Riskified Ltd. (NYSE:RSKD) Expected to Post Q3 2024 Earnings of ($0.06) Per Share

Riskified Ltd. (NYSE:RSKD) – Research analysts at DA Davidson issued their Q3 2024 earnings per share estimates for shares of Riskified in a research note issued to investors on Thursday, August 15th. DA Davidson analyst C. Wright anticipates that the company will post earnings per share of ($0.06) for the quarter. DA Davidson has a “Neutral” rating and a $7.00 price target on the stock. The consensus estimate for Riskified’s current full-year earnings is ($0.17) per share.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.12%. The business had revenue of $76.41 million for the quarter, compared to analyst estimates of $75.40 million.

Other equities research analysts also recently issued reports about the stock. UBS Group dropped their price target on shares of Riskified from $6.00 to $4.75 and set a “neutral” rating for the company in a research report on Thursday. Barclays dropped their price objective on Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday. Piper Sandler reduced their target price on Riskified from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods boosted their price target on Riskified from $5.75 to $6.00 and gave the company a “market perform” rating in a research note on Thursday, May 16th. Finally, The Goldman Sachs Group reduced their price objective on shares of Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.03.

Riskified Price Performance

NYSE RSKD opened at $4.66 on Friday. The firm has a 50-day moving average price of $6.11 and a two-hundred day moving average price of $5.53. Riskified has a 12-month low of $3.48 and a 12-month high of $6.64.

Institutional Trading of Riskified

A number of hedge funds have recently added to or reduced their stakes in RSKD. nVerses Capital LLC bought a new position in shares of Riskified in the 2nd quarter valued at $29,000. Covestor Ltd raised its position in Riskified by 2,522.7% in the first quarter. Covestor Ltd now owns 7,842 shares of the company’s stock valued at $43,000 after purchasing an additional 7,543 shares during the last quarter. Valmark Advisers Inc. acquired a new stake in shares of Riskified during the second quarter valued at about $104,000. Aigen Investment Management LP acquired a new stake in shares of Riskified during the fourth quarter valued at about $84,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Riskified during the second quarter worth about $163,000. Institutional investors and hedge funds 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.