DA Davidson Forecasts Riskified's Q4 Earnings (NYSE:RSKD)

Riskified Ltd. (NYSE:RSKD - Free Report) - Stock analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of Riskified in a research note issued to investors on Thursday, November 14th. DA Davidson analyst C. Wright forecasts that the company will post earnings per share of $0.01 for the quarter. DA Davidson currently has a "Hold" rating on the stock. The consensus estimate for Riskified's current full-year earnings is ($0.17) per share.

A number of other research firms also recently weighed in on RSKD. JPMorgan Chase & Co. upped their price target on shares of Riskified from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. The Goldman Sachs Group cut their price objective on Riskified from $6.00 to $4.50 and set a "sell" rating for the company in a research report on Thursday, August 15th. Piper Sandler restated an "overweight" rating and issued a $7.00 price target on shares of Riskified in a research report on Thursday. UBS Group reduced 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, Keefe, Bruyette & Woods dropped their target price on Riskified from $5.50 to $5.25 and set a "market perform" rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $5.91.

Riskified Trading Down 6.3 %

Shares of NYSE RSKD traded down $0.29 during mid-day trading on Friday, reaching $4.34. The company had a trading volume of 1,494,896 shares, compared to its average volume of 669,593. Riskified has a 1-year low of $3.90 and a 1-year high of $6.64. The stock has a market cap of $773.71 million, a PE ratio of -21.70 and a beta of 1.36. The company has a 50-day moving average price of $4.58 and a two-hundred day moving average price of $5.38.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings data 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. Riskified had a negative net margin of 10.72% and a negative return on equity of 5.77%. The company had revenue of $78.73 million during the quarter, compared to analyst estimates of $78.33 million.

Institutional Trading of Riskified

Several large investors have recently modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Riskified by 76.0% in the third 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 period. Acadian Asset Management LLC raised its position in Riskified by 199.4% in the second 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. Jennison Associates LLC grew its position in shares of Riskified by 11.2% during 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 period. Public Employees Retirement System of Ohio purchased a new stake in shares of Riskified in the 3rd quarter worth $1,438,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Riskified by 37.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,052,944 shares of the company's stock valued at $4,980,000 after purchasing an additional 286,603 shares in the last quarter. 58.98% of the stock is owned by institutional investors.

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.