DA Davidson Reiterates Buy Rating for Riskified (NYSE:RSKD)

Riskified (NYSE:RSKD)‘s stock had its “buy” rating restated by analysts at DA Davidson in a report issued on Thursday,Benzinga reports. They presently have a $6.00 price target on the stock. DA Davidson’s target price points to a potential upside of 19.64% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a report on Wednesday, October 8th. Wall Street Zen cut Riskified from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Riskified in a research note on Wednesday, August 20th. Piper Sandler dropped their price objective on Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Finally, Keefe, Bruyette & Woods reduced their price objective on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research note on Tuesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Riskified currently has a consensus rating of “Hold” and a consensus target price of $5.89.

Riskified Price Performance

Riskified stock traded down $0.07 during trading hours on Thursday, hitting $5.02. The company had a trading volume of 211,875 shares, compared to its average volume of 534,049. The firm has a 50-day moving average of $4.72 and a 200 day moving average of $4.88. The firm has a market cap of $808.46 million, a PE ratio of -20.90 and a beta of 1.36. Riskified has a one year low of $3.94 and a one year high of $5.99.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Riskified had a negative net margin of 11.70% and a negative return on equity of 8.27%. The business had revenue of $81.86 million for the quarter, compared to the consensus estimate of $80.25 million. During the same period in the prior year, the company posted $0.03 earnings per share. Riskified’s revenue was up 3.9% compared to the same quarter last year. Riskified has set its FY 2025 guidance at EPS. As a group, research analysts expect that Riskified will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On Riskified

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC grew its stake in Riskified by 3.3% in the second quarter. Jennison Associates LLC now owns 5,886,511 shares of the company’s stock valued at $29,374,000 after acquiring an additional 189,188 shares during the period. Harvey Partners LLC lifted its stake in shares of Riskified by 0.6% in the second quarter. Harvey Partners LLC now owns 2,569,145 shares of the company’s stock valued at $12,820,000 after buying an additional 16,145 shares in the last quarter. Clearline Capital LP grew its holdings in shares of Riskified by 37.3% during the first quarter. Clearline Capital LP now owns 2,453,506 shares of the company’s stock valued at $11,335,000 after buying an additional 666,175 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Riskified by 17.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,104,694 shares of the company’s stock worth $5,512,000 after acquiring an additional 165,947 shares during the last quarter. Finally, Monimus Capital Management LP boosted its stake in Riskified by 3.0% during the 2nd quarter. Monimus Capital Management LP now owns 979,938 shares of the company’s stock valued at $4,890,000 after purchasing an additional 28,633 shares during the last quarter. 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.