Riskified (NYSE:RSKD) Upgraded to Neutral at JPMorgan Chase & Co.

Riskified (NYSE:RSKD) was upgraded by stock analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Friday, MarketBeat Ratings reports. The firm currently has a $6.00 price target on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 33.54% from the company’s previous close.

A number of other brokerages have also commented on RSKD. Wall Street Zen lowered shares of Riskified from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Keefe, Bruyette & Woods reduced their price objective on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a report on Tuesday, August 19th. UBS Group boosted their target price on shares of Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday. Piper Sandler dropped 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Riskified has a consensus rating of “Hold” and a consensus target price of $5.89.

Riskified Price Performance

Shares of RSKD stock traded down $0.50 on Friday, reaching $4.49. 2,092,163 shares of the company were exchanged, compared to its average volume of 542,767. Riskified has a one year low of $3.94 and a one year high of $5.99. The company has a market cap of $724.32 million, a price-to-earnings ratio of -19.61 and a beta of 1.36. The company has a 50-day moving average of $4.72 and a 200-day moving average of $4.88.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Riskified had a negative return on equity of 7.87% and a negative net margin of 11.04%.The business had revenue of $81.86 million for the quarter, compared to the consensus estimate of $80.25 million. During the same period in the prior year, the business earned $0.03 EPS. The firm’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 predict that Riskified will post -0.15 EPS for the current year.

Hedge Funds Weigh In On Riskified

Hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Investments LP bought a new position in Riskified in the 3rd quarter valued at $102,000. Caption Management LLC raised its stake in shares of Riskified by 159.9% during the 3rd quarter. Caption Management LLC now owns 59,940 shares of the company’s stock worth $281,000 after purchasing an additional 159,940 shares during the period. TFJ Management LLC boosted its holdings in shares of Riskified by 31.7% in the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after buying an additional 335,399 shares during the last quarter. Russell Investments Group Ltd. grew its position in Riskified by 23.4% during the third quarter. Russell Investments Group Ltd. now owns 278,289 shares of the company’s stock valued at $1,302,000 after buying an additional 52,821 shares during the period. Finally, ARK Investment Management LLC grew its position in Riskified by 1.2% during the third quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock valued at $1,724,000 after buying an additional 4,248 shares during the period. Hedge funds and other 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.