Riskified Ltd. (NYSE:RSKD) Receives Consensus Rating of "Hold" from Analysts

Riskified Ltd. (NYSE:RSKD - Get Free Report) has earned an average rating of "Hold" from the eight brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on 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.

RSKD has been the topic of several research analyst reports. Truist Financial decreased their target price on shares of Riskified from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Keefe, Bruyette & Woods decreased their price target on shares of Riskified from $5.50 to $5.25 and set a "market perform" rating on the stock in a report on Thursday, November 14th. Piper Sandler restated an "overweight" rating and set a $7.00 price objective on shares of Riskified in a report on Thursday, November 14th. DA Davidson raised Riskified to a "hold" rating 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 for the company in a research report on Monday.

Riskified Trading Down 1.8 %

Shares of Riskified stock traded down $0.09 during trading hours on Thursday, reaching $4.90. 398,828 shares of the company's stock were exchanged, compared to its average volume of 665,804. Riskified has a 52-week low of $4.11 and a 52-week high of $6.64. The company has a fifty day moving average of $4.57 and a 200-day moving average of $5.32. The firm has a market capitalization of $873.52 million, a price-to-earnings ratio of -24.95 and a beta of 1.38.

Riskified (NYSE:RSKD - Get Free Report) last released its earnings results on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The firm had revenue of $78.80 million for the quarter, compared to the consensus estimate of $75.01 million. During the same period in the prior year, the business posted ($0.12) earnings per share. The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that Riskified will post -0.15 earnings per share for the current fiscal year.

Riskified announced that its board has initiated a stock buyback program on Wednesday, November 13th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to buy up to 9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Riskified

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSKD. nVerses Capital LLC purchased a new position in shares of Riskified during the 2nd quarter valued at approximately $29,000. Valmark Advisers Inc. acquired a new stake in Riskified in the second quarter valued at $104,000. Quantbot Technologies LP bought a new position in Riskified during the 3rd quarter valued at $120,000. Squarepoint Ops LLC bought a new position in Riskified during the 2nd quarter valued at $163,000. Finally, Olympiad Research LP acquired a new position in Riskified during the 3rd quarter worth $150,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

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.