Riskified Ltd. (NYSE:RSKD) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Riskified Ltd. (NYSE:RSKD) have received an average rating of “Hold” from the eight analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $5.72.

A number of analysts have issued reports on the stock. DA Davidson upgraded shares of Riskified to a “hold” rating in a report on Thursday, November 14th. Piper Sandler reduced their price target on shares of Riskified from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group reduced their target price on shares of 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 reduced their target price 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. Finally, UBS Group reduced their target price on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th.

Riskified Price Performance

Shares of RSKD stock opened at $5.13 on Friday. The company has a market capitalization of $913.63 million, a price-to-earnings ratio of -25.62 and a beta of 1.37. Riskified has a one year low of $4.14 and a one year high of $6.64. The company’s fifty day moving average price is $4.81 and its 200-day moving average price is $4.99.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $78.80 million for the quarter, compared to the consensus estimate of $75.01 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned ($0.12) EPS. Equities research analysts expect that Riskified will post -0.15 earnings per share for the current fiscal year.

Riskified announced that its Board of Directors has authorized a stock repurchase program on Wednesday, November 13th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to buy up to 9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Riskified

Several hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in shares of Riskified by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company’s stock worth $4,142,000 after purchasing an additional 15,250 shares in the last quarter. Tidal Investments LLC grew its stake in Riskified by 4.8% during the 3rd quarter. Tidal Investments LLC now owns 100,525 shares of the company’s stock worth $475,000 after buying an additional 4,616 shares during the last quarter. Barclays PLC increased its position in Riskified by 106.6% during the 3rd quarter. Barclays PLC now owns 39,174 shares of the company’s stock valued at $186,000 after buying an additional 20,213 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Riskified in the third quarter valued at about $1,438,000. Finally, State Street Corp boosted its holdings in Riskified by 0.9% in the third quarter. State Street Corp now owns 745,593 shares of the company’s stock worth $3,527,000 after acquiring an additional 6,927 shares in the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

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.