Research Analysts Issue Forecasts for Riskified Ltd.’s Q3 2024 Earnings (NYSE:RSKD)

Riskified Ltd. (NYSE:RSKD) – Research analysts at DA Davidson issued their Q3 2024 EPS estimates for shares of Riskified in a research report issued to clients and investors on Wednesday, September 11th. DA Davidson analyst G. Luria expects that the company will earn ($0.06) 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. DA Davidson also issued estimates for Riskified’s FY2024 earnings at ($0.16) EPS and FY2025 earnings at ($0.06) EPS.

Riskified (NYSE:RSKD) last issued 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 company had revenue of $78.73 million for the quarter, compared to the consensus estimate of $78.33 million. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.33%.

A number of other brokerages also recently commented on RSKD. Truist Financial dropped their target price 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. Barclays dropped their target price 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. UBS Group dropped their target price on shares of Riskified from $6.00 to $4.75 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. JPMorgan Chase & Co. upped their target price on shares of Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Finally, The Goldman Sachs Group dropped their target price 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. One investment 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 data from MarketBeat, Riskified presently has an average rating of “Hold” and a consensus price target of $6.03.

Riskified Trading Up 1.3 %

Shares of NYSE:RSKD opened at $4.70 on Friday. The company has a market capitalization of $837.87 million, a price-to-earnings ratio of -15.16 and a beta of 1.37. Riskified has a 12 month low of $3.48 and a 12 month high of $6.64. The firm’s 50-day moving average is $5.53 and its 200 day moving average is $5.56.

Institutional Investors Weigh In On Riskified

Several hedge funds have recently modified their holdings of RSKD. Capital World Investors lifted its position in Riskified by 6.3% during the fourth quarter. Capital World Investors now owns 9,774,367 shares of the company’s stock valued at $45,744,000 after acquiring an additional 580,000 shares during the last quarter. Rubric Capital Management LP lifted its position in Riskified by 159.2% during the fourth quarter. Rubric Capital Management LP now owns 4,173,636 shares of the company’s stock valued at $19,533,000 after acquiring an additional 2,563,384 shares during the last quarter. Acadian Asset Management LLC lifted its position in Riskified by 199.4% during the second quarter. Acadian Asset Management LLC now owns 2,632,439 shares of the company’s stock valued at $16,803,000 after acquiring an additional 1,753,260 shares during the last quarter. Jennison Associates LLC lifted its position in Riskified by 2.1% during the first quarter. Jennison Associates LLC now owns 1,710,472 shares of the company’s stock valued at $9,254,000 after acquiring an additional 35,699 shares during the last quarter. Finally, Formation8 GP LLC purchased a new stake in Riskified during the fourth quarter valued at approximately $7,949,000. Hedge funds and other institutional investors 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.