Stock Down 0.2 %

NYSE:RSKD traded down $0.01 during midday trading on Monday, reaching $4.33. The stock had a trading volume of 479,297 shares, compared to its average volume of 668,739. The firm has a fifty day simple moving average of $4.58 and a two-hundred day simple moving average of $5.39. Riskified has a 12-month low of $3.91 and a 12-month high of $6.64. The stock has a market cap of $771.91 million, a P/E ratio of -21.65 and a beta of 1.36.

Riskified (NYSE:RSKD - Get Free Report) last announced its earnings results on Wednesday, November 13th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The business had revenue of $78.80 million for the quarter, compared to analysts' expectations of $75.01 million. During the same period in the previous year, the company posted ($0.12) EPS. The company's quarterly revenue was up 9.6% on a year-over-year basis.

Hedge Funds Weigh In On Riskified

Large investors have recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd grew its stake in Riskified by 76.0% during 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 purchasing an additional 2,907,585 shares in the last quarter. Jennison Associates LLC grew its position 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 in the last quarter. Harvey Partners LLC grew its position in shares of Riskified by 9.7% in the 3rd quarter. Harvey Partners LLC now owns 3,227,500 shares of the company's stock worth $15,266,000 after acquiring an additional 286,500 shares in the last quarter. Acadian Asset Management LLC grew its position 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 acquiring an additional 1,753,260 shares in the last quarter. Finally, Clearline Capital LP grew its position in shares of Riskified by 10.3% in the 3rd quarter. Clearline Capital LP now owns 1,853,922 shares of the company's stock worth $8,769,000 after acquiring an additional 173,694 shares in the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

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.