Riskified Ltd. (NYSE:RSKD) Receives Average Recommendation of “Hold” from Brokerages

Riskified Ltd. (NYSE:RSKD) has been given a consensus recommendation of “Hold” by the eight research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $5.84.

A number of research firms recently weighed in on RSKD. The Goldman Sachs Group reduced their price objective on Riskified from $4.50 to $4.00 and set a “sell” rating for the company in a research report on Monday, December 2nd. Keefe, Bruyette & Woods reduced 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 raised Riskified to a “hold” rating in a research report on Thursday, November 14th. 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. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $7.00 target price on shares of Riskified in a report on Thursday, November 14th.

Institutional Trading of Riskified

Several large investors have recently modified their holdings of the company. nVerses Capital LLC bought a new position in Riskified in the second quarter valued at about $29,000. Valmark Advisers Inc. bought a new position in shares of Riskified in the 2nd quarter worth approximately $104,000. Quantbot Technologies LP purchased a new position in shares of Riskified in the third quarter worth approximately $120,000. Squarepoint Ops LLC purchased a new position in shares of Riskified in the second quarter worth approximately $163,000. Finally, Olympiad Research LP bought a new stake in Riskified during the third quarter valued at approximately $150,000. Institutional investors own 58.98% of the company’s stock.

Riskified Trading Up 1.7 %

RSKD opened at $4.83 on Monday. The company has a market cap of $861.07 million, a price-to-earnings ratio of -24.15 and a beta of 1.38. The stock has a fifty day simple moving average of $4.70 and a two-hundred day simple moving average of $5.12. Riskified has a 12-month low of $4.14 and a 12-month high of $6.64.

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

Riskified announced that its Board of Directors has authorized a share repurchase plan on Wednesday, November 13th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to purchase up to 9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

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.