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

Shares of Riskified Ltd. (NYSE:RSKD) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $5.84.

Several analysts recently commented on the stock. UBS Group cut their price objective on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. DA Davidson upgraded shares of Riskified to a “hold” rating in a report on Thursday, November 14th. The Goldman Sachs Group decreased their price objective on shares of Riskified from $4.50 to $4.00 and set a “sell” rating for the company in a report on Monday, December 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $7.00 price objective on shares of Riskified in a research report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods reduced their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a report on Thursday, November 14th.

Riskified Stock Down 1.7 %

RSKD opened at $4.75 on Monday. Riskified has a 52 week low of $4.14 and a 52 week high of $6.64. The stock has a market cap of $846.81 million, a PE ratio of -23.75 and a beta of 1.38. The business has a 50 day moving average of $4.67 and a 200-day moving average of $5.17.

Riskified (NYSE:RSKD) last issued its quarterly 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 company had revenue of $78.80 million during the quarter, compared to analyst estimates of $75.01 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. Riskified’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business earned ($0.12) EPS. Equities analysts anticipate that Riskified will post -0.15 EPS for the current year.

Riskified declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, November 13th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RSKD. Algert Global LLC boosted its stake in Riskified by 7.1% in the 2nd quarter. Algert Global LLC now owns 43,324 shares of the company’s stock worth $277,000 after purchasing an additional 2,854 shares during the period. nVerses Capital LLC bought a new position in shares of Riskified during the second quarter worth $29,000. Tidal Investments LLC grew its stake in Riskified by 4.8% during the third quarter. Tidal Investments LLC now owns 100,525 shares of the company’s stock valued at $475,000 after acquiring an additional 4,616 shares in the last quarter. State Street Corp grew its stake in Riskified by 0.9% during the third quarter. State Street Corp now owns 745,593 shares of the company’s stock valued at $3,527,000 after acquiring an additional 6,927 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its holdings in Riskified by 18.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 75,058 shares of the company’s stock valued at $480,000 after acquiring an additional 11,574 shares during the last quarter. Institutional investors own 58.98% of the company’s stock.

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.