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

Shares of Riskified Ltd. (NYSE:RSKD) have been given an average rating of “Hold” by the eight ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.84.

Several analysts have weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Riskified from $4.50 to $4.00 and set a “sell” rating for the company in a research note on Monday, December 2nd. Barclays lowered their target price on Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Truist Financial reduced their price target on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. JPMorgan Chase & Co. boosted their price objective on Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, Piper Sandler restated an “overweight” rating and issued a $7.00 target price on shares of Riskified in a report on Thursday, November 14th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. nVerses Capital LLC bought a new position in shares of Riskified during the second quarter valued at $29,000. Valmark Advisers Inc. purchased a new position in Riskified in the 2nd quarter worth approximately $104,000. Quantbot Technologies LP bought a new position in Riskified in the 3rd quarter valued at approximately $120,000. Squarepoint Ops LLC bought a new stake in shares of Riskified in the 2nd quarter worth $163,000. Finally, Olympiad Research LP bought a new position in shares of Riskified during the third quarter valued at $150,000. 58.98% of the stock is currently owned by institutional investors.

Riskified Stock Up 2.4 %

Shares of RSKD stock opened at $5.14 on Thursday. The business has a 50-day moving average price of $4.59 and a two-hundred day moving average price of $5.29. Riskified has a 12-month low of $4.14 and a 12-month high of $6.64. The firm has a market cap of $916.31 million, a P/E ratio of -25.70 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued its earnings results on Wednesday, November 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $78.80 million during 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%. Riskified’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. As a group, research analysts expect that Riskified will post -0.15 EPS for the current fiscal year.

Riskified announced that its Board of Directors has authorized a stock buyback program on Wednesday, November 13th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are 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.