Riskified (RSKD) to Release Quarterly Earnings on Wednesday

Riskified (NYSE:RSKD) is anticipated to release its earnings data before the market opens on Wednesday, March 5th. Analysts expect Riskified to post earnings of $0.08 per share and revenue of $90.36 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Riskified Stock Performance

RSKD opened at $5.15 on Tuesday. Riskified has a fifty-two week low of $4.14 and a fifty-two week high of $6.64. The company has a market capitalization of $918.12 million, a P/E ratio of -25.75 and a beta of 1.38. The stock has a fifty day moving average of $5.15 and a 200-day moving average of $4.85.

Riskified announced that its board has authorized a share buyback program on Wednesday, November 13th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have recently weighed in on RSKD. The Goldman Sachs Group dropped their target price on Riskified from $4.50 to $4.00 and set a “sell” rating for the company in a report on Monday, December 2nd. UBS Group dropped their price target on Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Keefe, Bruyette & Woods dropped their price target on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research note on Thursday, November 14th. Piper Sandler dropped their price target on Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, DA Davidson raised Riskified from a “neutral” rating to a “buy” rating and boosted their price target for the company from $5.00 to $7.00 in a research note on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.72.

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.