Analysts’ Weekly Ratings Updates for Riskified (RSKD)

Riskified (NYSE: RSKD) recently received a number of ratings updates from brokerages and research firms:

• 11/14/2024 – Riskified had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $7.00 price target on the stock.
• 11/14/2024 – Riskified had its price target lowered by analysts at UBS Group AG from $4.75 to $4.50. They now have a “neutral” rating on the stock.
• 11/14/2024 – Riskified had its price target lowered by analysts at Keefe, Bruyette & Woods from $5.50 to $5.25. They now have a “market perform” rating on the stock.
• 11/14/2024 – Riskified was upgraded by analysts at DA Davidson to a “hold” rating.

Riskified Trading Up 1.4 %

Shares of Riskified stock opened at $4.41 on Wednesday. The company has a market cap of $786.19 million, a P/E ratio of -22.05 and a beta of 1.36. The stock has a 50-day moving average price of $4.56 and a 200 day moving average price of $5.38. Riskified Ltd. has a 1 year low of $3.91 and a 1 year high of $6.64.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $78.80 million for the quarter, compared to analyst estimates of $75.01 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.12) earnings per share. On average, equities analysts forecast that Riskified Ltd. will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Riskified

Hedge funds have recently bought and sold shares of the stock. Swiss National Bank lifted its position in shares of Riskified by 7.1% in the 1st quarter. Swiss National Bank now owns 183,213 shares of the company’s stock worth $991,000 after acquiring an additional 12,200 shares during the period. Russell Investments Group Ltd. bought a new position in Riskified in the first quarter worth $219,000. Acadian Asset Management LLC boosted its stake in Riskified by 0.9% during the first quarter. Acadian Asset Management LLC now owns 879,179 shares of the company’s stock worth $4,743,000 after buying an additional 7,644 shares in the last quarter. Covestor Ltd increased its holdings in 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 buying an additional 7,543 shares during the period. Finally, Quadrature Capital Ltd raised its stake in shares of Riskified by 16.7% in the 1st quarter. Quadrature Capital Ltd now owns 50,357 shares of the company’s stock valued at $272,000 after buying an additional 7,200 shares in the last quarter. 58.98% of the stock is owned by institutional investors.

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.