Riskified (NYSE:RSKD) Shares Gap Down - Should You Sell?
Riskified Ltd. (NYSE:RSKD) shares opened lower at $4.61 from a previous close of $4.99. Analysts have mixed ratings: JPMorgan upgraded to 'neutral' with a $6 target, while Weiss Ratings maintained a 'sell' rating. The stock has an average 'Hold' rating and a $5.89 price target. Riskified reported Q3 earnings of $0.04 per share, beating estimates. Institutional investors have adjusted their positions, with 58.98% ownership. Riskified offers e-commerce risk management solutions globally.
Riskified Ltd. (NYSE:RSKD - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $4.99, but opened at $4.61. Riskified shares last traded at $4.5450, with a volume of 1,059,741 shares.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded Riskified from an "underweight" rating to a "neutral" rating and set a $6.00 price target on the stock in a report on Friday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Riskified in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Riskified from a "buy" rating to a "hold" rating in a report on Saturday, November 8th. DA Davidson reissued a "buy" rating and issued a $6.00 price objective on shares of Riskified in a research note on Thursday. Finally, Piper Sandler reduced their price target on Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $5.89.
Read Our Latest Report on RSKD
Riskified Price Performance
The firm has a fifty day moving average of $4.72 and a two-hundred day moving average of $4.88. The stock has a market capitalization of $740.12 million, a P/E ratio of -19.96 and a beta of 1.36.
Riskified (NYSE:RSKD - Get Free Report) last posted its earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Riskified had a negative net margin of 11.04% and a negative return on equity of 7.87%. The business had revenue of $81.86 million for the quarter, compared to the consensus estimate of $80.25 million. During the same quarter last year, the firm posted $0.03 EPS. The company's revenue for the quarter was up 3.9% on a year-over-year basis. Riskified has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Riskified Ltd. will post -0.15 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in RSKD. Teacher Retirement System of Texas boosted its position in Riskified by 61.3% during the first quarter. Teacher Retirement System of Texas now owns 39,280 shares of the company's stock valued at $181,000 after purchasing an additional 14,934 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Riskified by 21.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 110,012 shares of the company's stock worth $508,000 after buying an additional 19,642 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Riskified by 24.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 410,570 shares of the company's stock valued at $1,897,000 after acquiring an additional 80,725 shares during the last quarter. Invesco Ltd. acquired a new stake in Riskified in the first quarter valued at approximately $51,000. Finally, Nuveen LLC acquired a new stake in Riskified in the first quarter valued at approximately $362,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.
About Riskified
(Get Free Report)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.
Featured Stories
- Five stocks we like better than Riskified
- What Does Downgrade Mean in Investing?
- Here's What We Learned From AST SpaceMobile's Q3 Earnings Report
- 5 discounted opportunities for dividend growth investors
- 3 Stocks Quietly Leveraging AI While Everyone Chases NVIDIA
- Investing in Commodities: What Are They? How to Invest in Them
- LightPath Stock Eyes 50% Upside on Defense Demand Surge
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Riskified Right Now?
Before you consider Riskified, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Riskified wasn't on the list.
While Riskified currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
