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

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

Several other research analysts have also recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a research report on Thursday, August 15th. Keefe, Bruyette & Woods dropped their target price on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research report on Thursday. UBS Group dropped their target price on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, Barclays dropped their target price on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. One 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.91.

Riskified Price Performance

Shares of RSKD traded down $0.32 on Thursday, hitting $4.31. The company’s stock had a trading volume of 824,268 shares, compared to its average volume of 666,572. The company has a market capitalization of $768.34 million, a PE ratio of -21.50 and a beta of 1.36. Riskified has a fifty-two week low of $3.90 and a fifty-two week high of $6.64. The company has a 50 day moving average price of $4.59 and a 200 day moving average price of $5.39.

Riskified (NYSE:RSKD) last announced its earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $78.73 million for the quarter, compared to the consensus estimate of $78.33 million. Riskified had a negative return on equity of 5.77% and a negative net margin of 10.72%. On average, equities analysts forecast that Riskified will post -0.17 EPS for the current year.

Hedge Funds Weigh In On Riskified

Several institutional investors and hedge funds have recently made changes to their positions in RSKD. nVerses Capital LLC acquired a new position in Riskified in the 2nd quarter worth $29,000. Covestor Ltd boosted its stake in Riskified by 2,522.7% in the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock worth $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 worth $104,000. Quantbot Technologies LP acquired a new position in Riskified in the 3rd quarter worth $120,000. Finally, Squarepoint Ops LLC acquired a new position in Riskified in the 2nd quarter worth $163,000. Institutional investors and hedge funds 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.