JPMorgan Chase & Co. Reaffirms Underweight Rating for Riskified (NYSE:RSKD)

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 investment analysts at JPMorgan Chase & Co. in a report released on Wednesday.

Several other equities research analysts also recently weighed in on RSKD. UBS Group decreased their price target on shares of Riskified from $5.75 to $5.00 and set a "neutral" rating for the company in a research note on Tuesday. Truist Financial boosted their price target on shares of Riskified from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Piper Sandler cut their price target on shares of Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Monday. Keefe, Bruyette & Woods cut their price target on shares of Riskified from $5.50 to $5.25 and set a "market perform" rating on the stock in a report on Tuesday. Finally, DA Davidson cut their price target on shares of Riskified from $6.50 to $6.00 and set a "buy" rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $5.82.

Riskified Trading Up 0.6%

NYSE RSKD opened at $4.4550 on Wednesday. The firm has a market capitalization of $718.19 million, a price-to-earnings ratio of -18.56 and a beta of 1.37. The firm's 50 day simple moving average is $5.10 and its 200 day simple moving average is $4.96. Riskified has a 1 year low of $3.94 and a 1 year high of $5.99.

Riskified (NYSE:RSKD - Get Free Report) last issued its earnings results on Monday, August 18th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). Riskified had a negative net margin of 11.70% and a negative return on equity of 8.05%. The company had revenue of $81.06 million during the quarter, compared to analyst estimates of $80.17 million. During the same quarter in the prior year, the business earned $0.04 EPS. The business's quarterly revenue was up 3.0% on a year-over-year basis. Riskified has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Riskified will post -0.15 earnings per share for the current year.

Institutional Investors Weigh In On Riskified

A number of institutional investors have recently made changes to their positions in RSKD. TFJ Management LLC purchased a new stake in Riskified during the 1st quarter valued at $3,615,000. Alta Fox Capital Management LLC purchased a new stake in shares of Riskified in the 1st quarter worth about $3,498,000. Clearline Capital LP lifted its position in shares of Riskified by 37.3% in the 1st 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 during the period. Millennium Management LLC lifted its position in shares of Riskified by 171.0% in the 4th quarter. Millennium Management LLC now owns 766,977 shares of the company's stock worth $3,628,000 after purchasing an additional 483,975 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Riskified in the 2nd quarter worth about $1,453,000. 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.

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