Riskified Ltd. (NYSE:RSKD - Free Report) - Equities researchers at DA Davidson issued their FY2024 earnings estimates for Riskified in a research note issued to investors on Thursday, November 14th. DA Davidson analyst C. Wright anticipates that the company will earn ($0.14) per share for the year. DA Davidson currently 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.
A number of other equities analysts have also recently issued reports on the stock. Truist Financial reduced 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. Keefe, Bruyette & Woods reduced their price objective on shares of Riskified from $5.50 to $5.25 and set a "market perform" rating on the stock in a research note on Thursday. The Goldman Sachs Group reduced their price objective on shares of Riskified from $6.00 to $4.50 and set a "sell" rating on the stock in a research note on Thursday, August 15th. JPMorgan Chase & Co. lifted their price target on shares of Riskified from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. Finally, Piper Sandler reissued an "overweight" rating and set a $7.00 price target on shares of Riskified in a research report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Riskified presently has a consensus rating of "Hold" and an average price target of $5.91.
View Our Latest Stock Report on Riskified
Shares of RSKD stock opened at $4.34 on Monday. Riskified has a 52-week low of $3.90 and a 52-week high of $6.64. The stock has a market cap of $773.69 million, a PE ratio of -21.70 and a beta of 1.36. The firm's 50 day moving average price is $4.58 and its two-hundred day moving average price is $5.39.
Riskified (NYSE:RSKD - Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The firm had revenue of $78.80 million for the quarter, compared to analysts' expectations of $75.01 million. During the same period last year, the firm earned ($0.12) earnings per share. The business's revenue for the quarter was up 9.6% on a year-over-year basis.
Several institutional investors have recently added to or reduced their stakes in RSKD. Swiss National Bank lifted its position in Riskified by 7.1% in the 1st quarter. Swiss National Bank now owns 183,213 shares of the company's stock valued at $991,000 after acquiring an additional 12,200 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Riskified in the 1st quarter valued at $219,000. Acadian Asset Management LLC lifted its position in Riskified by 0.9% in the 1st quarter. Acadian Asset Management LLC now owns 879,179 shares of the company's stock valued at $4,743,000 after acquiring an additional 7,644 shares in the last quarter. Covestor Ltd lifted its position 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 acquiring an additional 7,543 shares in the last quarter. Finally, Quadrature Capital Ltd increased its stake in Riskified by 16.7% in the 1st quarter. Quadrature Capital Ltd now owns 50,357 shares of the company's stock valued at $272,000 after buying an additional 7,200 shares during the last quarter. 58.98% of the stock is owned by institutional investors.
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.
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