Riskified (NYSE:RSKD) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Riskified (NYSE:RSKD) from an underweight rating to a neutral rating in a research note released on Friday, Marketbeat reports. They currently have $6.00 price target on the stock.

RSKD has been the topic of several other research reports. Wall Street Zen cut shares of Riskified from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research note on Wednesday, October 8th. DA Davidson reiterated a “buy” rating and set a $6.00 target price on shares of Riskified in a report on Thursday. Keefe, Bruyette & Woods decreased their price objective on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research note on Tuesday, August 19th. Finally, Piper Sandler dropped their target price on Riskified from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.89.

Riskified Price Performance

NYSE RSKD opened at $4.48 on Friday. The stock’s 50 day simple moving average is $4.72 and its 200-day simple moving average is $4.89. Riskified has a 1-year low of $3.94 and a 1-year high of $5.99. The company has a market cap of $722.22 million, a PE ratio of -19.48 and a beta of 1.36.

Riskified (NYSE:RSKD) last announced its earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $81.86 million for the quarter, compared to analysts’ expectations of $80.25 million. Riskified had a negative net margin of 11.04% and a negative return on equity of 8.12%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 EPS. Riskified has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Riskified will post -0.15 EPS for the current fiscal year.

Institutional Trading of Riskified

Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Riskified in the 2nd quarter worth about $36,000. Orion Porfolio Solutions LLC acquired a new position in Riskified in the 2nd quarter worth about $54,000. Virtu Financial LLC bought a new position in Riskified during the third quarter valued at approximately $51,000. Invesco Ltd. acquired a new stake in shares of Riskified in the 1st quarter valued at $51,000. Finally, Savant Capital LLC bought a new stake in shares of Riskified during the 2nd quarter worth about $57,000. 58.98% of the stock is currently owned by institutional investors.

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.