Riskified (NYSE:RSKD) Upgraded to Hold at DA Davidson

DA Davidson upgraded shares of Riskified (NYSE:RSKD - Free Report) to a hold rating in a report issued on Thursday morning,Zacks.com reports. DA Davidson also issued estimates for Riskified's Q4 2024 earnings at $0.01 EPS.

RSKD has been the subject of a number of other reports. UBS Group cut their price target on Riskified from $4.75 to $4.50 and set a "neutral" rating for the company in a report on Thursday. Keefe, Bruyette & Woods cut their price target on Riskified from $5.50 to $5.25 and set a "market perform" rating for the company in a report on Thursday. Barclays cut their price target on Riskified from $6.00 to $5.00 and set an "equal weight" rating for the company in a report on Friday, August 16th. Piper Sandler reissued an "overweight" rating and set a $7.00 price objective on shares of Riskified in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on Riskified from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's 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 traded down $0.29 during trading on Thursday, reaching $4.34. 1,494,896 shares of the company's stock were exchanged, compared to its average volume of 669,593. The company has a market capitalization of $773.71 million, a P/E ratio of -21.70 and a beta of 1.36. The business has a 50 day moving average price of $4.59 and a 200 day moving average price of $5.39. Riskified has a fifty-two week low of $3.90 and a fifty-two week high of $6.64.

Riskified (NYSE:RSKD - Get Free Report) last issued 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 company had revenue of $78.73 million during the quarter, compared to analysts' expectations of $78.33 million. Riskified had a negative return on equity of 5.77% and a negative net margin of 10.72%. As a group, research analysts forecast that Riskified will post -0.17 EPS for the current year.

Hedge Funds Weigh In On Riskified

Institutional investors have recently modified their holdings of the stock. nVerses Capital LLC acquired a new position in shares of Riskified during the 2nd quarter worth about $29,000. Covestor Ltd grew 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 shares of Riskified in the 2nd quarter valued at approximately $104,000. Quantbot Technologies LP acquired a new position in shares of Riskified in the 3rd quarter valued at approximately $120,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Riskified in the 2nd quarter valued at approximately $163,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

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.