JPMorgan Chase & Co. Upgrades Riskified (NYSE:RSKD) to “Neutral”

Riskified (NYSE:RSKD) was upgraded by stock analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Friday, MarketBeat reports. The firm currently has a $6.00 target price on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 33.54% from the company’s previous close.

RSKD has been the topic of several other reports. Keefe, Bruyette & Woods cut their target price on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research report on Tuesday, August 19th. Wall Street Zen downgraded shares of Riskified from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. DA Davidson reissued a “buy” rating and issued a $6.00 price objective on shares of Riskified in a research note on Thursday. UBS Group raised their target price on Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Piper Sandler cut their target price on Riskified from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.89.

Riskified Price Performance

Shares of NYSE RSKD traded down $0.50 during mid-day trading on Friday, hitting $4.49. 2,092,163 shares of the stock traded hands, compared to its average volume of 542,767. The company has a market cap of $724.32 million, a PE ratio of -19.61 and a beta of 1.36. Riskified has a twelve month low of $3.94 and a twelve month high of $5.99. The firm has a 50 day simple moving average of $4.72 and a two-hundred day simple moving average of $4.88.

Riskified (NYSE:RSKD) last posted its 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 return on equity of 7.87% and a negative net margin of 11.04%.The firm had revenue of $81.86 million during the quarter, compared to the consensus estimate of $80.25 million. During the same period last year, the company earned $0.03 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Riskified has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Riskified will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of Riskified

A number of large investors have recently bought and sold shares of RSKD. TFJ Management LLC bought a new position in shares of Riskified in the 1st quarter worth about $3,615,000. Alta Fox Capital Management LLC acquired a new stake in Riskified during the first quarter worth approximately $3,498,000. Clearline Capital LP increased its holdings in Riskified by 37.3% in the first quarter. Clearline Capital LP now owns 2,453,506 shares of the company’s stock worth $11,335,000 after purchasing an additional 666,175 shares in the last quarter. Marshall Wace LLP acquired a new position in Riskified in the second quarter valued at approximately $1,453,000. Finally, Penn Capital Management Company LLC acquired a new position in Riskified in the first quarter valued at approximately $1,006,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

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.