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 released on Sunday.

Several other analysts also recently commented on RSKD. JPMorgan Chase & Co. raised shares of Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 target price for the company in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Riskified in a research note on Thursday, November 13th. UBS Group upped their price objective on shares of Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Keefe, Bruyette & Woods cut their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Tuesday, August 19th. Finally, Piper Sandler reduced their price target on Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.89.

Riskified Price Performance

Shares of NYSE RSKD opened at $4.75 on Friday. The business’s 50-day moving average price is $4.72 and its two-hundred day moving average price is $4.89. Riskified has a one year low of $3.94 and a one year high of $5.99. The company has a market capitalization of $764.94 million, a P/E ratio of -20.63 and a beta of 1.36.

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

Hedge Funds Weigh In On Riskified

Several large investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Riskified in the 2nd quarter valued at approximately $36,000. Virtu Financial LLC bought a new stake in shares of Riskified in the third quarter valued at approximately $51,000. Invesco Ltd. acquired a new stake in shares of Riskified in the first quarter worth $51,000. Orion Porfolio Solutions LLC bought a new position in Riskified during the second quarter worth $54,000. Finally, Savant Capital LLC bought a new position in Riskified during the second quarter worth $57,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.