Riskified (NYSE:RSKD) Rating Increased to Hold at DA Davidson

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

A number of other analysts have also recently commented on RSKD. The Goldman Sachs Group lowered their price target on Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a research report on Thursday, August 15th. Barclays lowered their target price on Riskified from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, August 16th. Piper Sandler restated an “overweight” rating and set a $7.00 target price on shares of Riskified in a report on Thursday. UBS Group decreased their price objective on Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a report on Thursday. Finally, Keefe, Bruyette & Woods decreased their price objective on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Thursday. One equities research 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.91.

View Our Latest Stock Report on Riskified

Riskified Trading Down 6.3 %

NYSE:RSKD opened at $4.34 on Thursday. Riskified has a 12-month low of $3.90 and a 12-month high of $6.64. The stock has a 50-day moving average price of $4.58 and a 200 day moving average price of $5.39.

Riskified (NYSE:RSKDGet Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The company 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 6.00% and a negative net margin of 10.72%. On average, equities research analysts anticipate that Riskified will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RSKD. Barclays PLC increased its holdings in shares of Riskified by 106.6% during the 3rd quarter. Barclays PLC now owns 39,174 shares of the company’s stock worth $186,000 after buying an additional 20,213 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Riskified in the 3rd quarter valued at about $1,438,000. State Street Corp boosted its position in Riskified by 0.9% in the 3rd quarter. State Street Corp now owns 745,593 shares of the company’s stock valued at $3,527,000 after buying an additional 6,927 shares during the last quarter. Harvey Partners LLC raised 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 in the last quarter. Finally, Clearline Capital LP raised its stake in shares of Riskified by 10.3% in the 3rd quarter. Clearline Capital LP now owns 1,853,922 shares of the company’s stock valued at $8,769,000 after purchasing an additional 173,694 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Riskified Company Profile

(Get Free Report)

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.

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