Brokers Issue Forecasts for Riskified Ltd.’s Q3 2024 Earnings (NYSE:RSKD)

Riskified Ltd. (NYSE:RSKD) – Research analysts at DA Davidson issued their Q3 2024 earnings per share (EPS) estimates for shares of Riskified in a note issued to investors on Wednesday, September 11th. DA Davidson analyst G. Luria expects that the company will earn ($0.06) per share for the quarter. DA Davidson has a “Hold” rating on the stock. The consensus estimate for Riskified’s current full-year earnings is ($0.17) per share. DA Davidson also issued estimates for Riskified’s FY2024 earnings at ($0.16) EPS and FY2025 earnings at ($0.06) EPS.

RSKD has been the subject of a number of other research reports. UBS Group reduced their price objective on Riskified from $6.00 to $4.75 and set a “neutral” rating for the company in a research report on Thursday, August 15th. JPMorgan Chase & Co. increased their target price on Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Truist Financial dropped their target price on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, August 15th. The Goldman Sachs Group dropped their target price on Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a report on Thursday, August 15th. Finally, Piper Sandler dropped their target price on Riskified from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Riskified has an average rating of “Hold” and a consensus price target of $6.03.

Riskified Trading Up 1.3 %

Shares of RSKD stock opened at $4.70 on Friday. The stock has a 50 day moving average of $5.53 and a two-hundred day moving average of $5.56. Riskified has a 12 month low of $3.48 and a 12 month high of $6.64. The company has a market capitalization of $837.87 million, a P/E ratio of -15.16 and a beta of 1.37.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. Riskified had a negative return on equity of 8.33% and a negative net margin of 14.57%. The company had revenue of $78.73 million during the quarter, compared to the consensus estimate of $78.33 million.

Institutional Investors Weigh In On Riskified

Hedge funds and other institutional investors have recently bought and sold shares of the business. Algert Global LLC increased its stake in shares of Riskified by 7.1% in the 2nd quarter. Algert Global LLC now owns 43,324 shares of the company’s stock valued at $277,000 after buying an additional 2,854 shares during the period. Clearline Capital LP increased its stake in shares of Riskified by 19.4% in the 2nd quarter. Clearline Capital LP now owns 1,680,228 shares of the company’s stock valued at $10,737,000 after buying an additional 272,760 shares during the period. Susquehanna Fundamental Investments LLC increased its stake in shares of Riskified by 18.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 75,058 shares of the company’s stock valued at $480,000 after buying an additional 11,574 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Riskified in the 2nd quarter valued at $163,000. Finally, Sei Investments Co. increased its stake in shares of Riskified by 110.8% in the 2nd quarter. Sei Investments Co. now owns 34,991 shares of the company’s stock valued at $224,000 after buying an additional 18,392 shares during the period. 58.98% of the stock is owned by institutional investors and hedge funds.

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.