Riskified Ltd. (NYSE:RSKD) Expected to Post Q3 2024 Earnings of ($0.06) Per Share

Riskified Ltd. (NYSE:RSKD) – Equities researchers at DA Davidson issued their Q3 2024 earnings per share estimates for shares of Riskified in a report issued on Wednesday, September 11th. DA Davidson analyst G. Luria expects that the company will earn ($0.06) per share for the quarter. DA Davidson has a “Hold” rating on the stock. The consensus estimate for Riskified’s current full-year earnings is ($0.17) per share. DA Davidson also issued estimates for Riskified’s FY2024 earnings at ($0.16) EPS and FY2025 earnings at ($0.06) EPS.

RSKD has been the topic of a number of other reports. Barclays decreased their target price 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 objective on 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 reduced their price objective on 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 reduced their price objective on Riskified from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Finally, UBS Group reduced their price objective on Riskified from $6.00 to $4.75 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Riskified currently has a consensus rating of “Hold” and an average price target of $6.03.

Riskified Stock Up 1.3 %

Shares of NYSE RSKD opened at $4.64 on Friday. The firm has a market capitalization of $827.17 million, a P/E ratio of -14.97 and a beta of 1.37. The stock’s 50-day simple moving average is $5.57 and its two-hundred day simple moving average is $5.56. Riskified has a twelve month low of $3.48 and a twelve month high of $6.64.

Riskified (NYSE:RSKD) last announced its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $78.73 million for the quarter, compared to analyst estimates of $78.33 million. Riskified had a negative return on equity of 8.33% and a negative net margin of 14.57%.

Hedge Funds Weigh In On Riskified

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tocqueville Asset Management L.P. lifted its holdings in Riskified by 19.3% in the 1st quarter. Tocqueville Asset Management L.P. now owns 526,000 shares of the company’s stock worth $2,846,000 after buying an additional 85,000 shares during the period. Invenomic Capital Management LP lifted its holdings in Riskified by 29.7% in the 1st quarter. Invenomic Capital Management LP now owns 763,203 shares of the company’s stock worth $4,129,000 after buying an additional 174,953 shares during the period. Tidal Investments LLC purchased a new stake in Riskified in the 1st quarter worth approximately $547,000. Capital World Investors lifted its holdings in Riskified by 6.3% in the 4th quarter. Capital World Investors now owns 9,774,367 shares of the company’s stock worth $45,744,000 after buying an additional 580,000 shares during the period. Finally, Formation8 GP LLC purchased a new stake in Riskified in the 4th quarter worth approximately $7,949,000. 58.98% of the stock is currently 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.