Riskified (NYSE:RSKD) Stock Rating Upgraded by Wall Street Zen

Riskified (NYSE:RSKD) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Friday.

RSKD has been the subject of a number of other research reports. Keefe, Bruyette & Woods dropped their price target on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research note on Tuesday, August 19th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Riskified in a report on Wednesday, August 20th. Piper Sandler decreased their price objective on shares of Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Monday, August 18th. UBS Group decreased their price objective on shares of Riskified from $5.75 to $5.00 and set a “neutral” rating for the company in a report on Tuesday, August 19th. Finally, DA Davidson decreased their price objective on shares of Riskified from $6.50 to $6.00 and set a “buy” rating for the company in a report on Tuesday, August 19th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Riskified currently has a consensus rating of “Hold” and a consensus price target of $5.82.

Riskified Trading Up 0.1%

Shares of NYSE:RSKD opened at $4.72 on Friday. The company has a fifty day simple moving average of $4.79 and a 200 day simple moving average of $4.83. The firm has a market cap of $760.11 million, a PE ratio of -19.65 and a beta of 1.35. Riskified has a 12-month low of $3.94 and a 12-month high of $5.99.

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

Institutional Investors Weigh In On Riskified

A number of hedge funds and other institutional investors have recently modified their holdings of RSKD. TFJ Management LLC bought a new stake in shares of Riskified during the first quarter valued at about $3,615,000. Alta Fox Capital Management LLC bought a new stake in shares of Riskified during the first quarter valued at about $3,498,000. Clearline Capital LP raised its stake in shares of Riskified by 37.3% during the first quarter. Clearline Capital LP now owns 2,453,506 shares of the company’s stock valued at $11,335,000 after purchasing an additional 666,175 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Riskified during the second quarter valued at about $1,453,000. Finally, Penn Capital Management Company LLC bought a new stake in shares of Riskified during the first quarter valued at about $1,006,000. 58.98% of the stock is currently owned by institutional investors.

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.