Riskified Ltd. (NYSE:RSKD) Given Average Recommendation of “Hold” by Analysts

Riskified Ltd. (NYSE:RSKD) has received a consensus rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $5.84.

Several research analysts have commented on RSKD shares. UBS Group decreased their price objective on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a report on Thursday, November 14th. Keefe, Bruyette & Woods lowered 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 Thursday, November 14th. The Goldman Sachs Group reduced their target price on Riskified from $4.50 to $4.00 and set a “sell” rating on the stock in a report on Monday, December 2nd. DA Davidson upgraded Riskified to a “hold” rating in a research note on Thursday, November 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $7.00 price target on shares of Riskified in a research note on Thursday, November 14th.

Institutional Trading of Riskified

Institutional investors and hedge funds have recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Riskified during the second quarter valued at approximately $29,000. Valmark Advisers Inc. purchased a new position in shares of Riskified in the second quarter worth $104,000. Quantbot Technologies LP purchased a new position in shares of Riskified in the third quarter worth $120,000. Olympiad Research LP bought a new position in shares of Riskified during the third quarter valued at $150,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Riskified during the second quarter valued at $163,000. 58.98% of the stock is currently owned by institutional investors.

Riskified Trading Up 1.7 %

Riskified stock opened at $4.83 on Monday. Riskified has a 1-year low of $4.14 and a 1-year high of $6.64. The firm has a market cap of $861.07 million, a P/E ratio of -24.15 and a beta of 1.38. The firm has a 50-day moving average of $4.70 and a 200-day moving average of $5.13.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $78.80 million for the quarter, compared to analyst estimates of $75.01 million. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company earned ($0.12) EPS. Research analysts forecast that Riskified will post -0.15 earnings per share for the current fiscal year.

Riskified announced that its board has approved a share repurchase program on Wednesday, November 13th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.