Riskified (NYSE:RSKD) Upgraded at DA Davidson

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

RSKD has been the subject of several other reports. Truist Financial decreased their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Piper Sandler restated an “overweight” rating and set a $7.00 price target on shares of Riskified in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Keefe, Bruyette & Woods dropped their target price on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research report on Thursday. Finally, UBS Group lowered their price objective on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a research report on Thursday. One investment 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. Based on data from MarketBeat, Riskified has an average rating of “Hold” and a consensus price target of $5.91.

Riskified Price Performance

NYSE RSKD opened at $4.34 on Thursday. The firm has a 50-day moving average price of $4.58 and a 200 day moving average price of $5.39. Riskified has a 52-week low of $3.90 and a 52-week high of $6.64.

Riskified (NYSE:RSKD) last posted its quarterly 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. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The company had revenue of $78.73 million for the quarter, compared to the consensus estimate of $78.33 million. On average, analysts predict that Riskified will post -0.16 EPS for the current year.

Hedge Funds Weigh In On Riskified

Hedge funds and other institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC bought a new position in shares of 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. bought a new stake in shares of Riskified during the 2nd quarter valued at about $104,000. Quantbot Technologies LP bought a new stake in Riskified in the 3rd quarter worth approximately $120,000. Finally, Olympiad Research LP purchased a new position in Riskified in the 3rd quarter worth approximately $150,000. 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.