Riskified (NYSE:RSKD) Given Underweight Rating at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reaffirmed an "underweight" rating for Riskified (NYSE:RSKD), indicating a cautious outlook on the stock's potential.
• Riskified's share price target has seen varied adjustments from several analysts, with UBS reducing it to $5.00 and Truist Financial increasing it to $8.00.
• The company reported a net loss of $0.07 per share for the last quarter, missing the consensus estimate of $0.02, despite a 3% year-over-year increase in revenue.

Riskified (NYSE:RSKD - Get Free Report)'s stock had its "underweight" rating restated by analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, MarketBeat.com reports.

RSKD has been the topic of several other reports. Truist Financial lifted their price target on shares of Riskified from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods decreased 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 note on Tuesday, August 19th. Piper Sandler decreased their target price on shares of Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. DA Davidson decreased their target price on shares of Riskified from $6.50 to $6.00 and set a "buy" rating on the stock in a research note on Tuesday, August 19th. Finally, UBS Group decreased their target price on shares of Riskified from $5.75 to $5.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.82.

Riskified Trading Up 0.1%

Shares of RSKD stock traded up $0.0050 during trading hours on Wednesday, hitting $4.5850. 344,073 shares of the company's stock were exchanged, compared to its average volume of 550,617. The company has a market capitalization of $739.15 million, a PE ratio of -19.10 and a beta of 1.37. Riskified has a 12-month low of $3.94 and a 12-month high of $5.99. The business's 50 day simple moving average is $5.07 and its 200-day simple moving average is $4.94.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings results on Monday, August 18th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). The business had revenue of $81.06 million for the quarter, compared to analysts' expectations of $80.17 million. Riskified had a negative return on equity of 8.27% and a negative net margin of 11.70%.The company's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.04 earnings per share. Riskified has set its FY 2025 guidance at EPS. Equities analysts anticipate that Riskified will post -0.15 EPS for the current year.

Institutional Trading of Riskified

Several large investors have recently added to or reduced their stakes in RSKD. Raymond James Financial Inc. bought a new stake in Riskified in the second quarter valued at $36,000. Lazard Asset Management LLC bought a new stake in Riskified in the fourth quarter valued at $38,000. Group One Trading LLC boosted its holdings in Riskified by 4,503.5% in the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company's stock valued at $41,000 after acquiring an additional 8,917 shares in the last quarter. Invesco Ltd. bought a new stake in Riskified in the first quarter valued at $51,000. Finally, Orion Porfolio Solutions LLC bought a new stake in Riskified in the second quarter valued at $54,000. 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.