Riskified (NYSE:RSKD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Riskified (NYSE:RSKD) from a hold rating to a buy rating in a research note published on Friday morning.

Several other equities analysts have also commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a report on Saturday, September 27th. UBS Group cut their price target 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. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Riskified in a report on Wednesday, August 20th. DA Davidson dropped their target price on Riskified from $6.50 to $6.00 and set a “buy” rating for the company in a report on Tuesday, August 19th. Finally, Keefe, Bruyette & Woods decreased their price target on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research note on Tuesday, August 19th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to 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 stock has a market cap of $760.11 million, a price-to-earnings ratio of -19.65 and a beta of 1.35. Riskified has a 1-year low of $3.94 and a 1-year high of $5.99. The stock’s 50-day moving average is $4.79 and its 200 day moving average is $4.83.

Riskified (NYSE:RSKD) last issued its earnings results on Monday, August 18th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). The firm had revenue of $81.06 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 EPS. Riskified has set its FY 2025 guidance at EPS. On average, analysts forecast that Riskified will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Riskified

A number of large investors have recently made changes to their positions in the business. TFJ Management LLC purchased a new position in shares of Riskified during the first quarter valued at approximately $3,615,000. Alta Fox Capital Management LLC bought a new stake in Riskified in the first quarter valued at $3,498,000. Clearline Capital LP increased its position in Riskified by 37.3% during the 1st 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 during the period. Marshall Wace LLP bought a new position in Riskified in the 2nd quarter worth $1,453,000. Finally, Penn Capital Management Company LLC bought a new position in Riskified in the 1st quarter worth $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.