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

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

RSKD has been the topic of several other research reports. Piper Sandler restated an “overweight” rating and issued a $7.00 price objective on shares of Riskified in a research note on Thursday. Truist Financial reduced their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Barclays dropped their price objective on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. The Goldman Sachs Group decreased their price target on shares of Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a research note on Thursday, August 15th. Finally, UBS Group cut their price objective on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.91.

Riskified Stock Performance

NYSE RSKD opened at $4.34 on Thursday. Riskified has a 52 week low of $3.90 and a 52 week high of $6.64. The stock’s 50 day moving average price is $4.58 and its two-hundred day moving average price is $5.38. The stock has a market capitalization of $773.71 million, a price-to-earnings ratio of -21.70 and a beta of 1.36.

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

Institutional Trading of Riskified

A number of hedge funds have recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Riskified by 76.0% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock worth $31,854,000 after acquiring an additional 2,907,585 shares during the period. Jennison Associates LLC lifted 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 purchasing an additional 573,596 shares during the period. Harvey Partners LLC boosted its stake 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 valued at $15,266,000 after purchasing an additional 286,500 shares during the last quarter. Acadian Asset Management LLC boosted its stake 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 valued at $16,803,000 after purchasing an additional 1,753,260 shares during the last quarter. Finally, Clearline Capital LP raised its stake in Riskified by 10.3% during the third quarter. Clearline Capital LP now owns 1,853,922 shares of the company’s stock worth $8,769,000 after buying an additional 173,694 shares during the last quarter. 58.98% of the stock is 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.