Riskified Ltd. (NYSE:RSKD) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Riskified Ltd. (NYSE:RSKD - Get Free Report) have earned an average rating of "Hold" from the eight research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $5.84.

Several analysts have weighed in on RSKD shares. UBS Group decreased their price objective on shares of Riskified from $4.75 to $4.50 and set a "neutral" rating on the stock in a research note 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. 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 report on Thursday, November 14th. DA Davidson upgraded Riskified to a "hold" rating in a research report on Thursday, November 14th. Finally, Piper Sandler restated an "overweight" rating and set a $7.00 target price on shares of Riskified in a report on Thursday, November 14th.

Riskified Stock Down 0.2 %

RSKD traded down $0.01 during midday trading on Monday, reaching $4.74. 393,917 shares of the company's stock were exchanged, compared to its average volume of 653,093. The business has a 50-day simple moving average of $4.67 and a two-hundred day simple moving average of $5.16. The firm has a market capitalization of $845.02 million, a price-to-earnings ratio of -23.70 and a beta of 1.38. Riskified has a one year low of $4.14 and a one year high of $6.64.

Riskified (NYSE:RSKD - Get Free Report) last posted its earnings results on Wednesday, November 13th. The company reported $0.03 EPS 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 business had revenue of $78.80 million during the quarter, compared to the consensus estimate of $75.01 million. During the same quarter last year, the company earned ($0.12) EPS. Riskified's revenue was up 9.6% on a year-over-year basis. As a group, research analysts anticipate that Riskified will post -0.15 EPS for the current fiscal year.

Riskified announced that its board has authorized a share repurchase 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 stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RSKD. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Riskified by 76.0% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company's stock valued at $31,854,000 after purchasing an additional 2,907,585 shares during the period. Jennison Associates LLC increased its holdings in Riskified by 11.2% in the third quarter. Jennison Associates LLC now owns 5,682,144 shares of the company's stock valued at $26,877,000 after purchasing an additional 573,596 shares during the last quarter. Harvey Partners LLC lifted its stake in Riskified by 9.7% in the third quarter. Harvey Partners LLC now owns 3,227,500 shares of the company's stock valued at $15,266,000 after buying an additional 286,500 shares during the period. Acadian Asset Management LLC boosted its holdings in Riskified by 199.4% during the second quarter. Acadian Asset Management LLC now owns 2,632,439 shares of the company's stock worth $16,803,000 after buying an additional 1,753,260 shares during the last quarter. Finally, Clearline Capital LP boosted its holdings in Riskified by 10.3% during the third quarter. Clearline Capital LP now owns 1,853,922 shares of the company's stock worth $8,769,000 after buying an additional 173,694 shares during the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

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.