Riskified (NYSE:RSKD) Downgraded to Hold Rating by Wall Street Zen

Riskified (NYSE:RSKD) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other brokerages have also weighed in on RSKD. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods cut their price target on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a report on Tuesday, August 19th. DA Davidson lowered their target price on Riskified from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, August 19th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Riskified in a research report on Wednesday, August 20th. Finally, UBS Group lowered their price objective on shares of Riskified from $5.75 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.82.

Riskified Stock Up 2.7%

RSKD stock traded up $0.13 during midday trading on Friday, hitting $4.79. The company’s stock had a trading volume of 420,595 shares, compared to its average volume of 392,053. Riskified has a 12 month low of $3.94 and a 12 month high of $5.99. The company has a 50 day moving average of $4.70 and a two-hundred day moving average of $4.87. The firm has a market capitalization of $771.39 million, a price-to-earnings ratio of -19.94 and a beta of 1.36.

Riskified (NYSE:RSKD) last released its earnings results on Monday, August 18th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). Riskified had a negative return on equity of 8.27% and a negative net margin of 11.70%.The company had revenue of $81.06 million during the quarter, compared to analysts’ expectations of $80.17 million. During the same period last year, the firm posted $0.04 EPS. Riskified’s quarterly revenue was up 3.0% compared to the same quarter last year. Riskified has set its FY 2025 guidance at EPS. On average, analysts anticipate that Riskified will post -0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in shares of Riskified by 5.5% in the 2nd quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock worth $464,000 after acquiring an additional 4,826 shares during the last quarter. Y.D. More Investments Ltd boosted its position in shares of Riskified by 20.4% during the second quarter. Y.D. More Investments Ltd now owns 39,789 shares of the company’s stock valued at $198,000 after buying an additional 6,743 shares during the period. Raymond James Financial Inc. bought a new position in shares of Riskified during the second quarter valued at approximately $36,000. Orion Porfolio Solutions LLC purchased a new stake in shares of Riskified in the second quarter worth approximately $54,000. Finally, Invesco Ltd. bought a new stake in shares of Riskified during the 1st quarter worth approximately $51,000. Institutional investors own 58.98% of the company’s stock.

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.