Brokers Set Expectations for Riskified FY2024 Earnings

Riskified Ltd. (NYSE:RSKD) – Analysts at DA Davidson issued their FY2024 EPS estimates for shares of Riskified in a report issued on Thursday, November 14th. DA Davidson analyst C. Wright anticipates that the company will post earnings of ($0.14) per share for the year. DA Davidson has a “Hold” rating on the stock. The consensus estimate for Riskified’s current full-year earnings is ($0.16) per share. DA Davidson also issued estimates for Riskified’s FY2025 earnings at ($0.08) EPS.

RSKD has been the topic of several other reports. Barclays lowered their price objective on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. Truist Financial lowered their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. UBS Group lowered their price objective on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $7.00 price target on shares of Riskified in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.91.

Riskified Price Performance

Riskified stock opened at $4.34 on Monday. The firm has a market capitalization of $773.69 million, a PE ratio of -21.70 and a beta of 1.36. The company’s 50-day moving average is $4.58 and its 200-day moving average is $5.39. Riskified has a fifty-two week low of $3.90 and a fifty-two week high of $6.64.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $78.80 million for the quarter, compared to analyst estimates of $75.01 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. Riskified’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.12) EPS.

Institutional Trading of Riskified

Institutional investors have recently bought and sold shares of the business. nVerses Capital LLC bought a new stake in Riskified in the 2nd quarter valued at about $29,000. Covestor Ltd boosted its holdings in Riskified by 2,522.7% in the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock valued at $43,000 after purchasing an additional 7,543 shares during the period. Valmark Advisers Inc. bought a new stake in Riskified in the 2nd quarter valued at about $104,000. Quantbot Technologies LP bought a new stake in Riskified in the 3rd quarter valued at about $120,000. Finally, Squarepoint Ops LLC bought a new stake in Riskified in the 2nd quarter valued at about $163,000. Institutional investors 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.