Riskified (NYSE:RSKD) Upgraded to "Buy" at Wall Street Zen

Key Points

• Riskified's stock was upgraded from a "hold" to a "buy" rating by analysts at Wall Street Zen in a recent research note.
• While three analysts rate the stock as a "buy," it also has two "hold" ratings and three "sell" ratings, indicating a mixed sentiment among analysts.
• Riskified reported a loss of ($0.07) EPS last quarter, missing analysts' expectations, despite a 3% year-over-year increase in revenue to $81.06 million.

Riskified (NYSE:RSKD - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

A number of other research analysts have also recently commented on RSKD. UBS Group decreased their price target on Riskified from $5.75 to $5.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 19th. Piper Sandler decreased their price target on 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 price target on Riskified from $6.50 to $6.00 and set a "buy" rating on the stock in a research note on Tuesday, August 19th. Keefe, Bruyette & Woods decreased their price target on Riskified from $5.50 to $5.25 and set a "market perform" rating on the stock in a research note on Tuesday, August 19th. Finally, JPMorgan Chase & Co. restated an "underweight" rating on shares of Riskified in a research note on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Riskified presently has an average rating of "Hold" and an average target price of $5.82.

Riskified Trading Up 0.1%

Riskified stock traded up $0.01 during mid-day trading on Friday, hitting $4.72. The company's stock had a trading volume of 347,050 shares, compared to its average volume of 514,298. The stock's fifty day moving average is $4.79 and its two-hundred day moving average is $4.83. Riskified has a 1 year low of $3.94 and a 1 year high of $5.99. The firm has a market capitalization of $760.11 million, a PE ratio of -19.65 and a beta of 1.35.

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

Institutional Trading of Riskified

A number of hedge funds and other institutional investors have recently bought and sold shares of RSKD. TFJ Management LLC acquired a new stake in Riskified in the first quarter valued at $3,615,000. Alta Fox Capital Management LLC acquired a new stake in Riskified in the first quarter valued at $3,498,000. Clearline Capital LP raised its stake in Riskified by 37.3% in the first quarter. Clearline Capital LP now owns 2,453,506 shares of the company's stock valued at $11,335,000 after buying an additional 666,175 shares in the last quarter. Marshall Wace LLP acquired a new stake in Riskified in the second quarter valued at $1,453,000. Finally, Penn Capital Management Company LLC acquired a new stake in Riskified in the first quarter valued at $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.

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