Riskified (NYSE:RSKD) Announces Quarterly Earnings Results

Key Points

• Riskified reported a quarterly loss of ($0.07) EPS, missing analyst expectations by ($0.09), despite a revenue increase of 3% year-over-year to $81.06 million.
• The company updated its FY 2025 guidance for earnings per share, indicating a strategic shift in response to current performance.
• Despite a disappointing earnings report, analysts maintain a generally positive outlook with multiple price target increases, resulting in an average target price of $6.18 and a mix of buy and hold ratings.

Riskified (NYSE:RSKD - Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09), RTT News reports. The firm had revenue of $81.06 million for the quarter, compared to analyst estimates of $80.17 million. Riskified had a negative return on equity of 8.27% and a negative net margin of 11.70%.The business's revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.04 EPS. Riskified updated its FY 2025 guidance to EPS.

Riskified Trading Up 4.9%

Riskified stock traded up $0.2150 during mid-day trading on Friday, reaching $4.5650. The company had a trading volume of 652,181 shares, compared to its average volume of 850,860. The business has a fifty day simple moving average of $5.07 and a 200 day simple moving average of $4.94. The company has a market cap of $735.92 million, a P/E ratio of -19.02 and a beta of 1.37. Riskified has a fifty-two week low of $3.94 and a fifty-two week high of $5.99.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Piper Sandler reduced their price target on shares of Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Keefe, Bruyette & Woods dropped their price objective on shares of Riskified from $5.50 to $5.25 and set a "market perform" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. restated an "underweight" rating on shares of Riskified in a research report on Wednesday. UBS Group cut their target price on shares of Riskified from $5.75 to $5.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, DA Davidson cut their target price on shares of Riskified from $6.50 to $6.00 and set a "buy" rating on the stock in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $5.82.

Hedge Funds Weigh In On Riskified

Several large investors have recently modified their holdings of the business. California State Teachers Retirement System raised its stake in shares of Riskified by 5.5% during the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company's stock valued at $464,000 after acquiring an additional 4,826 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Riskified during the second quarter valued at $36,000. Orion Porfolio Solutions LLC bought a new position in shares of Riskified during the second quarter valued at $54,000. Invesco Ltd. bought a new position in Riskified during the first quarter worth $51,000. Finally, Engineers Gate Manager LP bought a new position in Riskified during the second quarter worth $89,000. 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.