Riskified (NYSE:RSKD) Issues Earnings Results

Riskified (NYSE:RSKD - Get Free Report) released its earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.09), Zacks reports. The firm had revenue of $93.50 million for the quarter, compared to the consensus estimate of $90.36 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 11.2% on a year-over-year basis. During the same quarter last year, the company posted $0.07 EPS. Riskified updated its FY 2025 guidance to EPS.

Riskified Stock Down 5.6 %

Shares of RSKD traded down $0.28 during mid-day trading on Friday, hitting $4.65. 1,015,486 shares of the company's stock were exchanged, compared to its average volume of 556,863. Riskified has a 52 week low of $4.14 and a 52 week high of $6.64. The stock's 50-day simple moving average is $5.16 and its 200-day simple moving average is $4.86. The firm has a market cap of $828.09 million, a price-to-earnings ratio of -23.22 and a beta of 1.37.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RSKD. DA Davidson upgraded shares of Riskified from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $5.00 to $7.00 in a research note on Monday, March 3rd. UBS Group reduced their price objective on shares of Riskified from $4.75 to $4.50 and set a "neutral" rating for the company in a research note on Thursday, November 14th. Piper Sandler increased their price objective on shares of Riskified from $6.00 to $7.00 and gave the stock an "overweight" rating in a research note on Thursday. Keefe, Bruyette & Woods cut their target price on shares of Riskified from $5.50 to $5.25 and set a "market perform" rating for the company in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group raised their target price on shares of Riskified from $4.00 to $4.50 and gave the company a "sell" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Riskified has a consensus rating of "Hold" and a consensus target price of $5.91.

Remove Ads

Riskified declared that its Board of Directors has approved a stock buyback program on Wednesday, November 13th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are 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.