Riskified (NYSE:RSKD) Shares Gap Down – Here’s Why

Riskified Ltd. (NYSE:RSKD)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $4.99, but opened at $4.61. Riskified shares last traded at $4.5450, with a volume of 1,059,741 shares.

Analyst Ratings Changes

RSKD has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Tuesday, August 19th. UBS Group increased their price target on shares of Riskified from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. raised shares of Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 price objective on the stock in a report on Friday. DA Davidson restated a “buy” rating and issued a $6.00 target price on shares of Riskified in a report on Thursday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Riskified in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.89.

Riskified Price Performance

The business’s 50-day moving average price is $4.72 and its 200-day moving average price is $4.88. The firm has a market capitalization of $722.22 million, a PE ratio of -19.48 and a beta of 1.36.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Riskified had a negative net margin of 11.04% and a negative return on equity of 7.87%. The firm had revenue of $81.86 million during the quarter, compared to the consensus estimate of $80.25 million. During the same quarter in the prior year, the firm earned $0.03 EPS. Riskified’s revenue for the quarter was up 3.9% on a year-over-year basis. Riskified has set its FY 2025 guidance at EPS. Equities analysts forecast that Riskified Ltd. will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On Riskified

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in Riskified in the 3rd quarter valued at about $51,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Riskified by 58.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,329 shares of the company’s stock valued at $193,000 after purchasing an additional 15,247 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Riskified in the third quarter valued at approximately $102,000. Caption Management LLC raised its stake in shares of Riskified by 159.9% during the third quarter. Caption Management LLC now owns 59,940 shares of the company’s stock worth $281,000 after purchasing an additional 159,940 shares during the last quarter. Finally, TFJ Management LLC raised its stake in shares of Riskified by 31.7% during the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after purchasing an additional 335,399 shares during the last quarter. Hedge funds and other 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.