DA Davidson Predicts Riskified’s Q4 Earnings (NYSE:RSKD)

Riskified Ltd. (NYSE:RSKD) – Equities researchers at DA Davidson issued their Q4 2024 earnings estimates for shares of Riskified in a research note issued on Thursday, November 14th. DA Davidson analyst C. Wright anticipates that the company will earn $0.01 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.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. The firm had revenue of $78.73 million for the quarter, compared to analyst estimates of $78.33 million. Riskified had a negative return on equity of 5.77% and a negative net margin of 10.72%.

A number of other equities analysts also recently commented on the stock. Piper Sandler reiterated an “overweight” rating and issued a $7.00 target price on shares of Riskified in a report on Thursday. The Goldman Sachs Group reduced their price target on Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a research report on Thursday, August 15th. JPMorgan Chase & Co. boosted their target price on Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Barclays dropped their price target on Riskified from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. Finally, UBS Group decreased their price target on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Riskified presently has a consensus rating of “Hold” and an average price target of $5.91.

Riskified Stock Down 6.3 %

Shares of RSKD stock opened at $4.34 on Friday. Riskified has a 52-week low of $3.90 and a 52-week high of $6.64. The company’s 50 day moving average is $4.58 and its 200 day moving average is $5.38. The firm has a market cap of $773.71 million, a price-to-earnings ratio of -21.70 and a beta of 1.36.

Institutional Trading of Riskified

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Riskified by 76.0% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock valued at $31,854,000 after acquiring an additional 2,907,585 shares during the period. Acadian Asset Management LLC increased its holdings in Riskified by 199.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,632,439 shares of the company’s stock worth $16,803,000 after acquiring an additional 1,753,260 shares in the last quarter. Jennison Associates LLC raised its position in Riskified by 11.2% during the third quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock worth $26,877,000 after acquiring an additional 573,596 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Riskified in the third quarter valued at about $1,438,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Riskified by 37.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,052,944 shares of the company’s stock worth $4,980,000 after purchasing an additional 286,603 shares in the last quarter. Institutional investors and hedge funds 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.