Riskified Ltd. (NYSE:RSKD) Receives Average Recommendation of “Hold” from Analysts

Riskified Ltd. (NYSE:RSKD) has been given an average recommendation of “Hold” by the eight analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $5.84.

RSKD has been the topic of several recent analyst reports. DA Davidson upgraded shares of Riskified to a “hold” rating in a research report on Thursday, November 14th. Piper Sandler reissued an “overweight” rating and set a $7.00 price target on shares of Riskified in a report on Thursday, November 14th. Keefe, Bruyette & Woods dropped their price objective 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. UBS Group cut their target price on Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group lowered their price target on Riskified from $4.50 to $4.00 and set a “sell” rating on the stock in a report on Monday, December 2nd.

Institutional Trading of Riskified

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

Riskified Stock Performance

NYSE:RSKD opened at $4.83 on Monday. The stock has a 50-day simple moving average of $4.70 and a two-hundred day simple moving average of $5.12. Riskified has a 52-week low of $4.14 and a 52-week high of $6.64. The firm has a market capitalization of $861.07 million, a PE ratio of -24.15 and a beta of 1.38.

Riskified (NYSE:RSKD) last released 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. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The company had revenue of $78.80 million during the quarter, compared to analyst estimates of $75.01 million. During the same period in the prior year, the firm posted ($0.12) EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities analysts forecast that Riskified will post -0.15 earnings per share for the current fiscal year.

Riskified announced that its board has initiated a share 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 buy up to 9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Riskified Company Profile

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.